Maithan Alloys Acquires 0.07% Stake in HFCL for ₹29.72 Crore

Maithan Alloys Limited has acquired 1,25,000 equity shares, representing 0.07% of the total shareholding, in HFCL Limited for a total consideration of ₹29.72 Crore. The acquisition was made through the stock exchange on October 8, 2026, and is considered a long-term/short-term investment to reap benefits. Maithan Alloys does not intend to acquire control of HFCL's management. HFCL Limited is a technology enterprise operating in Telecom, Defence Equipment, Optical Fiber, and EPC services. The acquisition was conducted at arm's length and does not involve related party transactions.