Maithan Alloys Acquires 0.10% Stake in HFCL for ₹40.61 Crore

Maithan Alloys Limited has acquired 1,584,000 equity shares, representing 0.10% of the total shareholding, in HFCL Limited for a total cost of ₹40.61 Crore. The acquisition was completed on October 9, 2026, through the stock exchange. This move is part of Maithan Alloys' investment strategy to achieve long-term and short-term investment benefits. The company has stated that it does not intend to acquire control over HFCL's management. HFCL operates in the Telecom and Defence Equipment sector, including Optical Fiber and Cables. The acquisition was conducted at arm's length and does not involve related parties.