Maithan Alloys Acquires 0.18% Stake in HFCL for ₹50.04 Cr

Maithan Alloys Limited has acquired a 0.18% stake in HFCL Limited, comprising 2,753,500 shares, for a total consideration of ₹50.04 Crore. The acquisition occurred on June 9, 2026, through the stock exchange and is considered an investment for long-term/short-term benefits. Maithan Alloys does not intend to acquire control of HFCL's management. HFCL operates in the Telecom and Defence Equipment sector, with a turnover of ₹4528 Crore and PAT of ₹253 Crore as of March 31, 2026. The acquisition was conducted at arm's length and does not involve related parties.