Maithan Alloys Acquires 0.20% Stake in ESDS Software for ₹33.40 Cr

Maithan Alloys Limited has acquired 233,160 equity shares, representing 0.20% of the total shareholding, in ESDS Software Solution Limited for a cash consideration of ₹33.40 Crore. The acquisition occurred on October 9, 2026, through the stock exchange and is considered an arm's length transaction. Maithan Alloys stated the shares were acquired as part of its investment strategy to reap long-term/short-term benefits, with no intention to acquire control of the target entity's management. ESDS Software Solution Limited is an AI-enabled IT service provider with a turnover of ₹378 Crore and PAT of ₹62 Crore as of March 31, 2026. This acquisition does not involve related parties or promoter interests.