StockWatch
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Ferro & Silica Manganese
Acquisitions13 Nov 2026, 02:32 pm

Maithan Alloys Acquires ESDS Software Shares for ₹0.42 Cr

AI Summary

Maithan Alloys Ltd has acquired 3401 equity shares of ESDS Software Solution Limited, representing 0.003% of the total shareholding, for a total cost of ₹0.42 Crore. The acquisition was made through the stock exchange as part of Maithan Alloys' investment strategy to achieve long-term and short-term investment benefits. The company clarified that it does not intend to acquire control over ESDS Software Solution Limited's management. ESDS Software Solution Limited is an AI-enabled end-to-end IT service provider with a turnover of ₹378 Crore and PAT of ₹62 Crore as of March 31, 2026. The acquisition is considered an arms-length transaction and does not involve related parties.

Key Highlights

  • Maithan Alloys acquired 3401 shares of ESDS Software Solution Ltd.
  • Total acquisition cost amounted to ₹0.42 Crore.
  • Acquisition is for investment purposes, not for control.
  • ESDS Software is an IT service provider with ₹378 Cr turnover.