Maithan Alloys Acquires ESDS Software Shares for ₹5.89 Cr

Maithan Alloys Ltd has acquired 48,901 equity shares, representing 0.04% of the shareholding, in ESDS Software Solution Limited for a total cost of ₹5.89 Crore. The acquisition occurred on November 11, 2026, through the stock exchange and is considered part of Maithan Alloys' investment strategy for long-term and short-term benefits. The company clarified that it does not intend to acquire control of ESDS Software Solution Limited's management. The acquired entity, 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 was conducted at arm's length and did not involve related parties.