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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Maithan Alloys Ltd

Maithan Alloys acquires 0.11% stake in ESDS Software Solution for Rs. 18.15 Crore

M&A ● No Immediate Change LOW RISK
📅 Filed on BSE: 09 Oct 2026, 03:32 PM IST  ·  BSE ID: b3311529-e60f-44d4-98af-29a14ed3d725
View Original BSE Filing (PDF)
💡
In Simple Terms
Maithan Alloys bought a small portion of ESDS Software Solution's shares for Rs. 18.15 Crore, aiming for investment benefits.
🤖 AI Summary
  • Maithan Alloys Limited acquired 0.11% shareholding, or 128,155 shares, in ESDS Software Solution Limited.
  • The total cost of this equity share acquisition was Rs. 18.15 Crore.
  • The acquisition was completed on October 8, 2026, through the stock exchange.
  • Maithan Alloys views this as an investment for long-term/short-term benefits, not control.
  • ESDS Software Solution Limited reported a turnover of Rs. 378 Crore and PAT of Rs. 62 Crore as of March 31, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of acquisition
Rs. 18.15 Crore
Percentage of shareholding acquired
0.11%
Number of shares acquired
128155 shares
ESDS Software Solution Limited Turnover (as at 31.03.2026)
Rs. 378 Crore
ESDS Software Solution Limited PAT (as at 31.03.2026)
Rs. 62 Crore
ESDS Software Solution Limited Networth (as at 31.03.2026)
Rs. 520 Crore
ESDS Software Solution Limited Turnover (2024-2025)
Rs. 357 Crore
ESDS Software Solution Limited Turnover (2023-2024)
Rs. 281 Crore
🏢 How This Affects the Company
📈
Business Impact
This acquisition represents a passive investment for Maithan Alloys, not intended to directly alter its core ferroalloys business or market position. It diversifies a small portion of the company's investment portfolio.
💰
Financial Impact
The company utilized Rs. 18.15 Crore in cash for this acquisition, impacting its cash reserves. This investment will appear on the balance sheet as a non-current asset.
⚠️
Risk Impact
The acquisition introduces exposure to the IT Enabled Services industry through a passive investment, adding a new element to Maithan Alloys' overall investment risk profile.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders.
👤
Who Is Affected
Shareholders of Maithan Alloys Limited are indirectly affected by the company's deployment of Rs. 18.15 Crore of capital into a passive IT sector investment.
🔍
Management Signal
Management is signaling a strategy of deploying capital into passive equity investments in other listed entities to potentially generate long-term or short-term returns.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Future disclosures on any further stake changes in ESDS Software Solution Limited.
Maithan Alloys' next quarterly financial results for investment portfolio updates.
ESDS Software Solution Limited's upcoming financial results for performance insights.
LOW RISK The acquisition is a small, passive investment for Maithan Alloys, limiting direct operational or financial risk.
💡 Investor Takeaway
Maithan Alloys Limited completed the acquisition of 0.11% shareholding in ESDS Software Solution Limited for Rs. 18.15 Crore on October 8, 2026. This is a passive cash investment without intent to acquire management control.
⚖️ Strengths & Concerns

✅ Positives

  • Acquisition made at "arms length" and is not a Related Party Transaction, ensuring standard market terms for the transaction.
  • The target entity, ESDS Software Solution Limited, demonstrated consistent revenue growth over three years: Rs. 281 Crore (FY24) to Rs. 378 Crore (FY26).

⚠️ Concerns

  • The 0.11% stake acquired is a minority, passive investment, offering no operational control or strategic influence for Maithan Alloys.
  • The investment is based on a view to reap benefits without control, limiting Maithan Alloys' ability to influence the target entity's performance.
📅 Company Track Record
Maithan Alloys has a recent history of passive equity investments, including acquiring 0.03% of HFCL Limited for Rs. 10.44 Crore in October 2026 and 0.29% of Sterlite Technologies for Rs. 91.24 Crore in August 2026. The company also completed a merger with its wholly-owned subsidiary, Impex Metal & Ferro Alloys, effective March 31, 2024.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What stake did Maithan Alloys acquire in ESDS Software Solution Limited?
Maithan Alloys Limited acquired 0.11% of the equity shareholding in ESDS Software Solution Limited, comprising 128,155 shares.
What was the cost of Maithan Alloys' acquisition of ESDS Software Solution shares?
The total cost of the acquisition of equity shares in ESDS Software Solution Limited was Rs. 18.15 Crore.
When did Maithan Alloys complete the acquisition of ESDS Software Solution shares?
The acquisition of shares in ESDS Software Solution Limited was completed on October 8, 2026.
What was the turnover of ESDS Software Solution Limited as of March 31, 2026?
ESDS Software Solution Limited reported a turnover of Rs. 378 Crore and a Profit After Tax (PAT) of Rs. 62 Crore as of March 31, 2026.
What is the stated objective of Maithan Alloys' acquisition of ESDS Software Solution shares?
The objective is to reap long-term/short-term investment benefits, with Maithan Alloys Limited not intending to acquire control of the target entity's management.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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