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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 0.20% stake in ESDS Software for Rs. 33.40 Crore

M&A ● No Immediate Change LOW RISK
📅 Filed on BSE: 10 Oct 2026, 01:27 PM IST  ·  BSE ID: c0931aa9-e68d-4878-a490-8899107b775f
View Original BSE Filing (PDF)
💡
In Simple Terms
Maithan Alloys bought a small part of ESDS Software for Rs. 33.40 Crore as an investment.
🤖 AI Summary
  • Maithan Alloys acquired 0.20% shareholding, 233,160 shares, in ESDS Software Solution Limited.
  • The acquisition was completed on October 9, 2026, via stock exchange, for Rs. 33.40 Crore.
  • Purpose is investment benefits; Maithan Alloys does not intend to acquire management control.
  • ESDS Software Solution Limited, an IT Enabled Services company, had a turnover of Rs. 378 Crore in FY 2025-2026.
  • The acquisition is a cash consideration and is not a Related Party Transaction.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of acquisition
Rs. 33.40 Crore
Percentage of shareholding acquired
0.20%
Shares acquired
233160 shares
ESDS Software Turnover FY 2025-2026
Rs. 378 Crore
ESDS Software PAT FY 2025-2026
Rs. 62 Crore
ESDS Software Networth FY 2025-2026
Rs. 520 Crore
🏢 How This Affects the Company
📈
Business Impact
Maithan Alloys' business portfolio expands to include a minority investment in an IT Enabled Services provider, ESDS Software Solution Limited, which operates in data center, cloud, and AI infrastructure solutions.
💰
Financial Impact
The company utilized Rs. 33.40 Crore in cash for this investment, which will be reflected on its balance sheet as an investment asset. ESDS Software reported a Networth of Rs. 520 Crore as of March 31, 2026.
⚠️
Risk Impact
This investment introduces Maithan Alloys to market risks associated with the performance of ESDS Software Solution Limited, a listed entity in the IT services sector.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders as the acquisition has been completed by the company.
👤
Who Is Affected
Shareholders of Maithan Alloys are indirectly affected as Rs. 33.40 Crore cash was used for this investment, which now forms part of the company's investment portfolio.
🔍
Management Signal
The acquisition indicates management's intent to utilize cash for investment purposes, aiming for long-term/short-term returns from a minority stake in an IT Enabled Services firm.

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

👁 Watch List — track these upcoming events
Maithan Alloys' next quarterly results — examine investment portfolio disclosures.
ESDS Software Solution Limited's future financial reports for performance updates.
Any further investment activities by Maithan Alloys into other listed entities.
LOW RISK The acquisition is a minority stake and does not involve control or significant operational changes for Maithan Alloys.
💡 Investor Takeaway
Maithan Alloys Limited completed the acquisition of 0.20% shareholding, 233,160 shares, in ESDS Software Solution Limited for Rs. 33.40 Crore on October 9, 2026. This is an investment with no intent to gain management control.
⚖️ Strengths & Concerns

✅ Positives

  • Maithan Alloys deployed Rs. 33.40 Crore in cash for an investment in a listed entity, potentially for long-term/short-term benefits.
  • ESDS Software Solution Limited showed a consistent increase in turnover over three years, from Rs. 281 Crore in FY 2023-2024 to Rs. 378 Crore in FY 2025-2026.

⚠️ Concerns

  • The 0.20% stake acquired by Maithan Alloys is a minority investment, with no intention to acquire control of ESDS Software's management.
  • No specific details are provided on the expected returns or strategic synergies from this Rs. 33.40 Crore investment.
📅 Company Track Record
Maithan Alloys Limited has shown a pattern of acquiring minority stakes, with recent filings indicating acquisitions of 0.10% and 0.07% in HFCL Limited for Rs. 40.61 Crore and Rs. 29.72 Crore respectively, and 0.11% in ESDS Software for Rs. 18.15 Crore, all in October 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the cost of Maithan Alloys' acquisition of ESDS Software shares?
Maithan Alloys Limited acquired shares of ESDS Software Solution Limited for a total cost of Rs. 33.40 Crore on October 9, 2026.
What percentage of ESDS Software Solution Limited did Maithan Alloys acquire?
Maithan Alloys Limited acquired 0.20% of the shareholding, amounting to 233,160 shares, in ESDS Software Solution Limited.
What was ESDS Software Solution Limited's turnover for FY 2025-2026?
ESDS Software Solution Limited reported a turnover of Rs. 378 Crore for the financial year 2025-2026.
What is the stated object of Maithan Alloys' acquisition of ESDS Software shares?
The stated object of the acquisition is to reap long-term/short-term investment benefits, with no intention for Maithan Alloys to acquire management control.

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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