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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 0.04% of Sterlite Technologies for Rs. 19.97 Crore

M&A ● No Immediate Change LOW RISK
📅 Filed on BSE: 17 Oct 2026, 12:50 PM IST  ·  BSE ID: 241d0acc-4fc3-4a39-9051-560ff765201e
View Original BSE Filing (PDF)
💡
In Simple Terms
Maithan Alloys bought 0.04% of Sterlite Technologies for Rs. 19.97 Crore, classifying it as a financial investment.
🤖 AI Summary
  • Maithan Alloys Limited acquired 0.04% shareholding (228,000 shares) in Sterlite Technologies Limited.
  • The total cost of acquisition was Rs. 19.97 Crore, executed through the stock exchange on October 16, 2026.
  • Maithan Alloys views this as an investment for long-term/short-term benefits and does not seek management control.
  • Sterlite Technologies Limited, incorporated on March 24, 2000, reported a turnover of Rs. 2446 Crore and PAT of Rs. 2 Crore as of March 31, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of acquisition
Rs. 19.97 Crore
Percentage of shareholding acquired
0.04%
Number of shares acquired
228,000 shares
Sterlite Technologies Turnover (FY26)
Rs. 2446 Crore
Sterlite Technologies PAT (FY26)
Rs. 2 Crore
🏢 How This Affects the Company
📈
Business Impact
The acquisition expands Maithan Alloys' investment portfolio into the telecom equipment and accessories industry through Sterlite Technologies Limited.
💰
Financial Impact
The company utilized Rs. 19.97 Crore in cash for this investment, impacting its cash reserves and increasing its total investment assets.
⚠️
Risk Impact
The acquisition introduces exposure to the performance and risks associated with Sterlite Technologies Limited's business operations in the telecom sector.
👥 What This Means For Shareholders
✅
Action Required
No specific action is required from shareholders based on this acquisition filing.
👤
Who Is Affected
Shareholders are indirectly affected as company cash of Rs. 19.97 Crore has been deployed into a new equity investment, potentially influencing future balance sheet asset composition.
🔍
Management Signal
Management is actively deploying cash reserves for equity investments aimed at long-term/short-term benefits, indicating a focus on portfolio diversification.

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

👁 Watch List — track these upcoming events
Maithan Alloys' next quarterly results — assess impact of recent investments on cash flow.
Sterlite Technologies' future financial results — evaluate performance of the acquired entity.
Any further investment disclosures by Maithan Alloys Limited in other entities.
LOW RISK The acquisition is a minority stake investment, not changing the core business or control.
💡 Investor Takeaway
Maithan Alloys Limited acquired 0.04% of Sterlite Technologies Limited, totaling 228,000 shares, for Rs. 19.97 Crore cash consideration on October 16, 2026. This forms part of Maithan Alloys' investment portfolio, with no intent to control the target entity's management.
⚖️ Strengths & Concerns

✅ Positives

  • Maithan Alloys Limited diversified its investment portfolio by acquiring shares in Sterlite Technologies Limited for Rs. 19.97 Crore.
  • The acquisition was executed via stock exchange for cash consideration, indicating liquidity for such strategic investments.

⚠️ Concerns

  • Sterlite Technologies Limited reported a Net Profit of Rs. 2 Crore against a Turnover of Rs. 2446 Crore as of March 31, 2026.
  • Maithan Alloys has made four acquisitions in October 2026, totaling Rs. 114.12 Crore, which could reduce deployable cash for core operations.
📅 Company Track Record
Maithan Alloys has shown a pattern of strategic investments in October 2026. Prior to this, the company acquired 0.05% of HFCL Limited for Rs. 20.00 Crore on October 14, 2026, another 0.05% of HFCL for Rs. 20.14 Crore on October 13, 2026, and 0.10% of HFCL for Rs. 40.61 Crore on October 10, 2026. Additionally, 0.20% of ESDS Software was acquired for Rs. 33.40 Crore on October 10, 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the acquisition value of Sterlite Technologies shares by Maithan Alloys?
Maithan Alloys Limited acquired shares of Sterlite Technologies Limited for a total cost of Rs. 19.97 Crore on October 16, 2026.
What percentage of Sterlite Technologies has Maithan Alloys acquired?
Maithan Alloys Limited acquired 0.04% of the total shareholding of Sterlite Technologies Limited, amounting to 228,000 shares.
What is the business of Sterlite Technologies Limited?
Sterlite Technologies Limited's operations involve manufacturing and supplying telecom products and providing digital and technology solutions, including optical fibres and cables.
What were Sterlite Technologies Limited's financial results for FY26?
As of March 31, 2026, Sterlite Technologies Limited reported a turnover of Rs. 2446 Crore and a Profit After Tax (PAT) of Rs. 2 Crore.

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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