MAITHAN ALLOYS : ACQUIRES ₹50 CR WORTH HFCL SHARES 📡

• 🏢 Maithan Alloys acquired 27,53,500 shares of HFCL through the stock exchange • 💰 Total acquisition value stands at ₹50.04 Cr • 📊 Acquisition represents 0.18% stake in HFCL • 🚫 Company clarified it does not intend to acquire management control of HFCL • 📡 HFCL operates in telecom infrastructure, optical fibre, defence equipment and digital networks • 🎯 Investment made to generate long-term/short-term investment returns 🟢 Impact: Positive for HFCL (Institutional buying reflects investor confidence and strengthens market perception.)

MAITHAN ALLOYS LTD

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