MAITHAN ALLOYS: KOLKATA STEP-DOWN SUBSIDIARY ACQUIRES 100% SHARES OF HFCL LIMITED

• Maithan Alloys acquired 0.17% shareholding in HFCL Limited, comprising 25,27,000 shares, on October 1, 2026. • The acquisition cost was ₹60.09 Crore. • The shares were acquired through the stock exchange as an investment for long-term benefits. • Maithan Alloys Limited does not intend to acquire control of HFCL Limited. • HFCL Limited is a technology enterprise in Telecom and Defence Equipment, Optical Fiber, and Passive Connectivity Solutions.

Maithan Alloys Limited

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