MAITHAN ALLOYS : ACQUIRES 0.05% STAKE IN HFCL FOR RS 20 CR

• Acquires 780,000 equity shares, or 0.05% shareholding, of HFCL Limited through the stock exchange on 13 October 2026 • Total cost of acquisition ₹20 Cr on a cash consideration basis • Shares form part of Maithan Alloys' investment with a view to long-term/short-term investment benefits; company does not intend to acquire control or management of HFCL • HFCL operates in telecom infrastructure - high-end telecom and defence equipment, optical fiber, optical fiber cables, passive connectivity via subsidiary HTL, and EPC services • HFCL FY26 (as at 31.03.2026): turnover ₹4,528 Cr, PAT ₹253 Cr, net worth ₹4,727 Cr; turnover was ₹3,795 Cr in FY25 and ₹4,075 Cr in FY24 • Transaction is not a related party transaction; promoter/promoter group has no interest in the acquired entity

Maithan Alloys Limited

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