22-Oct-2026 12:54:21

MAITHANALLAcquisition and merger

MAITHAN ALLOYS : ACQUIRES 0.09% STAKE IN STERLITE TECHNOLOGIES FOR RS 38.72 CR

• Acquired 439,848 equity shares, or 0.09% of shareholding, of Sterlite Technologies through the stock exchange • Total cost of acquisition ₹38.72 Cr, on cash consideration basis; acquisition completed on 19 October 2026 • Shares acquired as part of Maithan Alloys' investment portfolio to reap long-term/short-term investment benefits • Maithan does not intend to acquire control, directly or indirectly, of the management of Sterlite Technologies • Target is in telecom equipment and accessories; FY26 turnover ₹2,446 Cr, PAT ₹2 Cr, networth ₹1,526 Cr • Not a related party transaction and no promoter/promoter group interest in the acquired entity Impact: Neutral (Small minority financial investment with no control intent; negligible strategic or earnings impact)

Maithan Alloys Limited

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