Routine Negative

2026-10-13 18:40

CRITICAL RED FLAG DETECTED

- Search and seizure conducted by the Customs Department (DRI) at the Visakhapatnam Unit of Maithan Alloys Limited. - The search commenced on 9th October, 2026 and concluded on 10th October, 2026. - The company stated there is no financial impact and business operations continued without disruption. - Full cooperation was extended to the authorities.

Ownership Neutral

2026-10-13 11:45

- Maithan Alloys Limited has acquired 7,65,000 equity shares (0.05% stake) of HFCL Limited through the stock exchange. - Total cost of acquisition is ₹20.14 Crore on October 12, 2026. - The shares are acquired for investment purposes with no intention of acquiring management control.

Ownership Neutral

2026-10-10 13:25

- Maithan Alloys Limited has acquired equity shares of HFCL Limited through the stock exchange. - Total cost of acquisition is ₹40.61 Crore for 1,584,000 shares representing 0.10% stake. - The acquisition is for investment purposes with no intent to acquire management control.

Business Update Neutral

2026-10-10 13:23

- Maithan Alloys Limited has acquired a 0.20% stake (2,33,160 equity shares) in ESDS Software Solution Limited through the stock exchange. - Total cost of acquisition is ₹33.40 Crore. - The acquisition is for investment purposes with no intent to acquire management control.

Business Update Neutral

2026-10-09 15:29

- Maithan Alloys Limited has acquired 0.11% stake (128,155 equity shares) in ESDS Software Solution Limited through the stock exchange. - Total cost of acquisition is ₹18.15 Crore via cash consideration. - The acquisition is made for investment purposes with no intent to acquire management control. - ESDS Software Solution Limited reported a turnover of ₹378 Crore and PAT of ₹62 Crore for FY 2025-26.

Ownership Neutral

2026-10-09 15:29

- Maithan Alloys Limited has acquired 1,125,000 equity shares (0.07% stake) of HFCL Limited through the stock exchange. - Total cost of acquisition is Rs. 29.72 Crore, completed on 8th October 2026. - The acquisition is for investment purposes with no intent to acquire management control.

Ownership Neutral

2026-10-07 16:33

- Maithan Alloys Limited acquired 397,251 equity shares (0.03% stake) of HFCL Limited through the stock exchange on 6th October 2026. - Total cost of acquisition was ₹10.44 Crore, executed via cash consideration. - The acquisition is for investment purposes with no intent to acquire management control.

Ownership Neutral

2026-10-05 15:33

- Maithan Alloys Limited has acquired 25,27,000 equity shares (0.17% stake) of HFCL Limited through the stock exchange. - Total cost of acquisition is ₹60.09 Crore, completed on October 1, 2026. - The acquisition is for investment purposes with no intent to acquire management control. - HFCL Limited operates in the telecom infrastructure and defense equipment sector.

Routine Neutral

2026-09-24 15:34

- Trading window to remain closed from October 1, 2026. - Closure will continue until 48 hours after the declaration of financial results for the quarter and half year ended September 30, 2026. - Date of the Board Meeting will be informed in due course.

Ownership Neutral

2026-09-24 15:11

- Maithan Alloys Limited acquired 2,79,000 equity shares (0.24% stake) of ESDS Software Solution Limited through the stock exchange on September 23, 2026. - Total cost of acquisition was ₹50.19 crore in cash. - The acquisition is for investment purposes with no intention of acquiring management control.

Financials Positive

2026-09-22 16:05

- Final dividend of ₹6/- per share for FY 2025-2026; Record Date: 21 September, 2026. - Details on Tax Deducted at Source (TDS) for dividend payment provided. - Shareholders can submit documents for lower/nil TDS by 1 October, 2026. - Higher TDS (20%) for invalid PAN/unlinked Aadhaar.

Business Update Positive

2026-09-22 15:37

- Maithan Alloys Limited acquired 330,000 equity shares (0.05% stake) of One 97 Communications Limited (PayTM) for ₹60.19 Crore on September 21, 2026. - The acquisition is for long-term/short-term investment benefits and does not intend to acquire control or management of PayTM.

Business Update Positive

2026-09-22 15:35

- Maithan Alloys Ltd acquired 0.01% stake (11730 shares) in ESDS Software Solution Limited on September 21, 2026, for ₹1.90 Crore. - The acquisition is for long-term/short-term investment benefits, with no intent to gain control of the target entity.

Business Update Positive

2026-09-11 13:49

- Maithan Alloys Ltd acquired 0.65% (760,548 shares) of ESDS Software Solution Limited on September 10, 2026, for a total cost of ₹113.37 Crore. - The acquisition was made through the stock exchange for cash consideration, with the aim of reaping long-term/short-term investment benefits. - ESDS Software Solution Limited is an AI-enabled end-to-end IT service provider with a turnover of ₹378 Crore and PAT of ₹62 Crore as of March 31, 2026. - Maithan Alloys Limited does not intend to acquire control of the target entity.

Ownership Negative

2026-09-10 13:37

CRITICAL RED FLAG DETECTED

- NSE rejected Maithan Alloys' application for re-classification of certain promoters/promoter group (including Prahlad Rai Agarwalla) from 'Promoter' to 'Public' category. The rejection, dated September 09, 2026, cited unaddressed queries and prolonged non-response from the company. NSE suggested submitting a fresh application.

Business Update Positive

2026-09-10 13:21

- Maithan Alloys Limited acquired 0.06% (75,160 shares) of ESDS Software Solution Limited for ₹10.83 Crore on September 9, 2026. This acquisition is for long-term/short-term investment benefits. ESDS Software Solution Limited is an AI-enabled end-to-end IT service provider.

Business Update Positive

2026-09-09 14:00

- Maithan Alloys Limited acquired 0.33% (382,200 shares) of ESDS Software Solution Limited for ₹45.52 Crore. The acquisition, completed on September 8, 2026, is for long-term/short-term investment benefits and not for management control. ESDS Software Solution Limited is an AI-enabled end-to-end IT service provider.

Routine Neutral

2026-09-03 11:37

- Maithan Alloys Limited responded to NSE regarding a significant increase in its share trading volume. - The company confirmed that all necessary information has been disclosed and there is no other undisclosed information that could impact price or volume behavior.

Financials Positive

2026-08-13 19:02

- Board announced 41st Annual General Meeting (AGM) on 28th September 2026. - Fixed 21st September 2026 as the Record Date for the Final Dividend of ₹6/- per equity share for FY 2025-2026. - Dividend, if approved at AGM, will be paid on or after 7th October 2026.

Governance Neutral

2026-08-13 18:41

- Board approved enhanced Material Related Party Transaction limits with Maithan Ferrous Private Limited for FY2026-27 (₹800 Cr) and Apr-Sep 2027 (₹500 Cr). Shareholders' approval required. - Several new members were inducted into the Audit, CSR, Nomination & Remuneration, Stakeholders Relationship, and Risk Management Committees. - Mrs. Sonal Choubey resigned from the Stakeholders Relationship Committee but was inducted into the Audit Committee.

Governance Neutral

2026-08-13 18:12

- Board approved re-appointments of Mr. Naresh Kumar Jain, Mrs. Sonal Choubey, and Mr. Aayush Khetawat as Independent Directors for 5 years. - Mr. Chandra Prakash Kakarania and Dr. Ridhi Agarwala were appointed as Independent Directors for 5 years. All subject to shareholder approval.

Governance Neutral

2026-08-13 18:12

- Maithan Alloys' Board approved re-designations for executive directors, effective October 1, 2026. - Mr. Subhas Chandra Agarwalla is re-designated as 'Executive Chairman' from 'Chairman and Managing Director'. - Mr. Subodh Agarwalla is re-designated as 'Managing Director & Chief Executive Officer' from 'Whole-time Director and Chief Executive Officer'. - Their remuneration remains unchanged, and the changes are subject to shareholder approval.

Financials Neutral

2026-08-13 16:53

- Q1 FY27 Consolidated Operating Revenue ₹539.53 Cr vs ₹632.31 Cr (▼14.67% YoY) - EBITDA ₹90.83 Cr vs ₹65.40 Cr (▲38.88% YoY) - PAT ₹395.72 Cr vs ₹537.90 Cr (▼26.34% YoY) - EBITDA Margin 16.83% vs 10.34% (▲649 bps) - Other Income, primarily fair value gains on investments, decreased to ₹417.17 Cr from ₹648.86 Cr YoY, impacting overall PAT.

Business Update Positive

2026-08-05 12:23

- Maithan Alloys Ltd acquired 1,483,256 equity shares, representing a 0.29% stake, in Sterlite Technologies Limited. - The total cost of acquisition was ₹91.24 Crore. - The shares were acquired through the stock exchange as an investment to reap long-term/short-term benefits. - Maithan Alloys Ltd does not intend to acquire control of Sterlite Technologies Limited.

Governance Neutral

2026-08-04 20:05

- Board of Directors approved alteration of the Memorandum of Association (MOA) on August 4, 2026. - Changes include expanding scope for investing internal funds in capital markets for treasury management and facilitating corporate restructuring. - Subject to shareholder approval.

Routine Neutral

2026-08-04 19:52

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Maithan Alloys Limited

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