Maithan Alloys buys ₹38.72 crore of Sterlite Technologies shares

The acquisition in numbers

Why the purchase was made under Regulation 30

The filing says the disclosure was submitted consequent upon triggering of a threshold limit under Regulation 30 of the SEBI (LODR) Regulations, 2015. Regulation 30 requires listed companies to disclose certain events to the stock exchanges.

The filing gives 19 Oct 2026 at 3:30 P.M. as the time of the event and says the acquisition has been completed. It gives the reason for the late filing as ongoing Durga Puja holidays in West Bengal till 21 Oct 2026.

Maithan Alloys' stated intent and the target's business

Maithan Alloys says the shares were acquired as part of its investment, with a view to reap long-term or short-term investment benefits, and that it does not intend to acquire control of Sterlite Technologies' management.

Sterlite Technologies, according to the filing, manufactures optical fibres, optical fibre cables and optical connectivity products through nine facilities in India, Italy, the United States and China. Its turnover for FY 2025-26 was ₹2446 crore, with a profit after tax of ₹2 crore and networth of ₹1526 crore as at 31 Mar 2026.

What the purchase means for Maithan Alloys' shareholders

The purchase adds a listed equity stake in a telecom equipment maker to Maithan Alloys' investments, for a cost of ₹38.72 crore paid in cash. The company, which makes ferro alloys, says it is an investment and not a move towards control.

The filing does not say what price was paid per share, what funds were used, what Maithan Alloys' total holding in Sterlite Technologies is after the purchase, or what effect the purchase will have on Maithan Alloys' own results, assets or finances. The filing does not give a next dated step.

Reference: Original filing (PDF)