Maithan Alloys buys about 0.20% of ESDS Software Solution for ₹33.40 crore
- Mergers & acquisitions
Maithan Alloys Limited has told the exchanges that it bought equity shares of ESDS Software Solution Limited through the stock exchange on 9 Oct 2026, at a total cost of ₹33.40 crore in cash. The filing was made on 10 Oct 2026 under Regulation 30 of the SEBI listing rules, because the purchase crossed the threshold that requires disclosure.
The shares are about 0.20% of ESDS’s equity. The company says the event happened at 3:30 PM on 9 Oct 2026 and that it became aware of the details at 11:55 AM on 10 Oct 2026. Maithan says the shares form part of its investments, made to earn long-term or short-term investment benefits, and that it does not intend to acquire control of ESDS’s management.
The filing describes ESDS as being in IT-enabled services, with turnover of ₹378 crore, profit after tax of ₹62 crore and net worth of ₹520 crore as of 31 Mar 2026. The acquisition is not a related party transaction and is stated to be at arm’s length.
Inference
The company describes the holding as an investment and not a step towards control, and the stake is small at about 0.20% of ESDS.
The filing does not say whether Maithan plans to buy more ESDS shares.
Reference: Original filing (PDF)
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