Maithan Alloys Limited, a prominent manufacturer of ferroalloys and a reputed name in the metals industry, has successfully acquired 1 lakh equity shares of the National Stock Exchange of India Limited (NSE) for a total consideration of ₹15.75 crore. The transaction, which was subject to obtaining in-principal approval from NSE, has now been completed, further strengthening Maithan Alloys' investment portfolio.

Background of the Transaction

On 18th December 2024, Maithan Alloys had intimated the stock exchanges regarding its decision to enter into an agreement for the purchase of 1 lakh equity shares of NSE. The acquisition was to be concluded by 31st March 2025, subject to receiving the requisite approvals from NSE.

Following the submission of necessary documents and compliance with regulatory requirements, NSE granted its in-principal approval, allowing Maithan Alloys to proceed with the acquisition. The company has now confirmed that the transaction was successfully completed on 26th March 2025 and the credit of shares was reflected in the company’s account on 27th March 2025 at 12:54 PM.

Details of the Acquisition

• Number of Shares Acquired: 1,00,000 equity shares of NSE

• Total Purchase Consideration: ₹15.75 crore

• Date of Agreement: 18th December 2024

• Date of Completion: 26th March 2025

• Date of Credit of Shares: 27th March 2025 at 12:54 PM

Significance of the Acquisition

This acquisition marks a strategic move by Maithan Alloys to diversify its portfolio by investing in India’s largest stock exchange. By acquiring a stake in NSE, the company aims to leverage opportunities in the Indian financial markets, which have been witnessing significant growth in recent years. The move also reflects Maithan Alloys’ commitment to expanding its financial and strategic investments, ensuring long-term growth and stability.

Compliance with SEBI Regulations

Maithan Alloys Limited has ensured complete compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024. The necessary disclosures regarding the acquisition were made to the relevant stock exchanges, ensuring transparency and adherence to regulatory requirements.

Communication with Stock Exchanges

Following the successful completion of the acquisition, Maithan Alloys has duly informed the following stock exchanges:

1. The Calcutta Stock Exchange Limited (CSE): Maithan Alloys communicated the development to CSE, where its shares are listed under Scrip Code: 10023915.

2. National Stock Exchange of India Limited (NSE): The company also updated NSE about the completion of the acquisition. The company's shares are listed on NSE under Scrip Code: MAITHANALL.

3. BSE Limited (BSE): Maithan Alloys has also submitted the requisite disclosure to BSE Limited where its shares are listed under Scrip Code: 590078.

Strategic Implications for Maithan Alloys

The successful completion of this transaction is a reflection of Maithan Alloys' commitment to strengthening its financial standing and exploring growth opportunities beyond its core business. The acquisition of NSE shares aligns with the company’s strategy to invest in high-growth sectors and strengthen its market presence.

Corporate Governance and Compliance

As part of its commitment to maintaining high standards of corporate governance, Maithan Alloys Limited has ensured that all statutory and regulatory requirements have been complied with in this transaction. The disclosure has been made under Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring complete transparency and timely communication with stakeholders.

Future Outlook

With the successful completion of this acquisition, Maithan Alloys is well-positioned to explore further investment opportunities in India's dynamic financial sector. The company's strategic investment in NSE will likely enhance its financial position and open new avenues for growth.

Key Takeaways

• Transaction Completion: Maithan Alloys completed the acquisition of 1 lakh NSE shares for ₹15.75 crore.

• NSE Approval: The transaction received in-principal approval from NSE.

• Regulatory Compliance: The company adhered to SEBI’s LODR Regulations and ensured timely disclosure.

In conclusion, Maithan Alloys Limited’s strategic acquisition of NSE shares highlights its forward-looking approach and dedication to exploring new opportunities. This move is expected to further enhance the company’s position in the Indian financial landscape while contributing to its long-term growth trajectory.

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