Maithan Alloys Limited has officially announced the successful completion of its acquisition of 1.99 lakh equity shares of the National Stock Exchange of India Limited (NSE), valued at approximately ₹31.24 crore. The company had previously informed the stock exchanges on 13th December 2024 about entering into an Agreement to acquire these shares, subject to the necessary in-principal approval from NSE. The transaction was expected to be concluded on or before 31st March 2025.

In an official disclosure dated 28th March 2025, Maithan Alloys confirmed that NSE has granted its in-principal approval for the transaction. The company successfully received the credit of 1.99 lakh shares of NSE in accordance with the terms outlined in the agreement. Consequently, the acquisition was formally completed on 27th March 2025, and the company became aware of the share credit on 28th March 2025, at 12:15 PM.

Background of the Transaction

Maithan Alloys had initially communicated its intention to acquire NSE shares through a formal letter to the stock exchanges on 13th December 2024. The purchase of these shares was valued at ₹31.24 crore, and the completion of the transaction was contingent upon receiving NSE's approval. The company's proactive approach in securing approval highlights its commitment to ensuring regulatory compliance and transparency in all its business transactions.

Regulatory Compliance and Disclosure

The disclosure regarding the acquisition has been made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015. Additionally, the information has been provided in line with the Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 issued by the Securities and Exchange Board of India (SEBI).

The timely disclosure ensures that shareholders, regulators, and the investing community remain well-informed about significant corporate actions undertaken by Maithan Alloys.

Details of the Acquisition

• Transaction Date: 13th December 2024 (Agreement Signing Date)

• Completion Date: 27th March 2025

• Share Quantity: 1.99 lakh equity shares of NSE

• Transaction Value: ₹31.24 crore

• Approval by NSE: In-principal approval granted before 27th March 2025

Impact on Maithan Alloys

This acquisition marks a strategic investment by Maithan Alloys, positioning the company to benefit from its association with NSE, one of India’s premier stock exchanges. By acquiring equity in NSE, Maithan Alloys enhances its exposure to the growth and performance of India's capital markets, potentially adding long-term value for its shareholders.

The acquisition also reflects Maithan Alloys' efforts to diversify its portfolio and strengthen its financial position by investing in prominent market institutions.

Compliance with SEBI Regulations

Maithan Alloys has reiterated its commitment to compliance with SEBI's regulatory framework, ensuring that all necessary approvals and disclosures are adhered to. The company has disclosed this information under the guidelines laid down by Regulation 30 and Schedule III of SEBI’s LODR Regulations and in accordance with the Master Circular issued on 11th November 2024.

Key Dates to Note

• 13th December 2024: Agreement signed for acquisition of NSE shares

• 27th March 2025: Transaction concluded with credit of NSE shares

• 28th March 2025: Maithan Alloys became aware of the share credit at 12:15 PM

Future Implications and Strategic Advantage

By acquiring a stake in NSE, Maithan Alloys positions itself as a stakeholder in a leading financial institution that plays a crucial role in India's capital market ecosystem. This move could provide Maithan Alloys with long-term strategic advantages, including potential dividends, enhanced market credibility, and an opportunity to participate in NSE's future growth.

Furthermore, such investments can strengthen Maithan Alloys' financial profile and contribute to improving its overall shareholder value.

Conclusion

Maithan Alloys Limited’s acquisition of 1.99 lakh shares of NSE is a well-planned strategic move aimed at fortifying its investment portfolio and securing long-term growth opportunities. The transaction, valued at ₹31.24 crore, was successfully completed after securing NSE's necessary approvals. The disclosure has been made in compliance with SEBI regulations, ensuring that the company's actions remain transparent and aligned with regulatory guidelines.

The completion of this acquisition underscores Maithan Alloys’ commitment to enhancing shareholder value and participating in India's dynamic financial markets. As the company continues to explore new growth avenues, this investment in NSE is expected to yield positive long-term returns for its stakeholders.

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