The board of Foseco India approved the allotment of 590,744 equity shares of face value of Rs 10 each to Morganite Crucible and 5,60,056 equity shares of face value of Rs 10 each to Morgan Terrassen B.V., on preferential basis, for consideration other than cash. Powered by Capital Market - Live News

Net profit of Foseco India declined 13.80% to Rs 16.49 crore in the quarter ended September 2025 as against Rs 19.13 crore during the previous quarter ended September 2024. Sales rose 7.08% to Rs 150.72 crore in the quarter ended September 2025 as against Rs 140.75 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales150.72140.75 7 OPM %18.2817.02 - PBDT31.1028.17 10 PBT28.5925.80 11 NP16.4919.13 -14 Powered by Capital Market - Live News

Foseco India will hold a meeting of the Board of Directors of the Company on 6 November 2025.Powered by Capital Market - Live News

Foseco India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 21 September 2025.Powered by Capital Market - Live News

Foseco India has executed a definitive agreement to acquire a 75% stake in Morganite Crucible (India) (MCIL), from its current promoters viz. Morganite Crucible and Morgan Terrassen B.V., part of Morgan Group of companies, to increase its exposure to the Foundry business in India. MCIL is the holding company for the Molten Metals Systems (MMS) business in India, a provider of high-tech crucibles, particularly for non-ferrous applications. FIL is acquiring a 75.00% shareholding in MCIL the consideration for which shall be payable by FIL through issuing and allotting 1,150,800 fresh equity shares of FIL using a swap ratio of 274 FIL shares for every 1000 MCIL shares. The proposed acquisition will also trigger a mandatory open offer by FIL to acquire up to 25.00% shareholding of MCIL from its public shareholders in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended from time to time.The completion of the proposed acquisition is subject to the receipt of customary approvals required from certain regulatory bodies, shareholders of FIL, and the completion of identified pre-completion covenants under the definitive agreement and is likely to be completed by early October 2025. This proposed acquisition aligns with the larger acquisition of the worldwide MMS business by the Vesuvius Group from the Morgan Group. The rationale for the proposed acquisition is to expand the Vesuvius Group`s Foundry business into the faster-growing non-ferrous market segment and to India, in line with the Group`s strategic ambitions. The global MMS business is complementary to the Vesuvius Group`s Foundry business and will also increase the Vesuvius Group`s global Foundry business`s exposure to the Indian market. Substantial cost synergies are expected to create value for the Vesuvius Group. Powered by Capital Market - Live News