Foseco Crucible (India) Limited has executed a significant board reshuffle, appointing three new directors while accepting the resignations of three existing members. The new appointments of Christopher Graham Lewis, Juliette Catherine Lowes, and Sunil Kumar Chaturvedi took effect on July 25, 2026, immediately following the cessation of Henry Knowles, Mark Collis, and Rashmi Joshi on July 24, 2026. This transition alters the composition of the Board’s key committees, including the Audit, Nomination and Remuneration, and Risk Management committees.

The appointments were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The Board approved the appointments by circulation based on the recommendation of the Nomination and Remuneration Committee. All three incoming directors have been appointed as Additional Directors until the date of the ensuing Annual General Meeting.

Christopher Graham Lewis and Juliette Catherine Lowes have been appointed as Non-Executive, Non-Independent Directors. Both are liable to retire by rotation at the ensuing AGM. Lewis, a British national and professional solicitor, holds directorships in Foseco International Limited and Vesuvius UK Limited. Lowes, a UK national and Chartered Accountant, serves as Group Head of Finance at Vesuvius and previously held senior finance roles at Tyman plc.

Sunil Kumar Chaturvedi has been appointed as a Non-Executive, Independent Director. Unlike his non-independent counterparts, he is not liable to retire by rotation. Chaturvedi is a Fellow Chartered Accountant and the Chairman & Managing Director of Gainwell Commosales Private Limited. He brings extensive experience from his tenure as an Indian Administrative Service (IAS) officer and senior leadership roles at Bharat Forge Limited.

The outgoing directors confirmed no material reasons for their resignations other than personal commitments. Rashmi Joshi stated her resignation was driven by a desire to create bandwidth for other projects. Henry Knowles and Mark Collis also cited no material reasons. Joshi holds directorships in several listed entities, including Bhart Forge Limited, Orkla India Limited, Elevate Campuses Limited, and Vesuvius India Limited, where she serves in various committee roles.

Board Composition Changes

What the Numbers Show

The simultaneous exit of two non-independent directors and one independent director, replaced by two non-independent and one independent director respectively, maintains the balance between executive and independent oversight on the Board. The entry of Lewis and Lowes, both with ties to Vesuvius entities, signals strengthened alignment with the parent group’s strategic direction. Chaturvedi’s appointment adds independent governance expertise with a background in public administration and manufacturing.

Foseco Crucible (India) Ltd has closed its trading window for dealing in the company's securities from July 1, 2026, until 48 hours after the conclusion of its board meeting regarding Q1FY26 financial results. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct for the prevention of insider trading.

The trading restriction applies to promoters, members of the promoter group, directors, and designated persons or employees of the company. The closure is effective immediately prior to the financial results for the quarter ending June 30, 2026, being considered by the board.

The company has stated that the specific date for the board meeting to consider and approve the financial results will be communicated separately in due course. The window will reopen 48 hours after the conclusion of this meeting.

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