Foseco Crucible meets minimum public shareholding norms
Foseco Crucible (India) Limited achieved compliance with minimum public shareholding norms after promoter Foseco India Limited sold 99,081 shares. The sale reduced promoter holding to 75.00%, adhering to SEBI and SCRR regulations.

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Foseco Crucible (India) Limited has successfully met the minimum public shareholding requirements after its promoter, Foseco India Limited, sold 99,081 equity shares in the open market. The sale, representing 1.77% of the total paid-up equity share capital, was executed in multiple tranches to comply with regulatory norms. Consequently, the aggregate promoter and promoter group shareholding now stands at 42,00,000 equity shares, or 75.00% of the total paid-up capital.
The transaction was completed to adhere to the provisions of Regulation 7(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Rule 19(2)(b) and 19(A) of the Securities Contracts (Regulation) Rules, 1957. Additionally, the move aligns with Regulation 38 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the relevant SEBI master circular.
The company confirmed that the entire sale of equity shares was finalized within the timeline specified in its earlier intimation dated May 15, 2026. The disclosure was submitted to BSE Limited to ensure transparency and continued compliance with applicable SEBI regulations.
Shareholding Details
| Shareholder Category | Post-Transaction Shareholding | Percentage of Total Paid-Up Capital |
|---|---|---|
| Promoter and Promoter Group | 42,00,000 | 75.00% |
| Public Shareholding | 14,00,000 | 25.00% |
The equity shares sold have a face value of INR 5 each. Foseco Crucible (India) Limited, formerly known as Morganite Crucible (India) Limited, has updated its corporate governance records to reflect these changes.
Historical Stock Returns for Foseco Crucible
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.84% | +5.68% | +20.82% | -5.43% | -0.64% | +76.99% |
Will the increased public float lead to higher trading volumes for Foseco Crucible shares?
How might the reduction in promoter holding influence the company's future strategic decisions?
Is Foseco India Limited likely to divest additional shares to further diversify ownership?































