Foseco India Limited has successfully completed the sale of 99,081 equity shares in its subsidiary, Foseco Crucible (India) Limited (FCIL), for an aggregate consideration of approximately INR 11,99,72,779. The transaction was executed in multiple tranches through the open market route to enable FCIL to meet the minimum public shareholding requirements prescribed under SEBI regulations. The shares sold constituted 1.77% of the total paid-up equity share capital of FCIL.

Consequent to the sale, Foseco India's shareholding in FCIL has reduced to 42,00,000 equity shares, representing 75.00% of the total paid-up equity share capital of the subsidiary. This reduction ensures that FCIL now complies with the minimum public shareholding norms mandated by the Securities Contracts (Regulation) Rules, 1957 (SCRR) and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations).

The compliance was driven by the requirements of Regulation 7(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations), Rule 19(2)(b) and 19(A) of the SCRR, and Regulation 38 of the SEBI LODR Regulations. The company confirmed that the entire sale was completed within the timeline mentioned in its earlier intimation dated 12 May 2026.

Transaction Details

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the SEBI LODR Regulations. Mahendra Kumar Dutia, Controller of Accounts and Company Secretary of Foseco India Limited, confirmed that the intimation was made to ensure continued transparency and compliance with applicable SEBI regulations.

Foseco India Limited has revised its schedule of meetings with equity analysts and mutual funds, cancelling the session with Susquehanna International Group on June 18, 2026. The company will instead host a virtual meeting with LIC Mutual Fund on the same date and time. This update is part of a series of engagements intended to discuss business performance and strategy, adhering strictly to regulatory guidelines that prohibit the disclosure of unpublished price sensitive information (UPSI).

The revised meeting is scheduled for Thursday, June 18, 2026, at 2 pm IST. The company emphasized that discussions will be limited to information already available in the public domain. The schedule remains subject to change due to exigencies on the part of the analysts or the company. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited under Regulation 30 of the SEBI (LODR) Regulations, 2015.

The following table outlines the updated schedule for the meetings:

The intimation was signed by Mahendra Kumar Dutia, Controller of Accounts and Company Secretary, on behalf of Foseco India Limited. Foseco operates as a brand of the Vesuvius Group. The information is also available on the company’s official website.