Foseco India schedules analyst and investor meets on June 29-30, 2026

1 min read     Updated on 24 Jun 2026, 12:00 AM
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Foseco India Limited has scheduled meetings with equity analysts and institutional investors on June 29 and June 30, 2026. The company clarified that only public domain information will be discussed. The schedule includes physical and virtual sessions with entities such as LIC Mutual Fund, Goldman Sachs Asset Management, and ICICI Prudential Asset Management Company.

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Foseco India Limited has scheduled a series of meetings with equity analysts and institutional investors on June 29 and June 30, 2026. The company confirmed that only information available in the public domain will be discussed during these sessions, and no unpublished price sensitive information will be shared.

The meetings are being conducted pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The schedule includes both physical and virtual interactions with various mutual funds and asset management companies.

The following table outlines the schedule for the investor meets:

Date From Time To Time Investor Name Mode of Meeting
29th June 2026 10:30am 12:30pm LIC Mutual Fund, Baroda BNP Paribas Mutual Fund, Quest Investment Advisors, Carnelian Capital, JM Financial Mutual Fund Physical
29th June 2026 02:00pm 03:00pm Goldman Sachs Asset Management (GSAM) Virtual
30th June 2026 02:00pm 03:00pm 360 ONE Asset Management Limited Virtual
30th June 2026 03:30pm 04:30pm ICICI Prudential Asset Management Company Limited Virtual

Foseco India noted that the schedule is subject to change due to exigencies on the part of the analysts or the company. The disclosure was submitted by Mahendra Kumar Dutia, Controller of Accounts and Company Secretary.

Historical Stock Returns for Foseco

1 Day5 Days1 Month6 Months1 Year5 Years
-0.94%+1.37%+1.51%+3.48%+12.31%+271.96%

What specific growth drivers or sector trends is Foseco India likely to emphasize during these investor interactions?

How might the engagement with major institutional investors like LIC and Goldman Sachs influence Foseco India's stock liquidity?

Could the timing of these meetings suggest an upcoming strategic shift or capital allocation plan for the company?

Foseco India completes sale of FCIL shares for INR 11.99 Cr

1 min read     Updated on 23 Jun 2026, 02:01 AM
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Foseco India Limited has completed the sale of 99,081 equity shares in its subsidiary, Foseco Crucible (India) Limited (FCIL), for INR 11,99,72,779 via the open market. This sale, representing 1.77% of FCIL's capital, reduces the parent company's stake to 75.00%, ensuring compliance with SEBI's minimum public shareholding requirements under the SCRR and SEBI LODR Regulations.

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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

Parameter Details
Subsidiary Foseco Crucible (India) Limited (FCIL)
Shares Sold 99,081 equity shares
Percentage Sold 1.77% of total paid-up capital
Aggregate Consideration INR 11,99,72,779
Post-Sale Holding 42,00,000 equity shares (75.00%)

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.

Historical Stock Returns for Foseco

1 Day5 Days1 Month6 Months1 Year5 Years
-0.94%+1.37%+1.51%+3.48%+12.31%+271.96%

How will the influx of approximately INR 12 crore from the share sale impact Foseco India's capital allocation strategy?

What is the expected impact on Foseco India's consolidated financials following the reduction of its stake in FCIL to 75%?

Will Foseco India look to further divest its holding in FCIL, or will it maintain the 75% stake for the foreseeable future?

More News on Foseco

1 Year Returns:+12.31%