Foseco India schedules physical analyst meet with SBI Mutual Fund

scanx
Reviewed by
Ashish TScanX News Team
Key Highlights
  • Foseco India hosts physical meet with SBI Mutual Fund on September 8, 2026
  • Session runs from 10:30 am to 3:00 pm as per SEBI LODR norms
  • Only public domain information will be discussed at the event
  • Schedule subject to change due to operational exigencies
powered bylight_fuzz_icon
50000723

*this image is generated using AI for illustrative purposes only.

Foseco India Limited will host a physical meeting with equity analysts and institutional investors on September 8, 2026. The session is scheduled to begin at 10:30 am and conclude at 3:00 pm.

The company notified the Bombay Stock Exchange and National Stock Exchange of India Limited regarding the engagement. SBI Mutual Fund is the designated investor for this session.

Meeting Details

Date Time Investor Mode
September 8, 2026 10:30 am to 3:00 pm SBI Mutual Fund Physical

Mahendra Kumar Dutia, Controller of Accounts and Company Secretary, signed the intimation filed on September 3, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Compliance Note

The company stated that only information available in the public domain will be discussed. No unpublished price-sensitive information will be shared during the meeting. The schedule remains subject to change based on exigencies.

This information is also hosted on the company website.

Historical Stock Returns for Foseco

1 Day5 Days1 Month6 Months1 Year5 Years
+0.01%-2.79%+11.19%+20.82%-1.20%0.0%

How might SBI Mutual Fund's dedicated physical engagement signal a potential shift in their stake size or confidence in Foseco India's long-term growth strategy?

What specific operational or financial metrics are analysts likely to prioritize during the September 8 session given the current market conditions for specialty chemicals?

Could this meeting precede any upcoming regulatory filings, earnings revisions, or strategic announcements from Foseco India in the near term?

Morganite Crucible sells entire 7.84% stake in Foseco India

scanx
Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Morganite Crucible Limited sold its entire 590,744 share stake (7.84%) in Foseco India
  • The sale was executed via block trade on August 27, 2026
  • Morgan Terrassen B.V. also exited, selling its 7.43% stake simultaneously
  • Both entities now hold zero shares in the foundry products manufacturer
powered bylight_fuzz_icon
49456976

*this image is generated using AI for illustrative purposes only.

Morganite Crucible Limited has disposed of its entire equity stake in Foseco India Limited , selling 590,744 shares representing 7.84% of the company’s voting capital. The transaction was executed via a block trade on August 27, 2026.

The sale brings Morganite Crucible Limited’s holding in the foundry products manufacturer to zero. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Complete Exit by Seller and PAC

Morganite Crucible Limited acted in concert with Morgan Terrassen B.V. for this disposal. Prior to the transaction, the two entities collectively held 15.27% of Foseco India’s total share voting capital.

Following the block trade:

  • Morganite Crucible Limited sold all 590,744 shares it held.
  • Morgan Terrassen B.V. simultaneously sold its entire holding of 560,056 shares (7.43%).

Both entities now hold zero shares in the target company. The total diluted share capital of Foseco India remains unchanged at 75,37,259 equity shares of ₹10 each, totaling ₹7,53,72,590.

What the Numbers Show

The coordinated exit of both Morganite Crucible Limited and its person acting in concert (PAC), Morgan Terrassen B.V., marks a complete divestment by this group from Foseco India. The simultaneous sale of the entire combined stake of 15.27% suggests a strategic exit rather than a partial portfolio rebalancing. No encumbrances or convertible securities were involved in the transaction.

Historical Stock Returns for Foseco

1 Day5 Days1 Month6 Months1 Year5 Years
+0.01%-2.79%+11.19%+20.82%-1.20%0.0%

How might the complete exit of this 15.27% stake impact Foseco India's promoter holding structure and corporate governance dynamics?

Could the simultaneous block trade by Morganite Crucible and its PAC signal a broader strategic shift or divestment trend by the parent group in emerging markets?

What are the potential short-term implications for Foseco India's stock price volatility given the sudden removal of a significant institutional block holder?

More News on Foseco

1 Year Returns:-1.20%