Foseco India Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the appointment of Mr. Henry James Knowles (DIN: 08751453) as a Non-Executive Director of the Company. The remote e-voting process, conducted pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concluded on May 10, 2026, at 05:00 PM (IST), with the resolution deemed passed on the same date.

Postal Ballot Process and Timeline

The Board of Directors issued the Postal Ballot Notice dated April 9, 2026, following a board resolution passed on April 8, 2026, which also appointed Jayavant B. Bhave of J. B. Bhave & Co., Company Secretaries, Pune (Membership No.: F4266, Certificate of Practice No.: 3068), as the Scrutinizer for the e-voting process. The notice was sent to all eligible members on April 9, 2026, and an advertisement informing the completion of dispatch was published in Business Standard (English) and Loksatta (Marathi) on April 11, 2026.

Key dates in the postal ballot process are summarised below:

Voting Results for Resolution 1

The Scrutinizer's Report dated May 11, 2026 confirmed that the resolution secured the requisite majority. The following tables detail the voting outcome:

Votes in Favour of the Resolution:

Votes Against the Resolution:

Category-Wise Voting Breakdown

The detailed category-wise voting results, as reported by the Scrutinizer, are presented below:

Notably, the Promoter and Promoter Group cast 100.0000% of their votes in favour of the resolution, while Public Institutional investors also voted entirely in favour. Votes against the resolution came solely from the Public – Non Institutions category, accounting for 306 votes.

Declaration and Disclosure

Mahendra Kumar Dutia, Controller of Accounts and Company Secretary of Foseco India Limited, communicated the results to BSE Limited and the National Stock Exchange of India Limited on May 11, 2026. The Scrutinizer's Report and e-voting results have been made available on the Company's website at https://www.fosecoindia.com/en/investors/e-voting.html and on the National Securities Depository Limited (NSDL) website at https://www.evoting.nsdl.com/ . The e-votes were unblocked from the NSDL e-voting website at 10:29 AM on May 11, 2026, in the presence of two independent witnesses. Foseco India Limited is a brand of the Vesuvius Group.

Foseco India Limited 's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended March 31, 2026, at its meeting held on May 12, 2026. The Board also approved the re-appointment of Ernst & Young LLP, Pune, as the Internal Auditor for a period of one year effective from April 1, 2026. The statutory auditors, Price Waterhouse Chartered Accountants LLP, conducted a limited review of both standalone and consolidated financial results and issued unmodified reports.

Standalone Financial Performance

On a standalone basis, Foseco India reported strong revenue growth for Q4 FY26. Revenue from operations stood at ₹16,270.26 lakhs, compared to ₹14,851.49 lakhs in the corresponding quarter of the previous year. Total income from operations, including other income of ₹543.01 lakhs, was ₹16,813.27 lakhs. Net profit for the quarter was ₹2,396.17 lakhs, with basic and diluted EPS at ₹31.79.

Consolidated Financial Performance

On a consolidated basis, Foseco India's performance reflected the inclusion of its subsidiary, Foseco Crucible (India) Limited (formerly known as Morganite Crucible (India) Limited). Consolidated revenue from operations for Q4 FY26 rose to ₹20,187.96 lakhs from ₹14,851.49 lakhs in the corresponding prior-year period. Net profit for the period stood at ₹3,348.69 lakhs, with net profit attributable to owners of the parent at ₹3,381.10 lakhs. Consolidated basic and diluted EPS came in at ₹44.86 for the quarter.

Exceptional Items and Corporate Developments

The consolidated results for Q4 FY26 include an exceptional income of ₹216.37 lakhs, representing a reversal of a provision pertaining to the subsidiary. This reversal followed additional clarifications issued by the Ministry of Labour & Employment, which led management to reassess the liability towards gratuity and compensated absences related to Foseco Crucible (India) Limited. In the preceding quarter, exceptional expenses of ₹1,686.40 lakhs had been recognised. The Board also noted that the Open Offer for Foseco Crucible (India) Limited concluded on January 13, 2026, with 99,081 shares tendered by public shareholders for a consideration of ₹1,542.84 lakhs, out of ₹21,810 lakhs deposited in the Escrow Account for the purpose of the Open Offer.

Subsidiary Performance and Auditor Details

The subsidiary, Foseco Crucible (India) Limited, reported total revenue from operations of ₹3,735.20 lakhs, a net loss after tax of ₹139.61 lakhs, and total comprehensive income of ₹(75.68) lakhs for the quarter. The subsidiary's interim financial information was reviewed by separate auditors under SRE 2410, who issued an unmodified conclusion. The company operates in a single reportable segment — metallurgical products and services — in accordance with Ind AS 108. The financial results were prepared in compliance with Ind AS 34 and Regulation 33 of the SEBI Listing Regulations.