Foseco India Limited has announced that its board of directors will convene to review the potential issuance of new securities. This development comes as part of the company's strategic financial planning process.

Board Meeting Details

According to a recent regulatory filing, the board meeting is scheduled for Friday, August 22, 2025. The agenda includes considering the issuance of equity shares and/or other securities through preferential allotment, subject to necessary approvals under applicable laws.

Key Points of Consideration

• Securities Issuance: The board will deliberate on the issuance of new equity shares or other securities.
• Preferential Allotment: The proposed issuance may be conducted through a preferential allotment mechanism.
• Shareholder Approval: If required, the board will consider convening a shareholders' meeting to obtain approval for the proposed issuance.

Trading Window Closure

In line with regulatory requirements and to ensure fair trading practices, Foseco India has announced a trading window closure:

• Closure Period: August 20, 2025, to August 24, 2025 (both days inclusive)
• Applicable to: All specified persons as defined in the company's code, in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015

Implications and Next Steps

The outcome of this board meeting could have significant implications for Foseco India's capital structure and future growth strategies. Shareholders and potential investors are advised to await further announcements from the company regarding the decisions made during the upcoming board meeting.

Foseco India Limited, a key player in the foundry industry, continues to explore avenues for strengthening its financial position and supporting its business objectives through these potential capital market activities.

Foseco India Limited , a leading manufacturer of metallurgical products and services, has announced the appointment of Manuel Antonio Delfino Aguilera as a Non-Executive Non-Independent Director, effective July 30, 2025. The appointment comes as part of the company's efforts to strengthen its board and bring in global expertise.

New Director's Profile

Mr. Aguilera, a 46-year-old Italian citizen, brings a wealth of experience to Foseco India's board. He holds a degree in Metallurgy from Universidad Nacional Experimental Politécnica (UNEXPO) and an MBA from Instituto de Estudios Superiores de Administración (IESA) in Venezuela. Additionally, he has completed the Advanced Management Program at INSEAD business school in France.

Professional Background

With an impressive career spanning over two decades, Mr. Aguilera currently serves as the President of the Foundry Technologies Business Unit of Vesuvius plc, a position he assumed on July 1, 2025. His extensive experience within the Vesuvius Group, which he joined in September 2003, includes roles across Steel, Foundry, and Sensors and Probes divisions. Prior to his current role, he held the position of Vice President, Flow Control North America.

Board Appointment Details

The Board of Directors of Foseco India, in its meeting held on July 29, 2025, approved Mr. Aguilera's appointment based on the recommendation of the Nomination and Remuneration Committee. As a nominee of the holding company, Foseco Overseas Limited, Mr. Aguilera will be liable to retire by rotation.

Committee Reconstitution

Following Mr. Aguilera's appointment, Foseco India has reconstituted three key board committees:

1. Stakeholders' Relationship Committee
2. Corporate Social Responsibility Committee
3. Risk Management Committee

Mr. Aguilera has been inducted as a member of all three committees, effective July 30, 2025.

Company Statement

Mahendra Kumar Dutia, Controller of Accounts & Company Secretary of Foseco India Limited, stated in the company's filing, "The Board of Directors have confirmed that Mr. Delfino Aguilera has not been debarred from holding the office of Director by virtue of any order of the SEBI or any other authority."

Market Impact

While the immediate market impact of this appointment remains to be seen, the addition of Mr. Aguilera to Foseco India's board is expected to bring global insights and strategic expertise to the company's operations in India.

Foseco India Limited continues to focus on strengthening its leadership team and corporate governance structures as it navigates the dynamic metallurgical industry landscape.

Note: This article is based on the company's regulatory filing and does not include any forward-looking statements or financial projections.