Foseco India Limited has announced an extension to the Long Stop Date for its share purchase agreement to acquire a 75% stake in Morganite Crucible (India) Limited (MCIL). The deadline has been pushed from October 15, 2025, to October 31, 2025, as mutually agreed upon by both parties.

Key Details of the Acquisition

Reasons and Implications

The extension of the Long Stop Date suggests that the parties involved require additional time to complete the necessary closing formalities. This development does not indicate any changes to the core terms of the agreement as previously disclosed on August 22, 2025.

Other Corporate Updates

In addition to the acquisition news, Foseco India Limited has made two other significant announcements:

1. Appointment of Senior Management: The company has appointed Mrs. Prachee Chirag Sonchal as the Director – Human Resources, effective November 3, 2025. Mrs. Sonchal brings over 21 years of experience in strategic HR initiatives across multiple sectors.

2. Increase in Trading Volume: Foseco India has acknowledged a significant increase in the trading volume of its securities across stock exchanges. The company has confirmed that it has made timely disclosures of all material events and price-sensitive information, and there are no pending announcements that could affect the stock's price or volume behavior.

These developments collectively paint a picture of a company in transition, with ongoing corporate actions and increased market interest. Investors and market watchers will likely keep a close eye on Foseco India as it moves towards completing its significant acquisition of Morganite Crucible (India) Limited.

Foseco India Limited , a prominent player in the Indian manufacturing sector, has announced a significant addition to its leadership team. The company has appointed Mrs. Prachee Chirag Sonchal as the Director of Human Resources, effective November 3, 2025.

Appointment Details

The appointment of Mrs. Sonchal was approved by the Board of Directors on October 15, 2025, following a recommendation from the Nomination & Remuneration Committee. This strategic move aims to strengthen Foseco India's human resource management and organizational development.

About Prachee Chirag Sonchal

Mrs. Sonchal brings a wealth of experience to her new role at Foseco India:

Terms of Appointment

This appointment is expected to contribute significantly to Foseco India's human resource strategies and organizational development initiatives. As the company continues to evolve in a competitive market, Mrs. Sonchal's extensive experience across multiple sectors could prove invaluable in driving employee engagement, talent acquisition, and organizational transformation.

Foseco India Limited has made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating its commitment to transparent corporate governance and timely disclosure of material events to its stakeholders.