In a notable corporate action, the promoters of Morganite Crucible (India) Limited have engaged in a substantial share transaction with Foseco India Limited. The deal involves the sale of a significant number of equity shares by the promoters through off-market transactions.

Transaction Details

The transaction involves two key promoter entities of Morganite Crucible (India) Limited:

This off-market transaction represents a strategic move by the promoters, potentially altering the ownership structure of Morganite Crucible (India) Limited.

Regulatory Compliance

In adherence to the Securities and Exchange Board of India (SEBI) regulations, specifically the SEBI (Prohibition of Insider Trading) Regulations, 2015, both promoter entities have submitted the required disclosures to the company. These disclosures were promptly filed with the Bombay Stock Exchange by Morganite Crucible (India) Limited's Company Secretary and Compliance Officer, Ms. Pooja Jindal.

Impact and Implications

While the exact motivations behind this share exchange remain undisclosed, such transactions often signal strategic realignments or collaborative efforts between companies in related industries. The involvement of Foseco India Limited, which is acquiring shares in exchange, suggests a potential strengthening of ties or strategic partnership between the two entities.

Investors and market watchers may be keen to observe any subsequent changes in the companies' operations, market positions, or strategic directions following this significant share movement.

Conclusion

As this substantial share transaction unfolds, stakeholders of both Morganite Crucible (India) Limited and Foseco India Limited may closely monitor for any announcements or changes that might shed light on the strategic implications of this move. The market's response to this development in the coming days could provide further insights into its perceived impact on both companies' future prospects.

Morganite Crucible (India) Limited , a key player in the crucible manufacturing sector, has announced significant changes in its ownership and board structure. The company completed the transfer of a 75% stake to Foseco India Limited on November 12, 2025, marking a pivotal moment in its corporate journey.

Ownership Transfer and New Subsidiary Status

The transaction involved the transfer of 4.2 million equity shares, representing 75% of Morganite Crucible's total paid-up equity share capital, from the original promoters Morganite Crucible Limited and Morgan Terrassen B.V. to Foseco India Limited. This move has transformed Morganite Crucible into a subsidiary of Foseco India, signaling a major shift in the company's control and strategic direction.

Board Restructuring

The change in ownership has triggered a comprehensive restructuring of Morganite Crucible's board of directors:

Resignations:

• Ms. Poonam Bopshetti (Executive Director)
• Mr. Jonathan Percival (Non-Executive Director)
• Mr. Chandrashekhar Vasant Chitale (Independent Director)

New Appointments:

• Mr. Prasad Chavare (Managing Director for a 5-year term)
• Mr. Mohit Mangal (Executive Director)
• Mr. Manuel Antonio Delfino Aguilera (Non-Executive, Non-Independent Director)
• Mr. Mark Collis (Non-Executive, Non-Independent Director)
• Mr. Henry Knowles (Non-Executive, Non-Independent Director)
• Mr. Amitabha Mukhopadhyay (Non-Executive, Independent Director)
• Ms. Rashmi Joshi (Non-Executive, Independent Director)

Committee Restructuring

The board has also approved changes to various committees, including the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, Risk Management Committee, and Corporate Social Responsibility Committee. These changes aim to align the company's governance structure with its new ownership.

Future Plans

As part of its transition, Morganite Crucible plans to file for a name change to 'Foseco Crucible (India) Limited', reflecting its new status as a Foseco India subsidiary. The company will conduct a postal ballot to seek shareholder approval for the new board appointments and other changes.

Market Implications

This strategic move may have significant implications for both Morganite Crucible and Foseco India in the Indian manufacturing sector. The integration of Morganite's expertise in crucible manufacturing with Foseco's broader portfolio could potentially create synergies and expand market opportunities.

Investors and industry observers will be keenly watching how this acquisition impacts the companies' market positions and financial performance in the coming quarters.

The company has stated that it will provide further updates as the integration process progresses, and shareholders will have the opportunity to vote on the proposed changes through the upcoming postal ballot.