Foseco India Limited has announced the appointment of Joshi Apte & Associates, Cost Accountants, as its Cost Auditor for the financial year 2026. The decision was approved by the company's Board of Directors during a meeting held on February 25, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015.

Appointment Details

The appointment is effective for a one-year period, commencing from January 1, 2026 and concluding on December 31, 2026. The board meeting, which addressed this key governance matter, commenced at 1715 hours and concluded at 1830 hours on February 25, 2026.

About the Appointed Firm

Joshi Apte & Associates brings substantial expertise to Foseco India's audit requirements. The firm is a practicing cost accounting entity with over 16 years of experience in the field. Key highlights of the firm include:

• Experience: Over 16 years in cost accounting practice
• Team Composition: Qualified professionals and semi-qualified assistants
• Client Base: Large client portfolio across India
• Industry Coverage: Services clients across 26 different industry segments
• Geographic Presence: Multiple branches across India

Regulatory Compliance

The appointment fulfills Foseco India's regulatory obligations under SEBI LODR requirements. The company has provided detailed disclosures as mandated by Regulation 30 of the SEBI LODR, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The announcement was formally communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring full compliance with listing requirements and maintaining transparency with stakeholders.

Foseco India Limited has announced key changes to its board of directors following a meeting held on February 25, 2026. The company has appointed a new Non-Executive Director and extended the tenure of its Managing Director, strengthening its leadership structure.

New Director Appointment

The board has appointed Mr. Henry James Knowles as Non-Executive Non-Independent Director (Additional Director), effective February 26, 2026. The appointment was made on the recommendation of the Nomination and Remuneration Committee.

Mr. Knowles brings over 30 years of experience as a corporate lawyer, having worked in private practice and with publicly listed global manufacturing companies in London and Tokyo. He currently serves as General Counsel and Company Secretary of Vesuvius plc, the ultimate holding company, a position he has held since joining the Vesuvius Group in September 2013. He will be liable to retire by rotation and is not related to any existing directors of the company.

Managing Director Re-appointment

The board has also re-appointed Mr. Prasad Chavare as Managing Director and Chief Executive Officer for an extended term. His current tenure was set to expire on May 31, 2026.

Mr. Chavare holds a Bachelor of Engineering (Mechanical) from Pune University and a Master of Business Administration in Marketing Management from the same institution. He brings extensive experience across diverse industries including automotive, power generation, and turnkey projects, having previously worked with Cummins Technologies India Private Limited.

Regulatory Compliance

Both appointments comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that neither director is debarred from holding office by SEBI or any other authority, making them eligible for their respective appointments.

The appointments reflect Foseco India's commitment to strengthening its board composition with experienced professionals who bring valuable expertise to guide the company's strategic direction and operations.