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.

Foseco India Limited has issued a clarification regarding the pricing basis for its proposed preferential issue of equity shares, following a request from the National Stock Exchange of India Limited (NSE). The company provided this update in response to queries raised during the process of seeking in-principle approval for the preferential issue.

Key Points of Clarification

• The clarification pertains to the Extra-Ordinary General Meeting (EGM) scheduled for September 21, 2025.
• NSE requested changes to Paragraph 3 of Point 6 in the EGM Notice's Explanatory Statement regarding share price determination.
• The company has updated its statement to align with its Articles of Association.

Revised Statement on Share Price Determination

The updated statement in the EGM Notice now reads:

"The Articles of Association of the Company provide that where at any time it is proposed to increase the subscribed capital of the Company by allotment of further shares, either out of the unissued capital or out of the increased share capital, then such further shares shall be offered to any persons, either for cash or for a consideration other than cash, if the price of such shares is determined by the valuation report of a registered valuer subject to such conditions as may be prescribed."

This revision replaces the previous statement which had indicated that the Articles of Association did not provide for a method resulting in a floor price higher than that determined under SEBI ICDR Regulations.

Implications for Shareholders

The clarification provides greater transparency on how Foseco India determines share prices for preferential issues. It emphasizes the role of a registered valuer in price determination, which could potentially offer additional protection to existing shareholders by ensuring fair pricing of new share issuances.

Regulatory Compliance

Foseco India's prompt response to the NSE's request demonstrates the company's commitment to regulatory compliance and transparent communication with its stakeholders. The disclosure was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders are advised to refer to the updated EGM Notice for complete details regarding the proposed preferential issue of equity shares and the basis of price determination.