Foseco India Limited has filed its secretarial compliance report for the year ended 31st December 2025 with BSE and NSE, demonstrating complete adherence to regulatory requirements. The report, submitted on 28th February 2026, confirms the company's compliance with all applicable SEBI regulations and guidelines.

Clean Compliance Record

The secretarial audit conducted by Jayavant B. Bhave, Proprietor of M/s. J. B. Bhave & Co., Company Secretaries, revealed no violations or deviations during the review period. The comprehensive examination covered multiple regulatory frameworks including SEBI listing obligations, substantial acquisition regulations, insider trading prohibitions, and depositories regulations.

Key Corporate Developments

A significant development during 2025 was Foseco India's acquisition of 75% shareholding in Foseco Crucible India Limited (previously Morganite Crucible India Limited) on 12th November 2025. This acquisition made Foseco Crucible India Limited a subsidiary of the company. The report notes that material subsidiary criteria will become applicable in the next financial year as both companies' accounts have been consolidated for the first time in December 2025.

Regulatory Compliance Framework

The audit examined compliance with various SEBI regulations including:

• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• SEBI (Prohibition of Insider Trading) Regulations, 2015
• SEBI (Depositories and Participants) Regulations, 2018

Board and Governance Practices

The company maintained strong governance practices throughout 2025. Performance evaluations of the Board, Independent Directors, and Committees were conducted at the start of the financial year as prescribed. All related party transactions received prior approval from the Audit Committee, and the company made timely disclosures under Regulation 30 of LODR Regulations.

The report confirms that no actions were taken against the company, its promoters, directors, or subsidiaries by SEBI or stock exchanges during the review period. Foseco India follows a calendar year financial cycle from January to December, and the company secretary Mahendra Kumar Dutia signed the submission letter confirming the filing.

Foseco India has announced its Q3 financial results, presenting a mixed performance with declining net profit despite strong revenue growth and improved operational efficiency. The company's consolidated net profit for the quarter stood at ₹126 million, representing a decrease from ₹195 million reported in the corresponding quarter of the previous year.

Financial Performance Overview

The company's financial metrics for Q3 demonstrate contrasting trends across different parameters:

Revenue and Operational Performance

Foseco India demonstrated robust top-line growth with quarterly revenue reaching ₹1.87 billion, marking a substantial increase from ₹1.4 billion in the same period last year. This represents approximately 33.6% year-on-year growth, indicating strong business momentum and market demand for the company's products and services.

Profitability Metrics

The company's EBITDA performance was particularly strong, rising to ₹419 million from ₹229 million in the previous year's corresponding quarter. More significantly, the EBITDA margin expanded considerably to 22.44% from 16.78%, reflecting improved operational efficiency and better cost management. The profit before tax also showed positive momentum, increasing to ₹404 million compared to ₹263 million year-on-year.

Exceptional Items Impact

The financial results included an exceptional item of ₹169 million, which appears to have influenced the overall profit dynamics for the quarter. This exceptional item likely contributed to the variance between the strong operational performance metrics and the final net profit figure.