Morganite Crucible (India) Limited has successfully completed its postal ballot process, with shareholders approving nine critical resolutions including a significant name change and multiple director appointments. The e-voting process concluded on January 28, 2026, with overwhelming shareholder support across all proposed resolutions.

Company Name Change Approved

The most notable resolution approved was the change of company name from 'Morganite Crucible (India) Limited' to 'Foseco Crucible (India) Limited'. This special resolution received unanimous support from shareholders, marking a significant rebranding initiative for the company. The company has subsequently altered its Memorandum of Association and Articles of Association to reflect this name change.

Comprehensive Director Appointments

Shareholders approved the appointment of seven directors across various categories:

Additionally, shareholders approved the continuation of Ulhas Narayanrao Gaoli (DIN: 00286833) as a Non-Executive Independent Director through a special resolution.

Voting Results and Participation

The postal ballot demonstrated strong shareholder confidence with consistent voting patterns across all resolutions:

Shareholder Category Breakdown

The voting participation varied significantly across shareholder categories. Promoter and Promoter Group showed complete participation with 100.0000% of their 4200000 shares voted, all in favor of the resolutions. Public Institutions demonstrated strong engagement with 85.9960% participation from their 76278 shares, while Public Non-Institutions had lower participation at 1.5827% from their 1323722 shares.

Process and Compliance

The e-voting process was conducted through MUFG Intime India Private Limited from December 30, 2025 (9:00 A.M.) to January 28, 2026 (5:00 P.M.). CS Jayesh Parmar of Prajot Tungare & Associates served as the scrutinizer, ensuring compliance with Section 110 of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company followed MCA circulars by sending notices via email to shareholders whose names appeared in the Register of Members as of the cut-off date of December 26, 2025. A newspaper advertisement was also published on December 30, 2025, to inform members about the voting process and email registration procedures.

With all resolutions approved by the requisite majority, the company has successfully implemented its governance restructuring and rebranding initiative, positioning itself for future operations under the Foseco Crucible identity.

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.