BSECompany Update22 Jun 2026 · 22 Jun 2026, 05:17 pm
Enclosed
Foseco India Ltd · 500150
✦ AI SummaryDivestiture
Foseco India Ltd has successfully completed the sale of 99,081 equity shares, representing 1.77% of its subsidiary Foseco Crucible (India) Limited (FCIL), through open market transactions. The sale generated approximately INR 11.99 crore and reduced Foseco India's stake in FCIL to 75.00%. This divestment ensures FCIL's compliance with SEBI's minimum public shareholding requirements, fulfilling an earlier intimation from May 2026.
Analysis Scores
Earnings Impact6/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment7/10
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Foseco India Ltd - 500150 - Update On Sale Of Equity Shares Of Subsidiary Company
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June 22, 2026
BSE Limited National Stock Exchange of India Limited
Listing Department, Listing Department,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Plot No. C/1, G Block,
Mumbai 400 001 Bandra Kurla Complex,
Bandra (East), Mumbai-400 051
Scrip Code: 500150 Scrip Code: FOSECOIND
Dear Madam/Sir,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, as amended from time to time (“SEBI Listing
Regulations”) – Update on Sale of Equity Shares of Subsidiary Company
Ref: Disclosure dated 12 May 2026 made by the Company in terms of Regulation 30 of the
SEBI Listing Regulations read along with SEBI Master Circular No. SEBI/
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on 11 July 2023 (last updated on 30
January 2026)
In continuation of our earlier intimation dated 12 May 2026, we, Foseco India Limited (“Company”)
hereby wish to inform you that the Company has successfully completed the sale of 99,081 equity
shares constituting 1.77% of the total paid up equity share capital of Foseco Crucible (India)
Limited (formerly known as Morganite Crucible (India) Limited) (“FCIL”), a subsidiary of the
Company, in multiple tranches, through open market route for an aggregate consideration of
approximately INR 11,99,72,779, to enable FCIL to meet the minimum public shareholding
requirements in accordance with the: (a) Regulation 7(4) of the SEBI (Substantial Acquisition of
Shares and Takeovers) Regulations, 2011 (“SEBI (SAST) Regulations”); (b) Rule 19(2)(b) and
19(A) of the Securities Contracts (Regulation) Rules, 1957 (“SCRR”); and (c) Regulation 38 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR
Regulations”), read with paragraph 2(7)(ii) (Method) of Section VI-A of Chapter VI of the SEBI
master circular for compliance with the provisions of the SEBI LODR Regulations by listed
entities bearing reference no. SEBI/ HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 issued on 11
July 2023 (last updated on 30 January 2026) (“Circular”).
Consequent to the aforementioned open market sale, the Company’s shareholding in FCIL has
reduced to 42,00,000 equity shares constituting 75.00% of the total paid up equity share capital of
FCIL, and FCIL has achieved the minimum public shareholding requirements as prescribed under
SEBI LODR Regulations and SCRR.
We confirm that:
(a) the entire sale of equity shares has been duly completed within the timeline, as mentioned in
our earlier intimation dated 12 May 2026; and
(b) this intimation is being made to ensure continued transparency and compliance with applicable
SEBI regulations.
The above disclosure will also be hosted on the website of the Company and the same can be
accessed at www.fosecoindia.com.
The details as required under SEBI Master Circular No. SEBI/ HO/49/14/14(7)2025-
CFDPOD2/I/3762/2026 issued on 11 July 2023 (last updated on 30 January 2026), were provided
in our earlier intimation dated 12 May 2026.
This is for your information and record.
Thanking you,
For FOSECO INDIA LIMITED
Mahendra Kumar Dutia
Controller of Accounts and Company Secretary