Foseco India Limited — Others, 22-08-2025: Amendment to AOA/MOA

Foseco India will acquire 75% of Morganite Crucible (India) Limited (MCIL) for INR 653.94 crore. Consideration involves issuing 11.51 lakh new Foseco India shares (15.27% of expanded capital) at INR 5,674 each to MCIL promoters. This strategic move expands Foseco into the non-ferrous market and boosts its India presence. A mandatory open offer for MCIL's remaining 25% (up to 14 lakh shares) follows at INR 1,557.15 per share, potentially totaling INR 218.00 crore. Shareholder approval for these actions, including raising authorized share capital from INR 7.5 crore to INR 9 crore, is sought at an EGM on September 21, 2025.