Foseco India Limited announced the allotment of 11.5 lakh equity shares on November 12, 2025, as part of a preferential issue approved by the company's Board of Directors. This decision follows a special resolution passed by shareholders during an extraordinary general meeting held on September 21, 2025. The allotment received necessary in-principle approvals from both the National Stock Exchange of India and BSE Limited on November 3 and November 4, 2025, respectively. The shares will be issued to two prominent allottees: Morganite Crucible Limited, receiving 5,90,744 shares, and Morgan Terrassen B.V., receiving 5,60,056 shares, both for consideration other than cash.

The equity shares allocated have a face value of INR 10, and the allotment is designed to facilitate strategic growth for Foseco India. The arrangement is subject to lock-in and transferability restrictions as stipulated under Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. This regulatory framework ensures that the interests of all shareholders are safeguarded during the share issuance process.

As Foseco India takes this significant step in enhancing its capital structure, the company aims to leverage these funds for future projects and operational expansions. Investors and market participants will be keenly observing how this move impacts Foseco’s market position and financial performance in the upcoming quarters. The strategic partnership with Morganite Crucible and Morgan Terrassen reflects a commitment to strengthening the company’s operational capabilities and market reach.