Foseco India Limited has officially announced the allotment of 11.5 lakh equity shares to Morganite Crucible Limited and Morgan Terrassen B.V. This decision follows the approval obtained during the extraordinary general meeting held on September 21, 2025, where shareholders passed a special resolution. The company received necessary in-principle approvals from both the National Stock Exchange and BSE Limited on November 3 and November 4, 2025, respectively, paving the way for this significant equity share allotment.

The allotment consists of 5,90,744 equity shares to Morganite Crucible Limited and 5,60,056 equity shares to Morgan Terrassen B.V., with a face value of ₹10 each. Notably, these shares are being allotted for consideration other than cash, indicating a non-monetary exchange between the parties involved. The resolution for this allotment was passed by the Board of Directors on November 11, 2025, and the effective date for this transaction is November 12, 2025.

The newly allotted equity shares will be subject to lock-in and transferability restrictions as stipulated under Chapter V of the Securities and Exchange Board of India (SEBI) regulations. This move is expected to bolster Foseco India's capital structure and enhance its strategic partnership with the allottees. The company aims to leverage this infusion of equity to strengthen its market position and pursue future growth opportunities.