Foseco India Limited announced on November 2, 2025, an extension of the Long Stop Date under its Share Purchase Agreement, now set for November 14, 2025. This decision was made in mutual agreement with its promoters, including Foseco Overseas Limited, Vesuvius Holdings Limited, and Morgan Advanced Materials Plc. The previous deadline had been extended only recently from October 15, 2025, to October 31, 2025, following earlier disclosures made on August 22 and October 15, 2025. The agreement pertains to the acquisition process, which is expected to reach completion by the newly established date.

This extension allows additional time for the necessary closing formalities under the Share Purchase Agreement, which involves Foseco’s promoters and Morganite Crucible Limited. The mutual understanding for this latest extension was formalized on November 1, 2025, after regular trading hours. Foseco India aims to ensure that all aspects of the deal are thoroughly addressed before finalizing the acquisition, reflecting a careful approach to corporate governance and compliance with regulatory requirements.

In line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Foseco India remains committed to transparency throughout this process. Apart from this extension, there have been no further changes to the details of the Share Purchase Agreement as previously communicated. Stakeholders and market participants are advised to stay informed as the new completion date approaches, with Foseco India reiterating its dedication to fulfilling its obligations under the agreement.