Foseco to sell 1.77% stake in FCIL for ₹1,347.5 crore

Foseco India Limited has announced that its Board of Directors approved a proposal to divest a portion of its shareholding in its subsidiary, Foseco Crucible (India) Limited (FCIL). The decision, taken during a meeting on May 12, 2026, aims to facilitate compliance with the minimum public shareholding requirements mandated by the Securities Contracts (Regulation) Rules, 1957 (SCRR) and Regulation 38 of the SEBI Listing Regulations.

The company plans to sell up to 99,081 fully paid-up equity shares of FCIL, each with a face value of ₹5. This quantity constitutes 1.77% of the total voting share capital of the subsidiary. The divestment will be executed in one or more tranches, utilizing methods permitted by SEBI, including the open market mechanism.

Financial Impact and Valuation

FCIL contributes significantly to the consolidated financials of the parent entity. During the last financial year, the subsidiary reported a turnover of ₹3,940.20 Lakh, accounting for 6.1% of the company's consolidated turnover. Additionally, FCIL’s net worth stood at ₹14,091.74 Lakh, representing 13.6% of the consolidated net worth.

The sale is anticipated to generate substantial proceeds for the company. Based on the disposal of the entire proposed tranche of 99,081 shares, the expected consideration is approximately ₹1,347.5 crore. The transaction window is scheduled to commence on May 18, 2026, and will conclude on March 31, 2027, or upon the actual completion of the sale, whichever occurs earlier.

Transaction Details

The following table outlines the key particulars of the proposed transaction as disclosed in the regulatory filing:

Particulars Details Subsidiary Foseco Crucible (India) Limited (FCIL) Shares to be sold 99,081 fully paid-up equity shares Percentage of stake 1.77% of total voting share capital Face value ₹5 per share Expected consideration ₹1,347.5 crore (approx.) Sale period May 18, 2026 to March 31, 2027 Method of sale Open market mechanism and/or other SEBI-permitted methods

The company confirmed that the transaction does not fall within the scope of related party transactions and will not be conducted through a slump sale or a Scheme of Arrangement. The disclosure was made to ensure transparency and adherence to regulatory obligations.

Foseco India Limited has made the presentation for its upcoming analyst meet available on its official website. The company had previously notified the stock exchanges regarding this meeting scheduled with Investec Capital Services (India) Private Limited. The presentation can be accessed via the investor relations section of the company's website.

Meeting Details

The one-on-one virtual meeting is set to take place with an equity analyst. The key logistical details for the interaction are outlined below:

Parameter: Details Date: May 13, 2026 (Wednesday) Time: 10 am to 11 am (IST) Analyst Name: Investec Capital Services (India) Private Limited Type of Meeting: One-on-one meeting with an analyst Mode of Meeting: Virtual

Disclosure and Compliance Notes

Foseco India Limited has reiterated its compliance protocols regarding the disclosure of information. The company stated that only information available in the public domain will be shared or discussed during the meeting. No unpublished price-sensitive information pertaining to the company will be disclosed. The schedule remains subject to change due to exigencies on the part of the analyst or the company.

The intimation regarding the presentation availability was signed by Mahendra Kumar Dutia, Controller of Accounts and Company Secretary, on behalf of Foseco India Limited.

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