Amended open offer for Morganite Crucible shares revises terms

JM Financial Limited, acting as the manager, has issued a corrigendum for an open offer to acquire shares of Morganite Crucible (India) Limited. Foseco India Limited, along with persons acting in concert (PACs), aims to acquire up to 1,400,000 equity shares, representing 25.00% of the voting share capital, at a price of INR 1,557.15 per equity share. The total consideration is up to INR 2,180,010,000.

A key correction notes that while SEBI (SAST) Regulations mandate an offer size of at least 26.00%, the current offer stands at 25.00%. Additionally, the issue price for consideration shares related to a preferential issue is amended to INR 5,674.12, replacing the previously stated INR 5,674, across various public documents.

This corrigendum, dated September 24, 2025, amends and supplements the original public announcement of August 22, 2025, the detailed public statement of September 1, 2025, and the draft letter of offer of September 9, 2025. The acquirer and PACs assume full responsibility for the accuracy of this information.