Foseco India extends deadline for Morganite Crucible acquisition

Foseco India Limited has extended the "Long Stop Date" for its share purchase agreement to October 31, 2025, from the previously indicated October 15, 2025. This extension, mutually agreed upon with the MCIL Promoters, means the closing formalities for the acquisition are now expected to be completed by the new date.

The agreement involves Foseco India acquiring 4,200,000 fully paid-up equity shares of Morganite Crucible (India) Limited (MCIL) from the MCIL Promoters. This transaction represents 75% of MCIL's total paid-up equity share capital on a fully diluted basis.

The initial intimation regarding the share purchase agreement was made on August 22, 2025. This update was disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.