Morganite Crucible's promoters reclassified after major share transfer

Morganite Crucible (India) Limited has confirmed the reclassification of its erstwhile promoters, Morganite Crucible Limited and Morgan Terrassen B.V., following the transfer of 4,200,000 equity shares to Foseco India Limited. This transaction, completed on November 12, 2025, represents 75% of the company's total fully diluted paid-up equity share capital.

As a result of this acquisition, the former promoters no longer hold any equity shares and have ceased to be in control of Morganite Crucible (India) Limited. This reclassification aligns with SEBI regulations.

The share purchase agreement, initially disclosed on August 22, 2025, triggered a mandatory open offer, with Foseco India Limited becoming the acquirer. The intent for the promoters to cease their status was previously communicated in various offer documents.