On May 12, 2026, Foseco India Limited announced a strategic board decision to sell up to 99,081 fully paid-up equity shares of its subsidiary, Foseco Crucible (India) Limited (FCIL). This proposed sale represents approximately 1.77% of FCIL’s total voting share capital and is intended to be executed in one or more tranches through SEBI-permitted open market mechanisms. The primary objective of this divestment is to assist the subsidiary in complying with minimum public shareholding requirements as mandated by SEBI Listing Regulations.

The divestment involves a subsidiary that contributed ₹39.40 Crores, or roughly 6.1%, to Foseco India’s consolidated turnover during the last financial year. Furthermore, FCIL accounts for ₹140.92 Crores, representing 13.6% of the company’s consolidated net worth. This move follows the conclusion of a mandatory “Open Offer” for FCIL shares on January 13, 2026, during which the company acquired 99,081 shares from public shareholders.

Foseco India Limited is a leading supplier of metallurgical chemicals and consumables, serving the foundry and steel sectors with a focus on enhancing casting processes. As part of the Vesuvius Group, the company provides a wide range of specialized products, including feeding systems, filtration technology, and metal treatment solutions. Recent corporate updates highlight the company’s ongoing efforts to streamline its subsidiary holdings and ensure regulatory compliance across its operations.

The company’s last announced quarterly results for the period ending December 31, 2025, showed a consolidated revenue of ₹188.94 Crores and a net profit of ₹15.18 Crores. Foseco India is characterized by a strong institutional shareholding, with its parent entity, Vesuvius, maintaining a significant controlling interest. During 2025, the company focused on integrating its acquisition of Foseco Crucible (India) Limited, formerly known as Morganite Crucible (India) Limited, to expand its product portfolio and market reach in India.