In continuation to our letter dated December 29, 2025, regarding notice of Postal Ballot & Pursuant to the Regulation 44 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, ....
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Morganite Crucible (India) Limited (now Foseco Crucible (India) Ltd, BSE: 523160) announced voting results of a postal ballot concluded on January 28, 2026. All 9 resolutions were approved with overwhelming support — 4,286,345 votes (99.9953%) in favour and only 201 votes (0.0047%) against, with 76.55% of total outstanding shares participating. The resolutions include the appointment of 5 new directors (3 non-executive non-independent, 2 independent including one woman director), a new Managing Director (Prasad Chavare), a new Whole-time Director (Mohit Mangal), continuation of an existing independent director, and a special resolution to change the company name from 'Morganite Crucible (India) Limited' to 'Foseco Crucible (India) Limited'. The company has already amended its Memorandum and Articles of Association to reflect the new name.
Shareholders have formally approved a significant board restructuring and corporate rebranding to align with the Foseco brand identity. The near-unanimous approval (over 99.99% in favour) signals strong shareholder confidence, with promoter group holding 42 lakh of the 56 lakh total shares voting entirely in favour.