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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Foseco Crucible (India) Ltd (formerly Morganite Crucible India Ltd) disclosed results of a postal ballot conducted via remote e-voting from December 30, 2025 to January 28, 2026. Out of 56,00,000 total outstanding shares, 42,86,546 shares (76.55%) were polled, with 99.9953% (42,86,345 shares) voting in favour and only 201 shares (0.0047%) against. All 9 resolutions were approved, including appointment of 3 Non-Executive & Non-Independent Directors (Manuel Antonio Delfino Aguilera, Mark Collis, Henry Knowles), 2 Non-Executive Independent Directors (Amitabha Mukhopadhyay, Rashmi Joshi), appointment of Managing Director Prasad Chavare and Whole-Time Director Mohit Mangal, continuation of Independent Director Ulhas Gaoli, and importantly the change of company name from Morganite Crucible (India) Limited to Foseco Crucible (India) Limited. The company's Memorandum and Articles of Association have already been amended to reflect the new name.
Routine procedural clearance with near-unanimous shareholder approval (over 99.99% in favour) signals strong promoter/institutional alignment. The name change to Foseco aligns the Indian entity with its global parent brand, which may improve brand recall but has no material impact on financials or shareholder value.