please find attached herewith newspaper publication about Recommendation of the Committee of Independent Directors of Morganite Crucible (India) Limited. The IDC is published today (December ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Morganite Crucible (India) Limited has notified BSE that the recommendation of its Committee of Independent Directors (IDC), dated 26 December 2025, in relation to the ongoing open offer has been published in newspapers on 29 December 2025. The open offer is being made by Foseco India Limited (Acquirer) along with Foseco Overseas Limited, Vesuvius Holdings Limited, and Foseco (UK) Limited as persons acting in concert. The offer is to acquire up to 14,00,000 equity shares (25% of voting share capital) from public shareholders at Rs. 1,557.15 per share, aggregating up to about Rs. 21.80 crore in cash. The recommendation was published in Financial Express (English), Jansatta (Hindi), Navshakti (Marathi, Mumbai edition), and Marathwada Kesari (Marathi, Aurangabad edition).
This is a procedural filing under SEBI takeover rules, sharing the IDC's recommendation with public shareholders so they can make an informed decision on tendering shares in the open offer. Shareholders should read the IDC recommendation carefully as it typically includes views on whether the offer price is fair, before deciding to tender.