Please find enclosed herewith the audited Financial Results for the quarter and year ended March 31, 2026, along with Audit Report & limited review report pursuant to Regulation 33(3)(a) ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Foseco Crucible (India) Limited reported total income of Rs 18,115.81 lakhs for FY2026, relatively flat compared to Rs 18,783.71 lakhs in FY2025. However, profit after tax fell sharply to Rs 541.54 lakhs from Rs 1,175.87 lakhs in the prior year. The decline was driven by an exceptional item of Rs 1,806.20 lakhs — primarily an impairment loss on a suspended R&D project for a new market. The auditor, Deloitte Haskins & Sells LLP, issued an unmodified (clean) opinion on the annual accounts. During the year, the company's ultimate holding company changed: Vesuvius Group (through Foseco India Limited) acquired a 75.77% stake in November 2025, following a share purchase agreement and mandatory tender offer. As a result, public shareholding fell below the statutory 25% limit, and the company is taking steps to restore it. The board recommended a final dividend of Rs 11.50 per share. Significant related party transactions were reported with the new holding company and fellow Vesuvius Group subsidiaries.
The sharp PAT decline due to the exceptional impairment write-off is a one-time hit; excluding this, underlying operating performance appears subdued with flat revenue. The change in promoter group to Vesuvius Group and the sub-25% public float are structural changes shareholders should monitor.