The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Morganite Crubcible Ltd
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Morganite Crucible Limited and its Person Acting in Concert (PAC), Morgan Terrassen B.V., have sold their entire stake of 42,00,000 equity shares (75% of total share capital) in Morganite Crucible (India) Ltd through an off-market transaction on November 12, 2025. Before the sale, the promoter group held 21,56,000 shares (38.50%) directly and 20,44,000 shares (36.50%) via Morgan Terrassen B.V., giving a combined 75% holding. After the sale, the promoter group's holding has dropped to 0%, and they will cease to be classified as promoters of the company. The total equity capital remains unchanged at 56,00,000 shares of INR 5 each.
This is a complete promoter exit, which is a major event for shareholders. Existing investors should brace for potential price volatility, reduced promoter support, and uncertainty about future strategic direction. Buyers of the 75% block will likely seek board control or influence, and a mandatory open offer to public shareholders may be triggered depending on the acquirer's identity and shareholding post-deal.