The remote e-voting will commence on Tuesday, December 30, 2025 (9.00 A.M.) and end on Wednesday, January 28, 2026 (5.00 P.M.).
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Morganite Crucible (India) Limited has issued a Postal Ballot notice seeking shareholder approval for nine resolutions. The remote e-voting window runs from December 30, 2025 (9:00 AM) to January 28, 2026 (5:00 PM), with the cut-off date set as December 26, 2025. The resolutions cover appointment of three Non-Executive Non-Independent Directors (Manuel Antonio Delfino Aguilera, Mark Collis, and Henry Knowles), two Non-Executive Independent Directors (Amitabha Mukhopadhyay and Rashmi Joshi) for five-year terms, a Managing Director (Prasad Chavare) and a Whole-time Director (Mohit Mangal), also for five-year terms whose remuneration will be paid entirely by Foseco India Limited. The Postal Ballot also seeks approval to change the company's name to 'Foseco Crucible (India) Limited', following Foseco India Limited's acquisition of 75% stake (42,00,000 equity shares) from the erstwhile promoters, making the company a subsidiary of Foseco India Limited effective November 12, 2025. Results will be announced by January 30, 2026.
Shareholders should note this represents a significant ownership change with Foseco India Limited now controlling 75% of the company. The name change and full board reconstitution reflect the new parent's takeover. Both new executive directors' remuneration will be paid by Foseco India Limited, not the listed company. Existing minority shareholders should vote on these resolutions, which are expected to pass given the 75% controlling stake held by Foseco.