With reference to the above captioned subject this is to inform you that as per Regulation 30 and 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, the Board ....
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Awaiting price reaction for this filing.
The Board, meeting on February 11, 2026, approved the unaudited financial results for the quarter and nine months ended December 31, 2025, along with the limited review report, and also revised the Policy on Materiality of Related Party Transactions to align with recent SEBI amendments. Revenue from operations for Q3 FY26 rose about 3.2% year-on-year to Rs. 4,609 lakhs, while total income stood at Rs. 4,673 lakhs versus Rs. 4,741 lakhs a year ago. Profit after tax fell to Rs. 556 lakhs from Rs. 784 lakhs in Q3 FY25, mainly because of a one-time exceptional charge of Rs. 278 lakhs arising from new labour code provisions on gratuity and leave encashment. The filing also notes that Foseco India Ltd (Vesuvius Group) completed its acquisition of a 75% stake in the company from Morgan Advanced Materials on November 12, 2025, for Rs. 65,394 lakhs via a share swap, and the company is in the process of changing its name. Statutory auditor Deloitte Haskins & Sells LLP issued an unqualified limited review report with no qualifications or emphasis-of-matter.
The headline PAT dip looks worse than the underlying business, since pre-exceptional profit was actually up around 7% YoY, suggesting steady core operations. The change of control to the Vesuvius Group and the pending rename mark a new strategic phase for the stock, which shareholders should watch for further integration and strategic updates.