Foseco India Limited has informed the Exchange about Alteration/revision(s) -Further extension of Long Stop Date under the Share Purchase Agreement to November 14, 2025
FOSECOIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Foseco India has further extended the deadline for completing its Share Purchase Agreement (SPA) with Morgan Advanced Materials Plc and related entities (Morganite Crucible and Morgan Terrassen) to November 14, 2025. The SPA was originally signed on August 22, 2025, with the first extension pushing the Long Stop Date from October 15 to October 31, 2025. The understanding for this second extension was reached after trading hours on October 31, 2025, and formally recorded on November 1, 2025. The deal involves Foseco India's promoters (Foseco Overseas, Vesuvius Holdings, Foseco UK) and the MCIL Promoters group.
Repeated extensions of the Long Stop Date suggest that closing conditions for the acquisition are taking longer than anticipated, delaying certainty for shareholders. The deal is now expected to close by November 14, 2025, and any further slippage could affect investor confidence in the transaction timeline.