Foseco India Limited has informed the Exchange about General Updates
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Foseco India has informed the stock exchanges about a correction to the EGM Notice (dated 21 September 2025) following clarifications sought by NSE in connection with the company's proposed preferential issue of equity shares. The correction relates to Paragraph 3 of Point 6 of the Explanatory Statement, which deals with the basis of pricing and the registered valuer's report. Instead of stating that the Articles of Association do not provide for a floor price higher than SEBI (ICDR) Regulations, the corrected version actually quotes the relevant Article, which permits shares to be offered at a price determined by a registered valuer. The change is purely clarificatory in nature and does not alter the substance of the proposed preferential issue.
This is a procedural corrigendum with no change to the pricing mechanism or the preferential issue itself. Investors should note that the company is still in the process of obtaining in-principle approvals from BSE and NSE for the preferential issue, and further updates on the timeline are likely.