Foseco India Limited has informed the Exchange regarding Change in Director(s) of the company.
FOSECOIND · price
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Foseco India announced two board changes on February 25, 2026. Mr. Henry James Knowles, a British corporate lawyer and General Counsel of ultimate parent Vesuvius plc, has been appointed as a Non-Executive Non-Independent Director effective February 26, 2026, as a nominee of holding company Foseco Overseas Limited. Separately, Mr. Prasad Chavare has been reappointed as Managing Director and CEO for a fresh 5-year term from June 1, 2026 to May 31, 2031, subject to shareholder approval, as his current term was set to expire on May 31, 2026. Both appointments were recommended by the Nomination and Remuneration Committee. The new director brings over 30 years of legal experience, while the reappointed CEO continues with his prior experience in automotive, power generation and turnkey projects.
The reappointment of the existing MD & CEO signals leadership continuity and stability for the company, while the addition of a holding company nominee strengthens parent group representation on the board. No negative signals for shareholders; the change is largely procedural and routine.