The Exchange has sought clarification from Foseco India Limited with respect to recent news item captioned Foseco in talks to acquire Morganite Crucible. The response from the Company is attached.
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The stock exchanges asked Foseco India to clarify a media article headlined 'Foseco in talks to acquire Morganite Crucible' dated August 12, 2025. In its response, the company stated that there is no material event or information requiring disclosure under Regulation 30 of the SEBI Listing Regulations. Foseco India has not confirmed any acquisition and has indicated it will update the exchanges only if any material development arises.
Investors should treat the reported Morganite Crucible acquisition as unconfirmed by the company. The stock may see volatility based on speculation, but no definitive corporate action has been disclosed, so there is no immediate fundamental impact on shareholders.