Foseco India Extends Long Stop Date to 31 October 2025 in Share Purchase Agreement

Foseco India Ltd. has extended the Long Stop Date mentioned in the Share Purchase Agreement to 31 October 2025. The agreement was initially executed on 22 August 2025 with promoters Foseco Overseas Limited, Vesuvius Holdings Limited, Foseco (UK) Limited, Morgan Advanced Materials Plc, Morganite Crucible Limited, and Morgan Terrassen B.V. The acquisition of 42,00,000 fully paid up equity shares of Morganite Crucible (India) Limited from the MCIL Promoters, constituting 75% of the total paid up equity share capital of MCIL on a fully diluted basis, was expected to be completed by 15 October 2025. However, due to mutual agreement, the Long Stop Date has been extended to 31 October 2025.