Foseco India Promoter Sells 1.77% Stake to Meet Public Shareholding Norms

Foseco India Limited, the promoter of Foseco Crucible (India) Ltd, has successfully completed the sale of 99,081 Equity Shares, representing 1.77% of the total paid-up equity share capital. This sale was conducted in multiple tranches through the open market route to ensure the company meets minimum public shareholding requirements as mandated by SEBI (SAST) Regulations, SCRR, and SEBI LODR Regulations. Following this transaction, the promoter and promoter group's shareholding has reduced to 75.00%, thereby achieving the prescribed minimum public shareholding. The company confirms the sale was completed within the stipulated timeline and this disclosure ensures continued transparency and regulatory compliance.