Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Foseco India Limited

Meeting Details

The 69th Annual General Meeting was held on Wednesday, June 10, 2026 at 1430 Hours (IST) through Video Conferencing.

Financial Performance Highlights

Standalone Performance:

  • Revenue from Operations: ₹60,402 lakhs (up 15.1% YoY)
  • Profit Before Exceptional Items and Tax: ₹11,296 lakhs (up 14.9% YoY)
  • Profit After Tax: ₹7,522 lakhs
  • Earnings Per Share: ₹114.94

Consolidated Performance:

  • Revenue from Operations: ₹64,342 lakhs
  • Profit Before Exceptional Items and Tax: ₹12,727 lakhs
  • PBT Margin: 19.8%

Dividend Distribution:

  • Total dividend distributed during the year: ₹1,597 lakhs

Strategic Developments

The company acquired a 75% controlling stake in Morganite Crucible (India) Limited, now renamed Foseco Crucible (India) Limited (FCIL). This acquisition expands capabilities in high-performance materials and specialized crucible technologies, particularly in the non-ferrous segment.

Innovation and Operational Excellence

  • R&D investment: ₹198 lakhs in domestic initiatives
  • New product introductions:
  • INSTA Coatings: Advanced water and solvent-based coatings for ferrous castings
  • Airless Spray Coating Systems: For pristine casting surface finishes
  • ROTOCLENE Technology: Process improvement mechanism for steel foundries

Operational and Safety Metrics

  • Total employees: 376
  • All employees received health, safety, and skills development training
  • Pune facilities maintain international certifications: ISO 9001, ISO 14001, and ISO 45001
  • Recertified as a Great Place to Work

Corporate Social Responsibility

  • Total CSR spend: ₹161 lakhs
  • Focus areas: Healthcare, education, and local infrastructure
  • Partnerships:
  • Jehangir Hospital: Support for children with Type 1 Diabetes
  • College of Engineering Pune: Scholarship Programme for meritorious girl students
  • Katalyst India: Support for underprivileged women in STEM
  • Rotary Foundation: Classroom and library development for 500+ school children
  • Village initiatives: Solar streetlights, waste segregation systems, vacuum garbage collection, Water ATM installations

Future Outlook

The company is positioned for growth with a robust, debt-free balance sheet, strong customer relationships, diversified product portfolio, and integrated team structure.

Voting Information

The facility of e-voting remained open for 15 minutes after the meeting for members who had not yet cast their votes.