Integrated Filing — IndAS



General information about company

Scrip Code 500150
NSE Symbol FOSECOIND
MSEI Symbol NOTLISTED
ISIN INE519A01011
Name of company FOSECO INDIA LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-01-2026
Date of end of financial year 31-12-2026
Date of board meeting when results were approved 13-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 07-08-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Metallurgical products and services
Start date and time of board meeting 13-08-2026   16:40:00
End date and time of board meeting 13-08-2026   17:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-01-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 23,140.65 43,328.63
Other income 514.93 1,350.04
Total income 23,655.58 44,678.67
2 Expenses
(a) Cost of materials consumed 10,288.66 19,113.08
(b) Purchases of stock-in-trade 1,962.49 3,520.71
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (1,096.83) (1,352.53)
(d) Employee benefit expense 2,150.03 4,102.86
(e) Finance costs 7.86 18.41
(f) Depreciation, depletion and amortisation expense 813.09 1,628.20
(f) Other Expenses
1 Other expenses 4,518.74 8,493.70
Total other expenses 4,518.74 8,493.70
Total expenses 18,644.04 35,524.43
3 Total profit before exceptional items and tax 5,011.54 9,154.24
4 Exceptional items 0.00 216.37
5 Total profit before tax 5,011.54 9,370.61
6 Tax expense
7 Current tax 1,331.27 2,401.99
8 Deferred tax 40.29 (20.05)
9 Total tax expenses 1,371.56 2,381.94
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 3,639.98 6,988.67
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 3,639.98 6,988.67
17 Other comprehensive income net of taxes (9.05) 53.31
18 Total Comprehensive Income for the period 3,630.93 7,041.98
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 3,371.89 6,499.40
Total profit or loss, attributable to non-controlling interests 268.09 489.27
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 3,363.57 6,538.60
Total comprehensive income for the period attributable to owners of parent non-controlling interests 267.36 503.38
21 Details of equity share capital
Paid-up equity share capital 753.73 753.73
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 44.74 86.23
Diluted earnings (loss) per share from continuing operations 44.74 86.23
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 44.74 86.23
Diluted earnings (loss) per share from continuing and discontinued operations 44.74 86.23
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes 1 The consolidated financial results have been reviewed by the Audit Committee and approved by the Company’s Board of Directors at their respective meetings held on 13th August, 2026. The Statutory Auditors have conducted a limited review of these consolidated financial results and have issued an unmodified report. 2 Pursuant to the acquisition of Foseco Crucible (India) Limited (formerly known as Morganite Crucible (India) Limited) (FCIL) during the previous year, a mandatory “Open Offer” under Regulation 3(1) and Regulation 4 of the SEBI (SAST) was triggered and Rs. 21,810 lakhs were deposited by the Company in the Escrow Account for purpose of Open Offer. The Open Offer was concluded on January 13, 2026 and 99,081 shares were tendered by public shareholders of FCIL under the Open Offer for a consideration of Rs. 1,542.84 lakhs. In accordance with the SEBI (SAST) Regulations, the promoter Foseco India Limited, cannot exceed in shareholding of more than 75% in its listed subsidiary, Foseco Crucible (India) Limited and the said 99,081 shares acquired in the open offer were sold through open market route during the quarter ended 30th June, 2026. The differential in the cost of acquisition and disposal of shares amounted to a net loss Rs. 349.27 lakhs which is recorded in retained earnings in accordance with Ind As 110 - 'Consolidated financial statements'. 3 Pursuant to the acquisition of FCIL by the Group (Foseco India Limited), a preliminary purchase price allocation (PPA) was performed. Certain assets (including inventories, property plant & equipment and the related GST balances) and liabilities were recognized at provisional fair values. Due to limited information available at the acquisition date, regarding the use of certain assets (as mentioned above), future revenue projections and assuming certain liabilities had not yet been finalized. The Group remains within the permissible measurement period (which will end on 11th November, 2026) to refine these valuations. During the period ended 30th June, 2026, management of FCIL and the Group has undertaken reassessment of the economic potential of these assets and liabilities and have adjusted the provisional amount recognised earlier, which are summarized below: (All figures in INR Lakhs) Particulars Provisional amount as at acquisition date Measurement period adjustments Restated amount as at acquisition date Purchase consideration 63,800.35 - 63,800.35 Fair value of non- controlling interest as on acquisition date 8,109.64 (480.28) 7,629.36 Sub – total (A) 71,909.99 (480.28) 71,429.71 Fair value of assets acquired # 25,892.65 (2,523.58) 23,369.07 Fair value of intangible assets identified 15,633.31 - 15,633.31 Fair value of liabilities assumed (2,816.73) (43.64) (2,860.37) Deferred tax on fair value adjustments ## (6,270.66) 646.12 (5,624.54) Sub – total (B) 32,438.57 (1,921.10) 30,517.47 Value of Goodwill (A-B) 39,471.42 1,440.82 40,912.24 The above adjustments have resulted in increase in goodwill as on the closing date from Rs. 39,471.42 lakhs to Rs. 40,912.24 lakhs, which has been adjusted retrospectively in accordance with IndAS 103 'Business Combinations'. Comparative information has been restated accordingly. # Resultant impact pertaining to above changes in fair value have been retrospectively adjusted as decrease in 'Inventories' by Rs. 87.89 lakhs, 'Property, plant and equipment' by Rs. 2,280.14 lakhs and 'Other current assets' by Rs. 155.55 lakhs in the consolidated results of the Group for the year ended 31st December, 2025. ## Resultant impact pertaining to above changes in fair value have been retrospectively adjusted as increase in 'Trade payables' by Rs. 19.09 lakhs and 'Other current liabilities' by Rs. 24.55 lakhs in the consolidated results of the Group for the year ended 31st December, 2025. 4 (a) During the year ended 31st December, 2025, the Group has recognised the pre-acquisition expenses amounting to Rs.1,888.52 lakhs towards regulatory fees, stamp duty, advisory and valuation consultancy etc. related to investment in Foseco Crucible (India) Limited (formerly known as Morganite Crucible (India) Limited), given the significance and non-recurring nature, these expenses have been disclosed as an exceptional item. (b) The Government of India has consolidated 29 existing labour legislations into a unified framework comprising four labour codes, namely the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the “Codes”), which have become effective from 21st November, 2025. Based on the information available and in accordance with the guidance issued by the Institute of Chartered Accountants of India, the Group had assessed the incremental impact of the implementation of the Codes and recognised an additional provision of Rs. 277.73 lakhs, pertaining to its subsidiary, as an exceptional item in the results for the year ended 31st December, 2025. Subsequently, during the quarter ended 31st March, 2026, based on additional clarifications issued by the Ministry of Labour & Employment, the management reassessed the liability towards gratuity and compensated absences. Consequently, a provision amounting to Rs. 216.37 lakhs, pertaining to the aforesaid subsidiary, have been reversed and disclosed as an exceptional item. 5 Pursuant to acquisition stated in note 2 above, the comparative figures presented in the consolidated financial results for the quarter and year to date period ended 30th June, 2025 represents standalone figures of the Parent Company. Further, comparative figures presented in the consolidated unaudited statement of cashflows for the period ended 30th June, 2025 represents standalone figures of the Parent Company. 6 At the meeting held on 13th August, 2026, the Board of Directors of the Company have approved the acquisition of Vesuvius India Limited’s business undertaking situated at Mehsana, Gujarat, comprising of a manufacturing facility primarily engaged in the manufacture of crucibles, stoppers and sleeves for the non-ferrous industrial sector for a lump-sum consideration of INR 4,325 lakhs, subject to adjustments in the manner set out in the Business Transfer Agreement and subject to the execution of such other ancillary agreements required in connection with the Proposed Transaction. 7 The Group has only one reportable segment, metallurgical products and services, in accordance with Ind AS 108 - Operating Segments, notified pursuant to the Companies (Indian Accounting Standards) Rules, 2015. 8 The aforesaid financial results of the Group have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of Listing Regulation For Foseco India Limited Prasad Chavare MD & CEO



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026
Date of end of reporting period 30-06-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 10,974.42
Capital work-in-progress 239.82
Investment property
Goodwill 40,912.24
Other intangible assets 15,040.16
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current
Loans, non-current 10.24
Other non-current financial assets
1 Other financial assets 3,167.90
2 Right of use assets 8,737.58
Total of other non-current financial assets 11,905.48
Total non-current financial assets 11,915.72
Deferred tax assets (net) 0.00
Other non-current assets
1 Income tax assets (net) 436.84
2 Other non-current assets 21.64
Total of other non-current assets 458.48
Total non-current assets 79,540.84
2 Current assets
Inventories 6,907.83
Current financial asset
Current investments 0.00
Trade receivables, current 18,455.95
Cash and cash equivalents 13,866.85
Bank balance other than cash and cash equivalents 23,610.33
Loans, current 14.58
Other current financial assets
Total of other current financial assets 441.57
Total current financial assets 56,389.28
Current tax assets (net) 0.00
Other current assets
1 Other current assets 988.07
Total of other current assets 988.07
Total current assets 64,285.18
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,43,826.02
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 753.73
Other equity 1,07,139.89
Total equity attributable to owners of parent 1,07,893.62
Non controlling interest
Total equity 1,07,893.62
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
1 Lease liabilities 116.44
2 Employee benefit obligations 6.07
3 Non controlling interest 8,386.87
Total of other non-current financial liabilities 8,509.38
Total non-current financial liabilities 8,509.38
Provisions, non-current 0.00
Deferred tax liabilities (net) 5,044.02
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 13,553.40
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 930.17
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 16,961.14
Total Trade payable 17,891.31
Other current financial liabilities
1 Lease liabilities 110.85
2 Other financial liabilities 1,639.24
Total of other current financial liabilities 1,750.09
Total current financial liabilities 19,641.40
Other current liabilities 1,874.93
1 Employee benefit obligations 505.59
2 Other current liabilities 1,369.34
Total of other current liabilities 1,874.93
Provisions, current 151.10
Current tax liabilities (Net) 711.57
Deferred government grants, Current 0.00
Total current liabilities 22,379.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 35,932.40
Total equity and liabilites 1,43,826.02
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-01-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-01-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of post employment benefit obligations (12.10) 71.23
2 Tax relating to this item 3.05 (17.92)
Total Amount of items that will not be reclassified to profit and loss (9.05) 53.31
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (9.05) 53.31



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026
B Date of end of reporting period 30-06-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 9,370.61
Adjustments for reconcile profit (loss)
Adjustments for finance costs 18.41
Adjustments for decrease (increase) in inventories (1,645.57)
Adjustments for decrease (increase) in trade receivables, current (3,032.11)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (125.25)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 100.91
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 2,352.79
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 485.93
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,628.20
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (433.47)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 489.69
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 23.53
Adjustments for dividend income 0.00
Adjustments for interest income 865.04
Adjustments for share-based payments 52.15
Adjustments for fair value losses (gains) 8.55
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (941.28)
Net cash flows from (used in) operations 8,429.33
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,404.57
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 7,024.76
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 1,193.57
Other cash payments to acquire equity or debt instruments of other entities 1,542.84
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 735.82
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 919.31
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (589.45)
Net cash flows from (used in) investing activities (755.23)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 50.47
Dividends paid 1,889.06
Interest paid 18.41
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (1,957.94)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 4,311.59
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents (123.99)
Net increase (decrease) in cash and cash equivalents 4,187.60
Cash and cash equivalents cash flow statement at beginning of period 9,679.25
Cash and cash equivalents cash flow statement at end of period 13,866.85





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse Chartered Accountants LLP Yes 30-11-2026