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 06-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 29-09-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third 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 06-11-2026   17:05:00
End date and time of board meeting 06-11-2026   17:45:00
Whether cash flow statement is applicable on company
Type of cash flow statement
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 01-07-2026 01-01-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 25,209.58 68,538.21
Other income 607.86 1,957.90
Total income 25,817.44 70,496.11
2 Expenses
(a) Cost of materials consumed 10,822.87 29,935.95
(b) Purchases of stock-in-trade 1,999.81 5,520.52
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 107.75 (1,244.78)
(d) Employee benefit expense 2,133.85 6,236.71
(e) Finance costs 5.41 23.82
(f) Depreciation, depletion and amortisation expense 887.32 2,515.52
(f) Other Expenses
1 Other expenses 4,553.40 13,047.10
Total other expenses 4,553.40 13,047.10
Total expenses 20,510.41 56,034.84
3 Total profit before exceptional items and tax 5,307.03 14,461.27
4 Exceptional items 0.00 216.37
5 Total profit before tax 5,307.03 14,677.64
6 Tax expense
7 Current tax 1,491.73 3,893.72
8 Deferred tax (203.51) (223.56)
9 Total tax expenses 1,288.22 3,670.16
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 4,018.81 11,007.48
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 4,018.81 11,007.48
17 Other comprehensive income net of taxes (6.40) 46.91
18 Total Comprehensive Income for the period 4,012.41 11,054.39
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 3,716.26 10,215.66
Total profit or loss, attributable to non-controlling interests 302.55 791.82
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 3,711.07 10,249.67
Total comprehensive income for the period attributable to owners of parent non-controlling interests 301.34 804.72
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 49.3 135.53
Diluted earnings (loss) per share from continuing operations 49.3 135.53
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 49.3 135.53
Diluted earnings (loss) per share from continuing and discontinued operations 49.3 135.53
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) 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 6th November, 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 September, 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: The above adjustments have resulted in increase in goodwill as on the closing date from Rs. 39,471.42 lakhs to Rs. 40,956.75 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. 103.86 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 September, 2025 represents standalone figures of the Parent Company. 6 At the meeting held on August 13, 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 Rs. 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. The business transfer is subject to approval of the Gujarat Industrial Development Corporation (‘GIDC’) and other preconditions mentioned in the Business Transfer Agreement. 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 34 Interim Financial Reporting (Ind AS 34) prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. For FOSECO INDIA LIMITED Prasad Madhukar Chavare Managing Director & Chief Executive Officer DIN : 08846863 Date : 6th November, 2026 Place : Pune



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


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 01-07-2026 01-01-2026
Date of end of reporting period 30-09-2026 30-09-2026
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 01-07-2026 01-01-2026
B Date of end of reporting period 30-09-2026 30-09-2026
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 (8.55) 62.68
2 Tax relating to this item 2.15 (15.77)
Total Amount of items that will not be reclassified to profit and loss (6.40) 46.91
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 (6.40) 46.91





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