5001502026-04-012026-06-305001502026-06-305001502025-12-315001502026-01-012026-06-305001502026-04-012026-06-30in-capmkt:OtherExpenses1Member5001502026-01-012026-06-30in-capmkt:OtherExpenses1Member5001502026-06-30OtherNoncurrentFinancialAssetsDomain15001502026-06-30OtherNoncurrentFinancialAssetsDomain25001502026-06-30OtherNoncurrentAssetsDomain15001502026-06-30OtherNoncurrentAssetsDomain25001502026-06-30OtherCurrentFinancialAssetsDomain15001502026-06-30OtherCurrentAssetsDomain15001502026-06-30OtherNoncurrentFinancialLiabilitiesDomain15001502026-06-30OtherNoncurrentFinancialLiabilitiesDomain25001502026-06-30OtherNoncurrentFinancialLiabilitiesDomain35001502026-06-30OtherCurrentFinancialLiabilitiesDomain15001502026-06-30OtherCurrentFinancialLiabilitiesDomain25001502026-06-30OtherCurrentLiabilitiesDomain15001502026-06-30OtherCurrentLiabilitiesDomain25001502026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15001502026-04-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25001502026-01-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15001502026-01-012026-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss25001502026-04-012026-06-30AuditorDomain1iso4217:INRxbrli:pureiso4217:INRxbrli:shares500150FOSECOINDNOTLISTEDINE519A01011FOSECO INDIA LIMITEDMain BoardEquity2026-01-012026-12-312026-08-132026-08-07INRLakhsQuarterlySecond quarterSingle segmentMetallurgical products and services2026-08-1316:40:002026-08-1317:45:00trueCash Flow IndirectDeclaration of unmodified opinion2026-04-012026-06-30UnauditedConsolidated23140650005149300023655580001028866000196249000-1096830002150030007860008130900045187400018644040005011540000501154000133127000402900013715600003639980000000363998000-9050003630930003371890002680900033635700026736000753730001044.7444.740044.7444.74000Notes <br /> <br /> 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. <br /> 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. <br /> <br /> 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'. <br /> 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. <br /> <br /> 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: <br /> <br /> (All figures in INR Lakhs) <br /> Particulars Provisional amount as at acquisition date Measurement period adjustments Restated amount as at acquisition date <br /> Purchase consideration 63,800.35 - 63,800.35 <br /> Fair value of non- controlling interest as on acquisition date 8,109.64 (480.28) 7,629.36 <br /> Sub – total (A) 71,909.99 (480.28) 71,429.71 <br /> Fair value of assets acquired # 25,892.65 (2,523.58) 23,369.07 <br /> Fair value of intangible assets identified 15,633.31 - 15,633.31 <br /> Fair value of liabilities assumed (2,816.73) (43.64) (2,860.37) <br /> Deferred tax on fair value adjustments ## (6,270.66) 646.12 (5,624.54) <br /> Sub – total (B) 32,438.57 (1,921.10) 30,517.47 <br /> <br /> Value of Goodwill (A-B) 39,471.42 1,440.82 40,912.24 <br /> <br /> 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. <br /> <br /> # 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. <br /> ## 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. <br /> 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. <br /> <br /> (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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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. <br /> 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 <br /> <br /> For Foseco India Limited <br /> <br /> Prasad Chavare <br /> MD & CEO2026-01-012026-06-30UnauditedConsolidated433286300013500400044678670001911308000352071000-1352530004102860001841000162820000849370000355244300091542400021637000937061000240199000-20050002381940000698867000000069886700053310007041980006499400004892700065386000050338000753730001086.2386.230086.2386.23000Other expenses451874000Other expenses8493700001097442000239820004091224000150401600001024000119054800011915720000458480007954084000690783000018455950001386685000236103300014580004415700056389280000988070006428518000001438260200075373000107139890001078936200010789362000085093800085093800005044020000135534000009301700016961140001789131000175009000196414000018749300015110000711570000223790000000359324000014382602000Other financial assets316790000Right of use assets873758000Income tax assets (net)43684000Other non-current assets2164000Other financial assets44157000Other current assets98807000Lease liabilities11644000Employee benefit obligations607000Non controlling interest838687000Lease liabilities11085000Other financial liabilities163924000Employee benefit obligations50559000Other current liabilities1369340001841000-164557000-3032110000-125250000010091000023527900004859300001628200000-4334700004896900002353000086504000521500085500000000-941280008429330000001404570000702476000001193570001542840000000073582000000000000000000000919310000-58945000-7552300000000000005047000188906000184100000-195794000431159000-123990004187600009679250001386685000Remeasurements of post employment benefit obligations-1210000Tax relating to this item305000-905000Remeasurements of post employment benefit obligations7123000Tax relating to this item-179200053310000000-9050005331000UnauditedtruePrice Waterhouse Chartered Accountants LLPtrue2026-11-30