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Foseco India Limited Approves Preferential Equity Share Allotment at EGM

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Foseco India Limited Approves Preferential Equity Share Allotment at EGM

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An update from Foseco India Limited ( (IN:FOSECOIND) ) is now available.

Foseco India Limited held its first Extraordinary General Meeting (EGM) on September 21, 2025, conducted through video conferencing, where a special resolution was passed to approve the issue, offer, and allotment of equity shares on a preferential basis. The meeting involved remote e-voting and e-voting at the EGM, ensuring compliance with the Companies Act, 2013, and SEBI regulations. This decision is part of the company’s strategic move to enhance its capital structure, potentially impacting its market position and shareholder value.

More about Foseco India Limited

Average Trading Volume: 1,560

Technical Sentiment Signal: Strong Buy

Current Market Cap: 38.49B INR

See more data about FOSECOIND stock on TipRanks’ Stock Analysis page.

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