Investment27 March 2026 at 12:31 pm
Craftsman Automation Invests Rs. 39,500 in RC Green Powers for Wind Power
AI Summary
Craftsman Automation Ltd. has made a further equity investment of Rs. 39,500 in RC Green Powers Private Limited (RCGPPL) for wind power under the Group Captive Scheme. This investment, which involves 3950 equity shares of face value Rs. 10 each, amounts to 2.63% of the equity share capital. Post the aforesaid further investment, the total equity shareholding of the Company in RCGPPL stands at 3.51%. The Company may acquire or dispose of equity shares in RCGPPL to ensure continued compliance with the prescribed ownership and consumption criteria under the Electricity Act, 2003.
Key Highlights
- Craftsman Automation has invested Rs. 39,500 in RC Green Powers for wind power
- The investment amounts to 2.63% of the equity share capital
- Post-investment, the Company's equity shareholding in RCGPPL stands at 3.51%
- The Company may acquire or dispose of equity shares in RCGPPL for compliance with the Electricity Act, 2003
- The investment is made under the Group Captive Scheme