Craftsman Automation Extends Long Stop Date under APA with Shriram Pistons & Rings Limited

Craftsman Automation Ltd has extended the long stop date under the Asset Purchase Agreement (APA) with Shriram Pistons & Rings Limited (SPRL) from 31st March, 2026 to 30th June, 2026. The Proposed Transaction, which involves the sale of certain identified plant and machinery and related assets in relation to Piston Manufacturing Business to SRPL, will now be completed in multiple tranches. The first tranche was completed on 31st December, 2025, with Craftsman receiving INR 10 Crores. The remaining INR 18 Crores will be received upon the completion of the Proposed Transaction, expected by 30th June, 2026.