Craftsman Automation Invests in Eastsquare Energy India for Solar Power Under Group Captive Scheme

Craftsman Automation Ltd has made an equity investment in Eastsquare Energy India Private Limited (EEIPL) for solar power under the Group Captive Scheme. The investment is in line with the Electricity Act, 2003. EEIPL, incorporated on 26/09/2023, is engaged in the business of generation and transmission of power. The company's turnover for FY 2024-25 was Rs. 61.76 Crores. Craftsman Automation has invested Rs.2,60,000 in EEIPL, which amounts to 26% shareholding in the acquired entity. EEIPL has its Registered Office at S.F.No.43/2, D.No.1/689, SAP Western City, Chettipalayam Road, Chinnia Gounden Palayam, Panickampatti, Coimbatore, Palladam — 641664, Tamil Nadu.