Craftsman Automation: No Deviation in QIP Fund Utilization

Craftsman Automation Limited has reported no deviation or variation in the utilization of funds raised through its Qualified Institutions Placement (QIP) of ₹2,000 crore. The funds were raised on June 1, 2026, and the utilization statement for the quarter ended September 30, 2026, confirms that the QIP proceeds have been fully utilized for their intended purposes. Specifically, ₹150,000.00 Lakhs (₹1,500 Crore) were used for repayment of borrowings, and ₹46,590.09 Lakhs (₹465.90 Crore) were used for general corporate purposes. A minor surplus of ₹128.48 Lakhs from offer-related expenses was transferred to general corporate purposes, which remained within the permissible limit of 25% of gross proceeds. Consequently, the company will no longer be required to submit quarterly statements of deviation for this QIP.