Craftsman Automation: No Deviation in QIP Fund Utilization

Craftsman Automation Ltd has officially stated that there has been no deviation or variation in the utilization of funds raised through its Qualified Institutions Placement (QIP) of ₹2000 Crores. The company has submitted a statement to this effect for the quarter ended June 30, 2026, as required by SEBI (LODR) Regulations, 2015. The funds were raised on June 1st, 2026, for an amount of ₹1,999,99,95,000. The original objects for fund utilization included repayment of borrowings and general corporate purposes. The company's Chief Financial Officer, C.B. Chandrasekar, confirmed the statement.