Board Meeting16 May 2026, 12:01 pm
Craftsman Automation to Raise Up to ₹2000 Cr
AI Summary
Craftsman Automation Ltd's board approved raising funds up to ₹2000 Crores through various methods, including equity shares, debt, and other securities. The funds will be used for repayment/pre-payment of outstanding borrowings. An Extra-Ordinary General Meeting (EGM) will be held on June 13, 2026, to seek shareholder approval. The board has authorized the Fund Raising Committee to take necessary decisions.
Key Highlights
- Craftsman Automation plans to raise up to ₹2000 Cr.
- Funds will be raised through equity, debt, or other securities.
- Proceeds to be used for debt repayment/pre-payment.
- EGM scheduled for June 13, 2026, for shareholder approval.
- Fund Raising Committee authorized for decision-making.
Price Impact
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