Craftsman Automation Ltd

Craftsman Automation Ltd has announced the closure of its trading window for dealing in the company's shares. This closure is in compliance with SEBI (PIT) Regulations, 2015, and the company's internal code of conduct. The window will be shut from Thursday, October 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter and half-year ending September 30, 2026. During this period, all directors, designated persons, connected persons, and their immediate relatives are prohibited from trading in the company's equity shares.

Craftsman Automation Ltd has announced the incorporation of its step-down wholly owned subsidiary, Craftsman Fronberg Precision GmbH, in Germany. This new entity, incorporated on August 27, 2026, is a subsidiary of Craftsman Germany GmbH, which is itself a wholly owned subsidiary of Craftsman Automation. The subsidiary will focus on machining and processing engine and engineering components, aiming to enhance in-house capabilities, operational flexibility, and support the group's growth in Germany. The initial share capital is EUR 25,000.

Craftsman Automation Ltd announced its Board of Directors has approved the incorporation of a step-down wholly owned subsidiary in Germany, named Craftsman Fronberg Precision GmbH. This new entity will be established by Craftsman Germany GmbH, a wholly owned subsidiary of Craftsman Automation. The subsidiary will focus on machining and processing engine and engineering components, aiming to enhance in-house capabilities, operational flexibility, and support future growth in Germany. The initial share capital is set at EUR 25,000, with Craftsman Germany GmbH holding 100% of the shares.

Craftsman Automation Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as required by SEBI regulations. The report, issued by CRISIL Ratings Limited, details the utilization of proceeds from the Qualified Institutions Placement (QIP). The company confirms that the utilization of funds is in line with the objects disclosed in the Offer Document. Proceeds were used for repayment of borrowings, general corporate purposes, and issue expenses. The report is also available on the company's website.

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.

Craftsman Automation Ltd announced its Board of Directors has approved the establishment of a new manufacturing facility in Krishnagiri District, Tamil Nadu. The facility, designated as Hosur Unit - 3, will be set up at SF. No. 11 & 28, Komaranapalli Village. This expansion aims to cater to the incremental demand from automotive OEM customers in Southern India, with existing capacities nearing optimal utilization. The project is estimated to cost ₹100 Crores for Phase I and ₹150 Crores for Phase II, totaling ₹250 Crores. Financing will primarily be through term loans and internal accruals. The new unit is expected to be commissioned within 6-8 months, enhancing operational efficiency and logistics.

Craftsman Automation Ltd's Board of Directors, in a meeting held on July 29, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also sanctioned the establishment of a new plant in Krishnagiri District, Tamil Nadu (Hosur Unit - 3). Additionally, Mr. Santosh Kumar Singh was appointed as Senior Management Personnel (SMP), holding the position of Senior Vice President - Operations. The financial results indicate a mixed performance with varying figures for revenue and profit across different periods.

Craftsman Automation Ltd announced that its Board of Directors, in a meeting held on July 29, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also approved the establishment of a new plant in Krishnagiri District, Tamil Nadu, and the appointment of Mr. Santosh Kumar Singh as Senior Management Personnel. The financial results were accompanied by a Limited Review Report from the statutory auditors.

Craftsman Automation Ltd announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors approved these results along with the Limited Review Report from the statutory auditors during their meeting held on July 29, 2026. The filing confirms the approval of financial results for the specified period.

Craftsman Automation Ltd has entered into agreements to procure renewable wind power under a Group Captive framework. The company will subscribe to 2,14,500 equity shares of Sterling MH Wind Private Limited for ₹1,07,25,000, acquiring a 26.66% stake. This investment is for sourcing wind power from a project in Maharashtra to supply its manufacturing facilities, including Pune operations, aiming to optimize power costs and support sustainability. The transaction does not involve related parties and does not result in acquisition of control.