Craftsman Automation Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Jun 13, 2026
CRAFTSMAN · price
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Craftsman Automation Limited has called an Extraordinary General Meeting on June 13, 2026 through video conferencing. The main agenda is to seek shareholder approval for raising funds up to Rs. 2,000 Crores through issuance of equity shares and/or other eligible securities. The company can raise capital through various methods including further public offer, debt issue, preferential allotment, rights issue, ADRs, GDRs, private placement, or Qualified Institutions Placement (QIP). The company states it is in an expansion phase and plans to pursue both organic and inorganic growth opportunities to improve market share. Remote e-voting will be available from June 10-12, 2026, with June 6, 2026 as the cut-off date for determining eligible voters.
Shareholders face potential dilution if the capital raise is executed through equity issuance. The Rs. 2,000 Crore fund raise is significant and, if approved, will provide capital for the company's expansion plans but will reduce existing shareholders' percentage ownership.