Craftsman Automation Limited has informed the Exchange about Fund Raising
CRAFTSMAN · price
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Craftsman Automation Limited's Board has approved raising funds up to Rs. 2,000 Crores through various methods including equity shares, QIP, rights issue, preferential allotment, debt instruments, and private placement. The fund raising will be in one or more tranches as decided by the Board or Fund Raising Committee. The proceeds will be used for repayment or pre-payment of outstanding borrowings of the company. An EGM has been scheduled for 13th June 2026 to seek shareholder approval for this capital raise, with a cut-off date of 6th June 2026 for determining voting eligibility.
This fund raise is aimed at reducing the company's debt burden through strategic repayment of borrowings. Shareholders will need to approve this proposal at the EGM. The multiple method approach provides flexibility but may lead to dilution depending on the instruments used.