Craftsman Automation Limited has informed the Exchange regarding 'we wish to inform you that the Company has made equity investments in M/s. Mastertex Export Private Limited and M/s. Tara Green Power Private Limited for solar power under the Group Captive Scheme as required under the provisions of the Electricity Act, 2003.'.
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Craftsman Automation has made small equity investments in two companies for sourcing solar power under the Group Captive Scheme of the Electricity Act, 2003. The company invested Rs. 2,60,000 in Mastertex Export Private Limited for a 26% stake, and Rs. 22,000 in Tara Green Power Private Limited for an 11% stake, totaling Rs. 2.82 lakh. Both entities are engaged in solar/generation of power, with Tara Green Power having a turnover of about Rs. 1.2 crore in FY25 while Mastertex Export is yet to start operations. The investments are not related party transactions, were done in cash, and were completed on 23rd July 2025.
These are tiny investments aimed at securing captive solar power for the company's own operations and are unlikely to have any material effect on the stock price or shareholder value.