Craftsman Automation Limited has informed the Exchange regarding 'Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Company has made equity investments in Altilium Solar 1 Private Limited and Altilium Solar 3 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 equity investments in Altilium Solar 1 Private Limited (ASPL1) and Altilium Solar 3 Private Limited (ASPL3) to source solar power under the Group Captive Scheme mandated by the Electricity Act, 2003. The company invested Rs. 16,97,564 in ASPL1 for an 8.66% stake, and Rs. 1,34,35,500 in ASPL3 for a 26% stake, taking the total commitment to about Rs. 1.51 crore. ASPL1 generated a turnover of Rs. 5.42 crore in FY25 and is already operational, while ASPL3 was recently incorporated in May 2025 and has not yet started operations. The transactions are not related-party deals and are settled in cash.
The investment is small in size and aimed at securing renewable power for the company's own use rather than driving near-term revenue. It signals a step towards clean energy adoption and compliance with the captive power framework, with limited direct effect on share price.