Craftsman Automation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 21, 2025
CRAFTSMAN · price
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Craftsman Automation has called its 39th AGM for July 21, 2025 at 4:00 PM, to be held via video conferencing. Key items on the agenda include adoption of FY25 audited financial statements, declaration of a final dividend of ₹5 per equity share (100% on face value of ₹5), and re-appointment of director Mr. Ravi Gauthamram who retires by rotation. Shareholders will also vote on re-appointing Sharp & Tannan as statutory auditors for a second 5-year term (with audit fee of ₹80 lakhs for FY26-27) and on appointing KSR & Co as secretarial auditors for 5 years from FY25-26 to FY29-30. A special resolution seeks approval to sell or dispose of about 16.184 acres of land and buildings belonging to its wholly owned subsidiary Sunbeam Lightweighting Solutions in Gurgaon, Haryana. The e-voting window runs from July 18-20, 2025, with the cut-off/record date set as July 14, 2025, and the register of members will be closed from July 15-21, 2025.
The 100% final dividend signals healthy shareholder returns and decent cash generation for FY25. The proposed sale of the subsidiary's Gurgaon land could unlock value or signal restructuring of non-core assets, while routine auditor re-appointments are largely procedural. Overall, this is a routine AGM notice with one material item (asset disposal) for shareholders to evaluate.