Craftsman Automation Limited has informed the Exchange about the appointment/reappointment of Auditors.
CRAFTSMAN · price
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The board of Craftsman Automation approved the re-appointment of Sharp & Tannan as Statutory Auditors for a second five-year term and the appointment of KSR & Co Company Secretaries LLP as Secretarial Auditors for five years (FY26-FY30). S. Mahadevan & Co was also re-appointed as Cost Auditor for FY26. The board cleared the sale of land and buildings belonging to its wholly owned subsidiary Sunbeam Lightweighting Solutions in Gurgaon, with manufacturing already relocated to Rajasthan. It also approved investing up to Rs. 20 crore in group captive power companies. The 39th AGM was fixed for July 21, 2025, with July 14, 2025 set as the record date for dividend eligibility.
The auditor re-appointments are routine and signal continuity in governance. The Gurgaon land sale could bring in cash for the company, while the Rs. 20 crore captive power investment is small relative to the company's size. Investors should watch for the dividend announcement at the AGM and the eventual sale consideration from the land disposal.