Craftsman Automation Limited has informed the Exchange regarding Outcome of Board Meeting held on May 07, 2026.
CRAFTSMAN · price
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Craftsman Automation reported strong FY26 results with consolidated revenue growing 41.8% YoY to Rs. 8,06,927 lakhs and net profit jumping 91.5% to Rs. 38,399 lakhs. The Board approved audited standalone and consolidated financials with an unmodified opinion from auditors. Key decisions include re-appointment of Chairman & MD Srinivasan Ravi and Whole Time Director Ravi Gauthamram for 5 years each (subject to shareholder approval), appointment of Mr. Arjun Shridhar as Senior Management Personnel, and re-appointment of S.Mahadevan & Co as Cost Auditors. The Board recommended a final dividend of Rs. 11.25 per share (225% on Rs. 5 face value), with record date July 16, 2026. The 40th AGM is scheduled for July 23, 2026. Exceptional items of Rs. 1,295 lakhs include Rs. 422 lakhs impact from new labour codes.
Strong financial performance with near-doubling of net profit reflects robust operational growth across all three segments. The dividend payout signals confidence in cash generation, while the consolidation scheme (DR Axion into Sunbeam) indicates ongoing portfolio optimization. Shareholders should benefit from both earnings growth and dividend payout pending approvals.