Craftsman Automation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 21, 2025
CRAFTSMAN · price
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Craftsman Automation held its 39th AGM on July 21, 2025, via video conference, lasting just 25 minutes (4:00 PM to 4:25 PM IST). Shareholders approved the audited financial statements for FY25 and declared a final dividend of ₹5 per equity share — a 100% payout on the face value of ₹5. Mr. Ravi Gauthamram, retiring by rotation, was re-appointed as a director, and M/s. Sharp & Tannan were re-appointed as statutory auditors for a second 5-year term. M/s. KSR & Co Company Secretaries LLP were appointed as secretarial auditors for 5 years, and cost auditor remuneration for FY26 was ratified. A special resolution was passed approving the sale or disposal of land and buildings owned by wholly owned subsidiary Sunbeam Lightweighting Solutions Private Limited in Gurgaon, Haryana. The meeting had full quorum throughout, with all six directors, the CFO, Company Secretary, and auditors in attendance.
The ₹5 final dividend (100% on face value) is a positive cash return for shareholders, though routine. The approval to sell the Gurgaon land and buildings of subsidiary Sunbeam Lightweighting Solutions could unlock capital and signal portfolio restructuring. The re-appointment of the existing statutory auditor and Whole Time Director suggests continuity in governance, with no major disruptions expected.