Craftsman Automation Limited has informed the Exchange about that the Shareholders of Sunbeam Lightweighting Solutions Private Limited ( Sunbeam ), a Wholly Owned Subsidiary of the Company, on recommendation of their Board of Directors has, on 19th December, 2025, approved the sale of certain identified plant and machinery and related assets in relation to aluminum piston manufacturing business to Shriram Pistons & Rings Limited ( SPRL ), on a piecemeal basis ( Proposed Transaction ). Sunbeam and SPRL propose to enter into an Asset Purchase Agreement in connection with the Proposed Transaction.
CRAFTSMAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Craftsman Automation's wholly owned subsidiary, Sunbeam Lightweighting Solutions, has approved the sale of plant, machinery, and related assets tied to its aluminum piston manufacturing business. The buyer is Shriram Pistons & Rings Limited (SPRL), and the sale will happen on a piecemeal basis. Both parties will now sign an Asset Purchase Agreement to formalise the deal. The transaction was approved by Sunbeam's Board and shareholders on 19th December 2025. This effectively means Craftsman is exiting the aluminum piston manufacturing space through its subsidiary.
This is a focused portfolio rationalisation move — Craftsman is monetising a non-core subsidiary business to streamline operations. Proceeds could strengthen cash reserves or fund core growth areas, though the piecemeal sale may take time to fully conclude. The deal removes a potential drag segment and could be viewed positively if valuation is attractive.