Craftsman Automation Limited has informed the Exchange regarding Outcome of Board Meeting held on February 13, 2026.
CRAFTSMAN · price
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Craftsman Automation's Board of Directors, at a meeting held on February 13, 2026, approved the initiation of an evaluation process for a potential internal restructuring of its aluminium products business. The proposal involves consolidating the aluminium operations of the company and its wholly owned subsidiaries into a single wholly owned subsidiary, which may be executed through a scheme of arrangement under Sections 230-232 of the Companies Act, 2013. The Board has only approved the evaluation stage and no final decision has been taken yet. A final call will be made after the evaluation is completed, with further disclosures to follow as required by law.
This is only a preliminary step — the Board is studying a possible restructuring, not announcing a confirmed plan. Shareholders should wait for the outcome of the evaluation before drawing conclusions; stock reaction may be muted until more clarity emerges.