Craftsman Automation Limited has informed the Exchange regarding 'that, the Board of Directors of DR Axion India Private Limited, a Wholly Owned Subsidiary of the Company, at their meeting held on Wednesday, the 29th October, 2025, has approved the setting up of a new plant/unit/factory at Chennai Metropolitan Area, Tamil Nadu'.
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Awaiting price reaction for this filing.
Craftsman Automation's wholly owned subsidiary, DR Axion India Private Limited, has received Board approval to set up a new manufacturing plant in the Chennai Metropolitan Area, Tamil Nadu. The decision was taken at a subsidiary board meeting on October 29, 2025. This represents a greenfield expansion by the subsidiary. No specific investment amount or timeline for the new facility has been disclosed in this announcement.
Positive for long-term growth as it signals capacity expansion in a key southern industrial hub, though near-term financial impact depends on the capex size and commissioning timeline which have not been disclosed.