Craftsman Automation Limited has informed the Exchange that, pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 , and in continuation of our earlier intimation dated 19th December, 2025, we wish to inform you that Sunbeam Lightweighting Solutions Private Limited, ( Sunbeam ) a Wholly Owned Subsidiary of the Company and Shriram Pistons & Rings Limited ( SPRL ) ( Buyer ) have consummated the first tranche of the Proposed Transaction in accordance with the terms of the Asset Purchase Agreement (APA).
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Craftsman Automation's wholly owned subsidiary, Sunbeam Lightweighting Solutions, has completed the first tranche of selling its aluminium piston manufacturing line to Shriram Pistons & Rings Limited (SPRL) on 31st December 2025. The total deal is valued at Rs. 28 Crores (excluding GST), of which Rs. 10 Crores has been received in this first tranche for certain plant and machinery. The remaining Rs. 18 Crores for the rest of the assets is expected by 31st March 2026. SPRL is an independent third party buyer and not related to Craftsman Automation's promoters or group companies. The company clarified this is an asset sale (not a slump sale) and disclosed that turnover contribution details are not applicable for this transaction.
This is a relatively small divestiture (Rs. 28 Cr total) of a piston manufacturing line, helping Craftsman Automation monetize a non-core or sub-scale asset. The cash inflow modestly boosts liquidity, but the deal size is too small to materially affect the company's financials or stock price.