Craftsman Automation Limited has informed the Exchange that the Extra -Ordinary General Meeting (EGM) of the Company will be held on Saturday, 13th June, 2026 through Video Conference (VC) or Other Audio - Visual Means (OAVM) without a common venue
CRAFTSMAN · price
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Craftsman Automation Limited's Board has approved raising funds up to Rs. 2000 crores through various capital-raising methods including equity shares, debt instruments, preferential allotments, rights issues, ADRs/GDRs, QIPs, and private placements. The proceeds will be used to repay or pre-pay outstanding borrowings of the company. An Extraordinary General Meeting is scheduled for June 13, 2026, to be held via video conference, seeking shareholder approval for these fund-raising activities. The cut-off date for determining voting eligibility is June 6, 2026.
The Rs. 2000 crore fund raise indicates potential equity dilution for existing shareholders if equity instruments are used. However, debt repayment should strengthen the balance sheet and reduce interest costs, which could be positive for long-term valuation.