Craftsman Automation Limited has informed the Exchange that the 39th AGM of the Company will be held on Monday, 21st July, 2025, through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) without a common venue.
CRAFTSMAN · price
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Craftsman Automation's board, which met on June 13, 2025, approved several items. It re-appointed Sharp & Tannan as statutory auditors for a second 5-year term (covering the 39th to 44th AGM) and KSR & Co Company Secretaries LLP as secretarial auditors for FY 2025-26 to 2029-30, both pending shareholder approval. S. Mahadevan & Co was re-appointed as cost auditor for FY 2025-26. The board approved the sale of land and buildings of its wholly owned subsidiary Sunbeam Lightweighting Solutions in Gurgaon, which has already shifted manufacturing to Tapukara and Salarpur-Bhiwadi in Rajasthan, with all unionised workmen opting for VRS. It also cleared an investment of up to Rs. 20 crore in group captive power companies. The 39th AGM is fixed for July 21, 2025 via video conferencing, with the record date for dividend eligibility set as July 14, 2025.
Routine governance items like auditor re-appointments and AGM scheduling are unlikely to move the stock. The Rs. 20 crore captive power investment is small relative to the company's size. The Gurgaon land sale could provide a one-time cash inflow once a buyer is identified, though the quantum is not yet disclosed and subject to shareholder approval.