Craftsman subsidiary completes sale of piston business assets to SPR Auto

Core Business DivestedStrategic Transactions View source PDF Explain this filing

CRAFTSMAN · price

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Price reactionminutes from the announcement price · days from the prior close

-1.8%Reaction day

₹9450.00

prior close

₹9500.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.5%-2.3% vs market

Auto Components & Equipments peers, median of 118sector+0.7%-2.5% vs sector

On the reaction day the stock moved 2.3 pts less than Nifty Smallcap 250 and 2.5 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-1.8+0.5-2.3+0.7-2.5

Next day

-1.9+1.5-3.3+2.0-3.9

-3.7+1.6-5.3+2.3-6.0

-4.2+2.0-6.2+1.5-5.7

-4.2+1.3-5.5+1.3-5.5

-3.3-0.7-2.6-0.3-3.0

-1.3+2.2-3.6+1.0-2.3

15d

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+9.9+2.5+7.4+3.5+6.5

+18.5+3.6+14.9+2.6+15.9

+8.8-0.7+9.5+2.4+6.4

UpDownMarket · Nifty Smallcap 250Sector · Auto Components & Equipments peers, median of 118Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Craftsman Automation's wholly owned subsidiary Sunbeam Lightweighting Solutions has completed the second and final tranche of its piston manufacturing asset sale to SPR Auto Technologies (formerly Shriram Pistons and Rings). The second tranche of INR 18 Crores closed on 30 June 2026, after the first tranche of INR 10 Crores on 31 December 2025. Total aggregate consideration is INR 28 Crores excluding GST, paid in cash. The transaction is now fully complete and SPR is not a related party.

Likely market impact

Piston manufacturing business fully divested; company receives INR 28 Crores cash. Neutral to slightly positive for focus on remaining auto components.