Subsidiary acquires Suprash Developers and Srikara Technologies for Rs 145.84 crore

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+1.0%-1.1% vs market

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On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 1.2 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.

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AI summary

Craftsman Automation's wholly owned subsidiary DR Axion India will acquire 100% of Suprash Developers Private Limited and indirectly its wholly owned subsidiary Srikara Technologies for Rs 145.84 crore in cash. The SPVs own 52.83 acres of land in Sriperumbudur, Tamil Nadu, which will be used for DR Axion's new plant. Deal to close by 31 December 2025. Not a related party transaction.

Likely market impact

Around Rs 146 crore cash outflow for land to set up new factory, supporting future capacity expansion.