We wish to inform you that the Board of Directors at their meeting held on 7th May, 2026 (today) has inter-alia approved the attached items.
CRAFTSMAN · price
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Craftsman Automation Limited's Board of Directors approved the audited standalone and consolidated financial results for FY2026. Consolidated revenue grew 42% year-on-year to Rs. 8,06,927 lakhs, while consolidated profit after tax nearly doubled to Rs. 38,399 lakhs from Rs. 20,087 lakhs. The company operates across three segments: Powertrain, Aluminium Products, and Industrial & Engineering. The Board recommended a final dividend of Rs. 11.25 per share (225% on face value of Rs. 5), subject to shareholder approval at the 40th AGM scheduled for 23rd July 2026. The auditors issued an unmodified opinion on the financial statements. The Board also re-appointed Mr. Srinivasan Ravi as Chairman and Managing Director and Mr. Ravi Gauthamram as Whole Time Director for 5 years each, subject to shareholder approval.
Strong financial performance with near-doubling of profits is positive for shareholders. The dividend payout provides immediate returns. The AGM scheduled for 23rd July 2026 with record date 16th July 2026 will determine dividend eligibility.