We wish to inform you that the EGM of the Company will be held on Saturday, the 13th June, 2026, through video conferencing (VC) or other audio visual means (OAVN) without a common venue
CRAFTSMAN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Craftsman Automation Limited's Board of Directors has approved a proposal to raise funds up to Rs. 2000 Crores through various methods including further public offer, debt instruments, preferential allotment, rights issue, ADR/GDR, private placement, or qualified institutions placement (QIP). The fund raising will be conducted in one or more tranches and requires shareholder approval via postal ballot. The proceeds from this capital raise will be used primarily for repayment or pre-payment of the company's outstanding borrowings. The Board has also called an Extra-Ordinary General Meeting on June 13, 2026, to be held via video conferencing, with June 6, 2026 as the cut-off date for determining voting eligibility.
This is a significant dilutive event as the company may issue new equity or take on debt, potentially affecting existing shareholder value. The debt repayment intent suggests the company is proactively managing its leverage. Shareholders should monitor the specific terms and pricing of any capital raise, as this could impact earnings per share.