We wish to inform you that the Extraordinary General Meeting ("EGM") of the Company will be held on Saturday, the 13th June, 2026, through VC/OAVM. The notice for the EGM is enclosed.
CRAFTSMAN · price
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Craftsman Automation Limited has called an EGM on 13th June 2026 through video conferencing to seek shareholder approval for raising funds up to Rs. 2000 Crores through issuance of equity shares and/or other eligible securities. The capital raise may be done via methods including further public offer, debt issue, preferential allotment, rights issue, ADRs, GDRs, private placement, or Qualified Institutions Placement (QIP). The company states it is in an expansion phase evaluating both organic and inorganic growth opportunities to improve market share. E-voting will be available from 10th June to 12th June 2026 with a cut-off date of 6th June 2026.
Shareholders face potential dilution of their stake if equity securities are issued. The large fund raise ceiling of Rs. 2000 Crores signals significant expansion plans that could drive future growth, but investors should monitor actual utilization and dilution impact when specific proposals are announced.