Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, the Board of Directors at their meeting held on Friday, 13th June, 2025, has approved the appointment/reappointment of auditors ....
Awaiting price reaction for this filing.
The Board of Craftsman Automation approved the re-appointment of Sharp & Tannan as Statutory Auditors for a second 5-year term, subject to shareholder approval. It also appointed KSR & Co Company Secretaries LLP as Secretarial Auditors for five years (FY2025-26 to 2029-30) and re-appointed S. Mahadevan & Co as Cost Auditors for FY2025-26. The Board approved the sale of land and buildings of its wholly owned subsidiary Sunbeam Lightweighting Solutions in Gurgaon, Haryana, as the unit has already relocated operations to Rajasthan. Additionally, the company plans to invest up to Rs. 20 crore in group captive power producer companies. The 39th AGM is scheduled for July 21, 2025 via video conferencing, with July 14, 2025 fixed as the record date for dividend eligibility.
Routine governance and housekeeping items - auditor re-appointments signal continuity. The Gurgaon land sale could unlock some capital for the company, while the Rs. 20 crore captive power investment may help reduce electricity costs. Likely minimal impact on stock price as these are largely procedural matters.