Pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015, we wish to inform you that the Company has made an equity investment in LS Mill Solar Green Energy Limited for solar power ....
Awaiting price reaction for this filing.
Craftsman Automation has made a small equity investment of Rs. 1,39,300 in LS Mill Solar Green Energy Limited by subscribing to 13,930 equity shares of Rs. 10 each. This gives the company a 13.93% stake in LS Mill, which was incorporated on May 10, 2024 and is engaged in solar power generation. The investment is a cash deal and was completed on June 24, 2025. The purpose is to enable Craftsman Automation to procure solar and wind power under the Group Captive Scheme as mandated by the Electricity Act, 2003. The transaction is not a related party deal and no government approvals were needed.
This is a minor, compliance-driven investment for captive power sourcing and will have no material impact on the company's financials or stock price. It signals the company's intent to source renewable energy for its operations.