Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, the Board of Directors of the Company at their meeting held on 13th June, 2025, had approved the sale/disposal of the land ....
Awaiting price reaction for this filing.
Craftsman Automation's board, meeting on 13th June 2025, approved multiple items. These include the re-appointment of Sharp & Tannan as Statutory Auditors for a second 5-year term, the appointment of KSR & Co Company Secretaries LLP as Secretarial Auditors for FY2025-26 to FY2029-30, and the re-appointment of S. Mahadevan & Co as Cost Auditors for FY2025-26. The board also approved the sale/disposal of land and buildings held by its wholly owned subsidiary Sunbeam Lightweighting Solutions in Gurgaon, since Sunbeam has already relocated its manufacturing operations to Tapukara and Salarpur-Bhiwadi in Rajasthan. Additionally, the board cleared an investment of up to Rs. 20 crore in group captive power companies, fixed 14th July 2025 as the record date for dividend eligibility, and scheduled the 39th AGM for 21st July 2025 via video conferencing.
The land sale is a routine asset monetisation step after operations were already shifted, so it is unlikely to materially affect the stock price. The AGM and record date announcements signal that a dividend may be proposed at the upcoming shareholder meeting.