Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, the Board of Directors at their meeting held on 13th June, 2025, had approved and recommended to the Shareholders, the reappointment ....
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Craftsman Automation's board, at its meeting on June 13, 2025, approved re-appointing Sharp & Tannan as Statutory Auditors for a second 5-year term and appointed KSR & Co Company Secretaries LLP as Secretarial Auditors for FY2025-26 to FY2029-30. S. Mahadevan & Co was also re-appointed 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), following Sunbeam's relocation of manufacturing to Tapukara and Salarpur-Bhiwadi in Rajasthan. An investment of up to Rs. 20 crore was approved in group captive power companies to avail group captive electricity.
The Gurgaon land sale is a non-core asset disposal after the subsidiary's planned relocation and is subject to shareholder and statutory approvals, with no related-party involvement. The Rs. 20 crore captive power investment signals a focus on long-term energy cost savings. The 39th AGM is set for July 21, 2025 (via video conferencing), with July 14, 2025 as the record date for dividend eligibility.