We wish to inform you that the 39th AGM of the Company will be held on Monday, the 21st July, 2025, through Video Conferencing (VC) or Other Audio - Visual Means (OAVM) without a common venue.
Awaiting price reaction for this filing.
The board of Craftsman Automation, at its meeting on June 13, 2025, approved convening the 39th Annual General Meeting on July 21, 2025 via video conferencing, with July 14, 2025 fixed as the record date for dividend eligibility and July 15–21, 2025 as the book closure period. Sharp & Tannan Chartered Accountants was reappointed as statutory auditor for a second five-year term, KSR & Co Company Secretaries LLP was appointed as secretarial auditor for five years (FY2025-26 to FY2029-30), and S. Mahadevan & Co was reappointed as cost auditor for FY2025-26, all subject to shareholder approval. The board approved the sale of land and buildings of its wholly owned subsidiary Sunbeam Lightweighting Solutions at the Delhi-Jaipur Highway, Narsingpur, Gurgaon, after the subsidiary had already relocated its manufacturing to Tapukara and Salarpur-Bhiwadi in Rajasthan. The board also cleared an investment of up to Rs. 20 crore in group captive producer companies for captive power, and noted that buyers for the Gurgaon property are yet to be identified and are not related parties.
The Gurgaon land sale is a non-core asset divestment following Sunbeam's operational relocation to Rajasthan, which could unlock idle capital but no deal value has been disclosed yet. The Rs. 20 crore captive power investment is modest and aimed at reducing electricity costs, while auditor reappointments and AGM scheduling are routine procedural items that should not materially move the stock.