News

Craftsman Automation has opened a qualified institutional placement offer on 15 June 2026 to raise an amount not exceeding Rs 2,000 crore. The floor price for the said issuance is Rs 8,966.13 per equity share.

Craftsman Automation announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 13 June 2026.

The board of Craftsman Automation at its meeting held on 16 May 2026 has approved raising of fund up to Rs 2,000 crore in one or more tranches, by way of issuance of equity shares and/or any other eligible securities including but not limited to further public offer, debt, preferential allotment, rights issue, American depository receipts, global depository receipts, private placement, qualified institutions placement, or any other permissible method or combination thereof. The proceeds from the said proposed fund raise are intended to be utilized, inter-alia, towards repayment/ pre-payment, in full or in part, of certain outstanding borrowings availed by our Company.

Craftsman Automation will hold a meeting of the Board of Directors of the Company on 16 May 2026.

Craftsman Automation has appointed Arjun Shridhar, General Manager - Technology Development Division, Craftsman Storage Solutions, as Senior Management Personnel of the Company with effect from 07 May 2026.