Craftsman Automation has commenced commercial operations at its new manufacturing plant in Ludhiana, Punjab, with effect from 29 June 2026. This operational milestone marks a significant expansion of the company's production infrastructure in northern India.

New Plant Commencement Details

The key details of this operational milestone are outlined below:

The start of commercial operations at the Ludhiana facility underscores Craftsman Automation's continued focus on strengthening its manufacturing presence. The new plant adds to the company's existing network of production facilities across India.

Craftsman Automation Limited has scheduled its 40th Annual General Meeting for July 23, 2026, to seek shareholder approval for a final dividend of ₹11.25 per equity share and the re-appointment of its top leadership for a five-year term. The meeting will be conducted through Video Conference and Other Audio-Visual Means, allowing members to participate remotely. The record date for determining shareholder eligibility for the dividend and voting rights has been fixed as July 16, 2026.

The Board of Directors has recommended the final dividend of ₹11.25 per share, amounting to 225% of the face value of ₹5 each, for the financial year ended March 31, 2026. This payout is subject to the approval of the members at the AGM. If approved, the dividend will be paid within 30 days from the date of the meeting. The Register of Members will remain closed from July 17, 2026, to July 23, 2026, for this purpose.

Re-appointment of Directors

The company has proposed the re-appointment of Mr. Srinivasan Ravi as the Chairman and Managing Director for a period of five years with effect from October 1, 2026. His current term is set to expire on September 30, 2026. The resolution seeks shareholder approval for a remuneration structure that includes a fixed salary, perquisites, and a commission linked to profits, not exceeding 5% of the net profits computed under Section 198 of the Companies Act, 2013.

Additionally, the Board has recommended the re-appointment of Mr. Ravi Gauthamram as Whole Time Director for a five-year term commencing October 1, 2026. The proposed remuneration for Mr. Gauthamram includes a fixed salary and a commission capped at 1.75% of the company's profits. Both appointments are subject to the approval of shareholders via special resolutions.

Financial Performance and Ratification

The notice highlights the company's financial performance for the year ended March 31, 2026, reporting a total revenue of ₹4,818 crore and a Profit After Tax of ₹221 crore. The explanatory statement notes that the consolidated revenue increased from ₹1,560 crore in FY 2020-21 to ₹8,069 crore in FY 2025-26, demonstrating a 5-fold growth during the post-IPO period.

Shareholders will also consider the ratification of the remuneration payable to the Cost Auditors, M/s. S. Mahadevan & Co., for the financial year ending March 31, 2027. The proposed remuneration is fixed at ₹7,00,000 plus applicable taxes and reimbursement of out-of-pocket expenses. The Board has appointed Dr. C.V. Madhusudhanan as the Scrutinizer to oversee the e-voting process.

Key AGM Dates