craftsman automation has committed an investment of Rs.3,36,00,000 in Solarcraft Power India 24 Private Limited to secure a 26% stake in the renewable energy entity. The strategic move involves entering into a Shareholders' Agreement, Securities Subscription Agreement, and a Power Purchase Agreement to facilitate the procurement of solar power under the captive consumption provisions of the Electricity Act, 2003. The investment will be made in one or more tranches towards the subscription of Equity Shares and Compulsorily Convertible Debentures.

The primary objective of this acquisition is to comply with captive generating plant requirements and ensure a supply of renewable energy for Craftsman Automation's manufacturing operations. The company has arranged for the procurement of 7.0 MWAC solar power from the proposed captive solar power project being developed by Solarcraft in Rajasthan. This initiative aligns with the company's operational needs to integrate sustainable power sources.

Solarcraft Power India 24 Private Limited, incorporated on June 6, 2023, is engaged in the development and generation of renewable and solar power. The entity is currently developing a solar power project in Rajasthan. The investment does not fall under related party transactions, and none of the promoters or promoter group companies of Craftsman Automation hold any interest in Solarcraft.

The transaction is structured as a cash consideration and is subject to customary conditions precedent. It is anticipated that the acquisition will be completed within a period of 270 Days. While the investment provides Craftsman Automation with a 26% shareholding alongside other captive users, it does not result in the acquisition of control over Solarcraft.

Financial details of Solarcraft indicate an authorised share capital of Rs.60,00,00,000 and a paid-up share capital of Rs.10,00,000. The target entity has reported nil turnover for the financial years 2024, 2025, and 2026, as it is in the development phase of its solar power project.

Craftsman Automation Limited’s wholly owned subsidiary, Sunbeam Lightweighting Solutions Limited, has finalized the sale of identified plant and machinery and related assets to SPR Auto Technologies Limited for an aggregate consideration of INR 28 Crores. The transaction, which involved the Piston Manufacturing Business, was completed on June 30, 2026, marking the conclusion of the second and final tranche of the Asset Purchase Agreement (APA).

The sale was executed on a piecemeal basis in accordance with the terms of the APA and the subsequent Amendment Agreement entered into between Sunbeam and SPR. The first tranche of the transaction was completed on December 31, 2025, involving the transfer of certain identified assets for a consideration of INR 10 Crores, exclusive of applicable GST. The remaining assets were transferred in the second tranche on June 30, 2026, for INR 18 Crores, exclusive of applicable GST.

Transaction Details

The following table outlines the financial breakdown of the two tranches:

SPR Auto Technologies Limited, the buyer, is not classified as a related party under Section 2(76) of the Companies Act, 2013, or Regulation 2(zb) of the SEBI (LODR) Regulations, 2015. The company confirmed that SPR does not form part of the Promoter, Promoter Group, or Group Companies of Craftsman Automation Limited. The transaction was conducted at arm’s length.

The intimation regarding the completion of the sale was submitted to the stock exchanges pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The disclosure references earlier intimations dated December 19, 2025, December 31, 2025, and March 27, 2026, regarding the progression of this asset disposal.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE00LO01017/cc7db5e3a4084560.pdf