Craftsman Automation promoter sells shares worth ₹485.62 crore

1 min read     Updated on 26 Jun 2026, 06:37 AM
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AI Summary

Srinivasan Ravi, Promoter, Chairman and Managing Director of Craftsman Automation Limited, sold 5,25,000 equity shares on June 23, 2026, via the open market on the NSE. The sale, valued at ₹4,85,62,50,000, reduced his shareholding from 40.15% to 38.14%. The disclosure was filed under SEBI (Prohibition of Insider Trading) Regulations, 2015.

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Srinivasan Ravi, Promoter, Chairman and Managing Director of Craftsman Automation Limited , sold 5,25,000 equity shares on June 23, 2026, reducing his stake in the company to 38.14% from 40.15%. The transaction, executed through the open market on the National Stock Exchange of India Limited, involved a total value of ₹4,85,62,50,000. The total voting capital of Craftsman Automation Limited stands at 2,61,54,433 equity shares of ₹5 each.

The disclosure was submitted to the stock exchanges pursuant to Regulation 7(2) read with Regulation 6(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Shainshad Aduvanni, Company Secretary & Compliance Officer of Craftsman Automation Limited, filed the intimation on June 25, 2026.

Transaction Details

The sale involved the disposal of 5,25,000 equity shares, representing 2.01% of the total share capital. The mode of disposal was the open market, and the shares were listed on both BSE Limited and National Stock Exchange of India Limited.

Particulars Details
Name of the Promoter Mr. Srinivasan Ravi
Category Promoter, Chairman and Managing Director
Securities sold Equity Shares
Number of shares sold 5,25,000
Value of transaction ₹4,85,62,50,000
% of total share capital sold 2.01%
Date of sale June 23, 2026
Mode of disposal Open Market
Exchange NSE

Change in Holding

Prior to the transaction, Srinivasan Ravi held 1,05,00,000 equity shares, accounting for 40.15% of the paid-up share capital. Following the sale, his holding has decreased to 99,75,000 equity shares, which constitutes 38.14% of the total voting capital. There were no changes to the company's total equity share capital or total diluted share capital as a result of this transaction.

Historical Stock Returns for Craftsman Automation

1 Day5 Days1 Month6 Months1 Year5 Years
-1.41%-2.60%+6.32%+31.12%+76.33%+424.28%

What are the potential strategic reasons behind the promoter's decision to reduce his stake at this time?

How might this significant stake sale impact investor confidence and the stock's short-term performance?

Will the proceeds from the sale be reinvested into the company or utilized for other personal ventures?

Craftsman Automation promoters confirm no encumbrance over shares in FY26

1 min read     Updated on 20 Jun 2026, 09:50 AM
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Craftsman Automation Limited disclosed that its promoters and promoter group members did not encumber any shares during the financial year ended March 31, 2026. The confirmation, submitted by Srinivasan Ravi, complies with SEBI Regulation 31(4) and was addressed to BSE and NSE listing managers.

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Craftsman Automation Limited has confirmed that none of its promoters or members of the promoter group have encumbered any shares held by them during the financial year ended March 31, 2026. The disclosure was submitted to the stock exchanges by Srinivasan Ravi, a Promoter of the company, on behalf of the promoter and promoter group and persons acting in concert. This confirmation is in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration explicitly states that no shares of the company were encumbered, directly or indirectly, by the specified individuals throughout FY26. The filing serves as a formal declaration to the exchanges, ensuring transparency regarding the holding status of the promoter group. The disclosure was addressed to the Manager of Listing at both BSE Limited and the National Stock Exchange of India Limited.

The list of individuals covered under this disclosure includes the promoter and four members of the promoter group. The confirmation was signed digitally by Srinivasan Ravi on April 6, 2026. A copy of the disclosure has also been forwarded to the Audit Committee of Craftsman Automation Limited.

Promoter and Promoter Group Details

The following individuals were included in the disclosure as Promoters and members of the Promoter Group:

Sr.No. Name(s) of the Promoter and Persons Acting in Concert (PAC) with the Promoter Whether the person belongs to Promoter/ Promoter group
1. Mr. Srinivasan Ravi Promoter
2. Mr. Ravi Gauthamram Promoter Group
3. Mrs. Chithra Ravi Promoter Group
4. Mrs. Mirthula R. Promoter Group
5. Mr. Murali S. Promoter Group

The filing confirms that the shareholding of these individuals remains free from any encumbrance for the specified financial year.

Historical Stock Returns for Craftsman Automation

1 Day5 Days1 Month6 Months1 Year5 Years
-1.41%-2.60%+6.32%+31.12%+76.33%+424.28%

Does the absence of share encumbrance signal potential plans by the promoter group to increase their stake in the company?

How might this clean holding status influence Craftsman Automation's ability to raise capital or secure corporate debt in the future?

Could this disclosure be a precursor to strategic mergers, acquisitions, or divestments by the company?

More News on Craftsman Automation

1 Year Returns:+76.33%