Craftsman Automation promoters confirm no encumbrance over shares in FY26

1 min read     Updated on 20 Jun 2026, 09:50 AM
scanx
Reviewed by
Riya DScanX News Team
AI Summary

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.

powered bylight_fuzz_icon
43468772

*this image is generated using AI for illustrative purposes only.

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
-2.90%+6.78%+11.55%+35.21%+83.43%+451.71%

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?

Craftsman Automation raises ₹1,999.99 crore via QIP

1 min read     Updated on 19 Jun 2026, 04:23 PM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

Craftsman Automation Limited has successfully raised ₹1,99,999.95 Lakhs through a Qualified Institutions Placement (QIP) by allotting 22,98,850 equity shares at ₹8,700 per share. The issue, which opened on June 15, 2026, and closed on June 18, 2026, received approval from the Fund-Raising Committee and complies with SEBI ICDR Regulations. The allotment includes a discount of 2.97% on the floor price and increases the company's paid-up equity share capital.

powered bylight_fuzz_icon
42899870

*this image is generated using AI for illustrative purposes only.

Craftsman Automation Limited has successfully concluded its Qualified Institutions Placement (QIP), allotting 22,98,850 equity shares to eligible Qualified Institutional Buyers (QIBs) at a price of ₹8,700 per share. The issuance, which opened on June 15, 2026, and closed on June 18, 2026, raised approximately ₹1,99,999.95 Lakhs to support the company's growth plans and general corporate requirements. The Fund-Raising Committee approved the allotment at a meeting held on June 18, 2026.

The issue price of ₹8,700 per share includes a premium of ₹8,695 and incorporates a discount of ₹266.13 per share, equivalent to 2.97% of the floor price of ₹8,966.13. The issuance complies with the provisions of Chapter VI of the SEBI ICDR Regulations, 2018, and Sections 23, 42, and 62(1)(c) of the Companies Act, 2013. The Placement Document dated June 18, 2026, has been filed with BSE Limited and National Stock Exchange of India Limited.

Pursuant to the allotment, the paid-up equity share capital of the company has increased from ₹11,92,77,915 comprising 2,38,55,583 equity shares to ₹13,07,72,165 comprising 2,61,54,433 equity shares of face value of ₹5 each. The company submitted the details in compliance with Regulation 30 read with Schedule III of Part A of the SEBI LODR Regulations.

Issue Details

The key parameters of the QIP issuance are summarised below:

Particulars: Details
Type of Securities: Equity Shares
Type of Issuance: Qualified Institutions Placement
Aggregate Amount: ₹1,99,999.95 Lakhs
Floor Price: ₹8,966.13 per share
Allotment Price: ₹8,700 per share
Total Shares Allotted: 22,98,850
Issue Open Date: June 15, 2026
Issue Close Date: June 18, 2026

Major Allottees

The following are the major institutional allottees under the QIP:

Name of the Allottee: Shares Allotted % of Total Issue Size
HDFC Trustee Company Limited - HDFC Flexi Cap Fund 3,79,310 16.50
SBI Multicap Fund 1,37,931 6.00
HDFC Life Insurance Company Limited 1,14,942 5.00
SBI Life Insurance Co. Ltd 1,14,942 5.00

Historical Stock Returns for Craftsman Automation

1 Day5 Days1 Month6 Months1 Year5 Years
-2.90%+6.78%+11.55%+35.21%+83.43%+451.71%

How does Craftsman Automation plan to allocate the ₹1,99,999.95 Lakhs raised to execute its specific growth strategies?

What impact will the 9.65% equity dilution have on existing shareholders' earnings per share in the upcoming fiscal year?

Will the influx of capital lead to any mergers, acquisitions, or strategic partnerships in the near future?

More News on Craftsman Automation

1 Year Returns:+83.43%