Craftsman Automation Limited has informed stock exchanges about receiving a Central Goods and Services Tax (CGST) order with significant tax demands for Financial Year 2019-20. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CGST Order Details

The Office of the Deputy Commissioner (DC), Division-West, CGST Faridabad has passed an order dated 30th March, 2026, under Section 74 of the Central Goods and Services Tax Act, 2017. The order pertains to alleged violations during the Financial Year 2019-20.

Financial Implications

The CGST order includes multiple components of financial demands against the company:

The tax demand of ₹11,07,211/- relates to purported inadmissible Input Tax Credit (ITC), along with applicable interest and a penalty equivalent to the tax amount. The additional interest demand of ₹40,74,968/- concerns alleged wrongful availment and utilization of ITC during the specified financial year.

Company's Response Strategy

Craftsman Automation is currently evaluating the implications of the CGST order and preparing its legal response. The company has indicated its intention to take appropriate steps, including filing an appeal against the order as deemed necessary.

The management believes that the demand is not sustainable and plans to pursue appropriate legal recourse. The company has stated that it does not foresee any material impact on its financial, operational, or other activities due to this order.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015. The company has provided comprehensive details as required under the regulatory framework, including the SEBI Master Circular issued on 11th July, 2023, and updated on 30th January, 2026.

Craftsman Automation Limited has announced an additional equity investment in RC Green Powers Private Limited (RCGPPL) as part of its wind power initiative under the Group Captive Scheme. The investment was disclosed through a regulatory filing dated 27th March, 2026.

Investment Details

The company made a further equity investment of Rs.39,500 in RCGPPL, which comprises 3,950 equity shares with a face value of Rs.10 each. This investment represents 2.63% of RCGPPL's equity share capital.

Updated Shareholding Position

Following this additional investment, Craftsman Automation's total equity shareholding in RC Green Powers Private Limited has increased to 3.51%. This investment builds upon the company's earlier investment in RCGPPL, which was previously disclosed on 24th May, 2025.

Regulatory Compliance Framework

The investment is made in compliance with the provisions of the Electricity Act, 2003, specifically for wind power generation under the Group Captive Scheme. Craftsman Automation has indicated that it may acquire or dispose of equity shares in RCGPPL from time to time to ensure continued compliance with the prescribed ownership and consumption criteria under the Act.

Disclosure Requirements

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed disclosures required under the SEBI (LODR) Regulations were previously submitted through the company's letter dated 24th May, 2025.

This strategic investment aligns with Craftsman Automation's participation in renewable energy initiatives through the Group Captive Scheme, enabling the company to access wind power for its operations while maintaining regulatory compliance.