Craftsman Automation unit closes asset sale for INR 28 Cr
Craftsman Automation Limited’s subsidiary Sunbeam Lightweighting Solutions Limited completed the sale of its Piston Manufacturing Business assets to SPR Auto Technologies Limited for INR 28 Crores. The transaction, executed in two tranches on December 31, 2025, and June 30, 2026, was conducted at arm’s length and concluded under an Asset Purchase Agreement.
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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:
| Tranche | Completion Date | Consideration (INR) |
|---|---|---|
| First | 31 December 2025 | 10 Crores |
| Second | 30 June 2026 | 18 Crores |
| Total | 28 Crores |
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
Historical Stock Returns for Craftsman Automation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.69% | -1.44% | +1.56% | +13.80% | +58.66% | +391.86% |
How does Craftsman Automation plan to utilize the INR 28 Crores proceeds from this divestment?
What impact will the exit from the Piston Manufacturing Business have on Sunbeam Lightweighting's overall revenue?
Does this asset sale signal a strategic pivot for Craftsman Automation toward other business verticals?
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