Craftsman Automation Limited , a prominent player in the automotive and industrial engineering sectors, has marked a significant milestone in its expansion journey. The company officially commenced commercial operations at its new manufacturing facility located in Shoolagiri, Hosur, on October 16, 2025.

Key Details of the New Plant

This strategic move aligns with Craftsman Automation's growth plans, which were initially disclosed to stakeholders on January 29, 2025. The company's decision to establish this new manufacturing unit underscores its commitment to expanding its production capabilities.

Implications for Stakeholders

The launch of this new facility may have several implications for the company and its stakeholders:

1. Enhanced Production Capacity: The new plant could potentially boost Craftsman Automation's overall manufacturing output.

2. Technological Advancements: While specific details about the plant's capabilities are not provided, new facilities often incorporate the latest technologies.

3. Employment Generation: The establishment of a new manufacturing unit typically creates job opportunities, potentially contributing to local economic development.

4. Strategic Location: Hosur, known for its industrial ecosystem, particularly in the automotive sector, may provide Craftsman Automation with strategic advantages in terms of supply chain and logistics.

As Craftsman Automation continues to expand its operational footprint, investors and industry observers will likely monitor how this new facility impacts the company's performance and market position in the coming quarters.

The company's disclosure of this development, in line with SEBI regulations, demonstrates its commitment to transparency and timely communication with its stakeholders.

Craftsman Automation Limited , a prominent player in the manufacturing sector, has made a strategic move into the renewable energy space by investing in Eastsquare Energy India Private Limited (EEIPL). The company has acquired a 26% stake in EEIPL, marking its entry into the solar power segment under the Group Captive Scheme.

Investment Details

Craftsman Automation has invested Rs 2.60 lakh to acquire 26,000 equity shares of EEIPL, each with a face value of Rs 10. This investment gives Craftsman a 26% shareholding in the solar power company. The transaction was completed through cash consideration, as disclosed in a regulatory filing.

Purpose of Investment

The primary objective behind this investment is to facilitate the purchase of solar power under the Group Captive Scheme, in compliance with the Electricity Act, 2003. This move aligns with the growing trend of manufacturing companies investing in renewable energy sources to meet their power needs more sustainably and cost-effectively.

About Eastsquare Energy India Private Limited

EEIPL, the company in which Craftsman has invested, is a relatively new player in the power generation and transmission business. Key details about EEIPL include:

• Incorporation Date: September 26, 2023
• Registered Office: S.F.No.43/2, D.No.1/689, SAP Western City, Chettipalayam Road, Chinnia Gounden Palayam, Panickampatti, Coimbatore, Palladam – 641664, Tamil Nadu
• Authorized Capital: Rs 15.00 lakh
• Paid-up Capital: Rs 10.00 lakh
• FY 2024-25 Turnover: Rs 61.76 crore

Transaction Insights

Craftsman Automation has clarified that this investment does not fall under the category of related party transactions. The company has also confirmed that none of its promoters, promoter group, or group companies have any interest in EEIPL.

Regulatory Compliance

The investment has been made in accordance with the provisions of the Electricity Act, 2003, and does not require any specific governmental or regulatory approvals.

Conclusion

This strategic investment by Craftsman Automation Limited in the solar power sector through EEIPL demonstrates the company's commitment to sustainable energy solutions. By participating in the Group Captive Scheme, Craftsman aims to optimize its energy costs while contributing to the growth of renewable energy in India's industrial sector.