NSEGeneral Updates30 Jun 2026 · 30 Jun 2026, 06:04 pm

General Updates

Craftsman Automation Limited · CRAFTSMAN

✦ AI SummaryDivestiture

Craftsman Automation Limited has completed the sale of certain plant and machinery and related assets to SPR Auto Technologies Limited, a wholly-owned subsidiary of the company, as part of the Piston Manufacturing Business.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10

✦ Ask a Question

Ask anything about this announcement — AI will answer based on the filing content.

0/500

Full Announcement

Craftsman Automation Limited has informed the Exchange that in continuation of our earlier intimations dated 19th December, 2025, 31st December, 2025 and 27th March, 2026, we wish to inform you that Sunbeam Lightweighting Solutions Limited (formerly Sunbeam Lightweighting Solutions Private Limited) ( Sunbeam ), a Wholly Owned Subsidiary of the Company, and SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) ( SPR") have completed the closing formalities for the second tranche and have consummated the sale of certain identified plant and machinery and related assets in relation to the Piston Manufacturing Business by Sunbeam to SPR, on a piecemeal basis, in accordance with the terms of the Asset Purchase Agreement ( APA ) and the Amendment Agreement to the APA ( Amendment Agreement ) entered into by and between Sunbeam and SPR.

Attachments (1)

📄

CRAFTSMAN_30062026175555_SB_intimation_to_SE_sale_of_piston_business_Tranche_2_Final_2_signed.pdf

pdf

Download →
View document text
30th June, 2026 The Manager - Listing, The Manager - Listing, BSE Limited, National Stock Exchange of India Limited, Rotunda Building, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 543276 Stock Code: CRAFTSMAN Dear Sir/Madam, Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref: Our earlier intimations dated 19th December, 2025, 31st December, 2025 and 27th March, 2026 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI (LODR) Regulations, 2015”), and in continuation of our earlier intimations dated 19th December, 2025, 31st December, 2025 and 27th March, 2026, we wish to inform you that Sunbeam Lightweighting Solutions Limited (formerly Sunbeam Lightweighting Solutions Private Limited) (“Sunbeam”), a Wholly Owned Subsidiary of the Company, and SPR Auto Technologies Limited (formerly Shriram Pistons & Rings Limited) (“SPR") have completed the closing formalities for the second tranche and have consummated the sale of certain identified plant and machinery and related assets in relation to the Piston Manufacturing Business by Sunbeam to SPR, on a piecemeal basis, in accordance with the terms of the Asset Purchase Agreement (“APA”) and the Amendment Agreement to the APA (“Amendment Agreement”) entered into by and between Sunbeam and SPR. Accordingly, the transaction contemplated under the APA read with the Amendment Agreement stands fully completed. The detailed disclosure as required under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015 and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 issued on 11th July, 2023 (as updated on 30th January, 2026) is enclosed as “Annexure-A” herewith for your perusal. Kindly take the same into your records. Thanking you. Yours faithfully, for CRAFTSMAN AUTOMATION LIMITED Shainshad Aduvanni Company Secretary & Compliance Officer Encl: As above Craftsman Automation Limited Registered Office: Corporate Office: 123/4, Sangothipalayam Road, No.1087, 4th & 5th Floor, Krishna Towers, Tel + 91 422 71 610 00 Arasur Post, Coimbatore – 641 407 Avinashi Road, Coimbatore - 641037 fax + 91 422 71 612 34 Tamil Nadu, India Tamil Nadu, India info@craftsmanautomation.com CIN NO: L28991TZ1986PLCO01816 www.craftsmanautomation.com GST NO: 33AABCC2461K1ZW ANNEXURE - A DETAILS AS REQUIRED UNDER REGULATION 30 READ WITH SCHEDULE III PART A OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 AND SEBI MASTER CIRCULAR NO. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 ISSUED ON 11th JULY, 2023 (AS UPDATED ON 30TH JANUARY, 2026): Sl.No. Particulars Remarks 1. The amount and percentage of the Considering that the sale is of an asset, the turnover or revenue or income and net said details are not applicable. worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year. 2. Date on which the agreement for sale Asset Purchase Agreement dated 19th has been entered into; December, 2025, read with the Amendment Agreement dated 27th March, 2026. 3. The expected date of completion of The first tranche of the transaction was sale/disposal; completed on 31st December, 2025, pursuant to which the Company transferred certain identified plant and machinery along with the related books and records for a consideration of INR 10 Crores, exclusive of applicable GST. The second and final tranche of the transaction was completed on 30th June, 2026, pursuant to which the Company transferred the remaining identified plant and machinery along with the related books and records for a consideration of INR 18 Crores, exclusive of applicable GST. Accordingly, the transaction stands completed on 30th June, 2026. 4. Consideration received from such The aggregate consideration for the sale/disposal; transaction is INR 28 Crores, exclusive of applicable GST, payable by SPR in cash in accordance with the terms and conditions of the APA read with the Amendment Agreement. Sunbeam had received INR 10 Crores (exclusive of applicable GST) on 31st December, 2025 and the remaining consideration of INR 18 Crores (exclusive of applicable GST) was received on 30th June, 2026. Craftsman Automation Limited Registered Office: Corporate Office: 123/4, Sangothipalayam Road, No.1087, 4th & 5th Floor, Krishna Towers, Tel + 91 422 71 610 00 Arasur Post, Coimbatore – 641 407 Avinashi Road, Coimbatore - 641037 fax + 91 422 71 612 34 Tamil Nadu, India Tamil Nadu, India info@craftsmanautomation.com CIN NO: L28991TZ1986PLCO01816 www.craftsmanautomation.com GST NO: 33AABCC2461K1ZW Sl.No. Particulars Remarks 5. Brief details of buyers and whether any SPR having its Registered Office at Third of the buyers belong to the promoter/ Floor, Himalaya House, 23 Kasturba promoter group/group companies. If Gandhi Marg, New Delhi, Delhi, India, yes, details thereof; 110001. SPR does not form part of the Promoter, Promoter Group, or Group Companies. 6. Whether the transaction would fall within SPR is not a related party as defined under related party transactions? If yes, Section 2(76) of the Companies Act, 2013, whether the same is done at “arm’s Regulation 2(zb) of the Listing length”; Regulations, and the applicable Accounting Standards. 7. Whether the sale, lease or disposal of Not Applicable the undertaking is outside the Scheme of Arrangement? If yes, details of the same including compliance with Regulation 37A of the SEBI (LODR) Regulations; 8. Additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation /merger, shall be disclosed by the listed entity with respect to such slump sale. Craftsman Automation Limited Registered Office: Corporate Office: 123/4, Sangothipalayam Road, No.1087, 4th & 5th Floor, Krishna Towers, Tel + 91 422 71 610 00 Arasur Post, Coimbatore – 641 407 Avinashi Road, Coimbatore - 641037 fax + 91 422 71 612 34 Tamil Nadu, India Tamil Nadu, India info@craftsmanautomation.com CIN NO: L28991TZ1986PLCO01816 www.craftsmanautomation.com GST NO: 33AABCC2461K1ZW