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
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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.
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CRAFTSMAN_30062026175555_SB_intimation_to_SE_sale_of_piston_business_Tranche_2_Final_2_signed.pdf
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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