BSECompany Update3d ago · 28 Oct 2026, 01:28 pm
Pursuant to Regulation 32 of the SEBI LODR Regulations, 2015, we wish to inform you that there has been no deviation or variation in the utilization of funds raised through QIP aggregating to Rs. 2000 Crores. The statement of deviation or variation in utilization of funds raised through the QIP for the quarter ended 30th September, 2026 is enclosed.
Craftsman Automation Ltd · 543276
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Craftsman Automation Ltd has informed the exchanges that there has been no deviation or variation in the utilization of funds raised through QIP aggregating to Rs. 2000 Crores. The statement of deviation or variation in utilization of funds raised through the QIP for the quarter ended 30th September, 2026 is enclosed.
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Craftsman Automation Ltd - 543276 - Statement Of Deviation Or Variation In Utilization Of Funds Raised Through Qualified Institutions Placement (QIP) - Regulation 32 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015;
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28th October, 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: Statement of Deviation or Variation in utilization of funds raised through
Qualified Institutions Placement (QIP) - Regulation 32 of the Securities and
Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015;
Pursuant to Regulation 32 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR
Regulations”), we wish to inform you that there has been no deviation or variation in the
utilisation of funds raised through the Qualified Institutions Placement (“QIP”)
aggregating to ₹2,000 crore.
The Statement of Deviation or Variation in utilisation of funds raised through the QIP for
the quarter ended 30th September, 2026 is enclosed herewith as“Annexure A”.
We further wish to inform you that the QIP proceeds have been fully utilised for the
objects for which they were raised. Accordingly, pursuant to Regulation 32(2) of the SEBI
LODR Regulations, the requirement to submit the Statement of Deviation or Variation in
respect of the said QIP shall cease hereafter.
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
STATEMENT OF DEVIATION/ VARIATION IN UTILIZATION OF FUNDS RAISED
THROUGH QIP, FOR THE QUARTER ENDED 30TH SEPTEMBER, 2026
Name of listed entity Craftsman Automation Limited
Mode of Fund Raising Qualified Institutions Placement
Date of Raising Funds 1 th June, 2026
Amount Raised Rs. 1,999,99,95,000
Report filed for Quarter ended 30th September, 2026
Monitoring Agency Applicable / Net A1313lisaele
Monitoring Agency Name CRISIL Ratings Limited
Is there a Deviation / Variation in use of No
funds raised
If yes, whether the same is pursuant to Not Applicable
change in terms of a contract or
objects, which was approved by the
shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after None
review
Comments of the Auditors, if any None
Craftsman Automation Limited
Registered Office Corporate Office f• +91 422 716 5000
Sangothipalayam Road 1087, IV., Floor Fax: +91 422 716 5056
A .. P ,1 Coimbatore -641407 Krishna Towers, Avanashi Road info@craftsmanautomation.com CIN No.: L28991TZ1986PLC001816
Tamil Nadu, India Coimbatore -641037, Tamil Nadu, India www.craftsmanautomation.com GST No.: 33AABCC2461 K2ZV
Objects for which funds have been raised and where there has been a deviation, in the
following table (Rs. in Lakhs)
Original Object Modified Original Modified Funds Amount of Remarks
Object, Allocation allocation, if Utilised Deviation/ if any
if any any* Variation for the
quarter according
to applicable
object
Repayment/ per- None 150,000.00 150,000.00 150,000.00 None No
payment, in full or in Deviation
part, of certain
borrowings availed
by the Company
General corporate 46,461.61 46,590.09* 46,590.09
purposes
Sub total 1,96,461.61 1,96,590.09 1,96,590.09
Issue Expenses 3,538.34 3,409.86* 3,409.86
Total 1,99,999.95 1,99,999.95 1,99,999.95
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter
of offer, etc.
During the quarter ended 30111 September, 2026, actual utilisation towards offer related expenses was less
than the estimated amount disclosed in the Placement Document, hence the surplus amount of Rs 128.48
lakhs from offer related expenses were transferred to General Corporate Purposes ("GCP'? object resulting
in increase in GCP amount to Rs 46,590.09 lakhs and consequential increase in the net proceeds amount
and the amount utilised for GCP does not exceed 25% of the Gross Proceeds (amounting to Rs. 49,999.99
lakhs) from the Issue.
Name of Signatory: C.B.Chandrasekar
Designation: Chief Financial Officer
Craftsman Automation Limited
Registered Office Corporate Office Phone: +91 422 716 5000
123/4, Sangothipalayam Road 1087, IV lli Floor Fax: +91 422 716 5056
Arasur . Coimbatore -641407 Krishna Towers, Avanashi Road info@craftsmanautomation.com CIN No.: L28991TZ1986PLC001816
Tamil Nadu, India Coimbatore -641037, Tamil Nadu, India www.craftsmanautomation.com GST No.: 33AABCC2461K2ZV