BSECompany Update30 Jul 2026 · 30 Jul 2026, 12:26 pm
In accordance with Regulation 32(6) of the SEBI (LODR) Regulations, 2015 and Regulation 173A of the SEBI (ICDR) Regulations, 2018, as amended, please find enclosed herewith the Monitoring ....
Craftsman Automation Ltd · 543276
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Craftsman Automation Ltd has released a Monitoring Agency Report for the quarter ended June 30, 2026, related to the utilization of proceeds from a Qualified Institutional Placement (QIP). The report, issued by Crisil Ratings Limited, indicates that the proceeds were utilized towards repayment of loans and other corporate purposes.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment5/10
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Craftsman Automation Ltd - 543276 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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30th July, 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: Monitoring Agency Report for the quarter ended 30th June, 2026
Pursuant to Regulation 32(6) of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 173A of
the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018, as amended, please find enclosed the Monitoring
Agency Report for the quarter ended 30 June 2026 issued by CRISIL Ratings Limited,
the Monitoring Agency appointed by the Company for monitoring the utilisation of
proceeds raised through the Qualified Institutions Placement (QIP).
The aforesaid report is also being made available on the website of the Company.
Kindly take the above information on record.
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
Monitoring Agency Report
Craftsman Automation Limited
for the quarter ended
June 30, 2026
CRL/MAR/CRAPL/2026-27/1894
July 29, 2026
Craftsman Automation Limited
123/4, Sangothipalayam Road,
Arasur Post, Coimbatore 641 407,
Tamil Nadu, India
Dear Sir,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Qualified Institutional
Placement (“QIP”) of Craftsman Automation Limited (“the Company”)
Pursuant to Regulation 173A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI
ICDR Regulations”) and Monitoring Agency Agreement dated June 12, 2026, enclosed herewith the Monitoring
Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI ICDR
Regulations towards utilization of proceeds of QIP for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Report of the Monitoring Agency (MA)
Name of the issuer: Craftsman Automation Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: No
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the
issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and
reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/
statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no
responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do
not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this
report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the
agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the
Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive
any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable.
There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the
Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer
and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA
takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: Craftsman Automation Limited
Names of the promoter: Mr. Srinivasan Ravi
Industry/sector to which it belongs: Automotive Component Manufacturing and Industrial
Engineering
2) Issue Details
Issue Period: June 15, 2026, to June 18, 2026
Type of issue (public/rights): Qualified Institutional Placement (QIP)
Type of specified securities: Equity Shares
QIP Grading, if any: NA
Issue size: Rs. 1,99,999.95 lakhs*
*Crisil Ratings shall be monitoring the Gross Proceeds
3) Details of the arrangement made to ensure the monitoring of gross proceeds:
Source of information/
Comments
certifications considered Comments of the
Particulars Reply of the Board
by Monitoring Agency Monitoring Agency
of Directors
for preparation of report
Peer-reviewed
Independent Chartered Proceeds were utilized
Accountant Certificate ^, towards repayment / pre-
Whether all utilization is as per Management payment, in full or in part,
the disclosures in the Offer Yes undertaking, Placement of certain outstanding
comments
Document? Document dated June 18, borrowings, general
2026 (hereinafter referred corporate purposes and
as “Offer Document”), issue expenses
Bank Statements
Source of information/
Comments
certifications considered Comments of the
Particulars Reply of the Board
by Monitoring Agency Monitoring Agency
of Directors
for preparation of report
Whether shareholder approval
has been obtained in case of
material deviations from NA No comments
comments
expenditures disclosed in the
Offer Document?
Whether the means of finance
for the disclosed objects of the No No comments
comments
issue has changed?
Is there any major deviation
observed over the earlier NA No comments
comments
monitoring agency reports?
Whether all
Government/statutory No
NA Peer-reviewed No comments
approvals related to the object(s) comments
Independent Chartered
have been obtained?
Accountant Certificate ^,
Whether all arrangements
Management undertaking
pertaining to technical No
NA No comments
assistance/collaboration are in comments
operation?
Are there any favorable events
improving the viability of these No No comments
comments
object(s)?
Are there any unfavorable
events affecting the viability of No No comments
comments
the object(s)?
Is there any other relevant
information that may materially No
No No comments
affect the decision making of the comments
investors?
NA represents Not Applicable
^ Certificate dated July 22, 2026, issued by M/s Suresh Surana & Associates LLP, Peer-reviewed Independent Chartered Accountant
(Firm Registration Number: 121750W/W100010).
4) Details of object(s) to be monitored:
i. Cost of the object(s):
Source of
Comments of the Board of Directors
information/ Original cost
Revised Comment
certification (as per the
Sr. Cost of the
Item considered Offer Particulars
No. (Rs. in Monitoring
Head by MA for Document) Reason of Proposed of firm
lakhs) Agency
preparation (Rs. in lakhs) Cost financing arrange-
of report revision option ments
made
Repay
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