NSEGeneral Updates2d ago · 28 Aug 2026, 04:08 pm
General Updates
Craftsman Automation Limited · CRAFTSMAN
✦ AI SummaryJoint Venture
Craftsman Automation Limited has informed the Exchange about the incorporation of Craftsman Fronberg Precision GmbH, a Wholly Owned Subsidiary of Craftsman Germany GmbH, in Germany on 27th August, 2026.
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Growth Catalyst6/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Craftsman Automation Limited has informed the Exchange about Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI (LODR) Regulations") and with reference to our earlier intimation dated 21st August, 2026 regarding approval for incorporation of Craftsman Fronberg Precision GmbH, Germany, we wish to inform you that Craftsman Fronberg Precision GmbH has been incorporated in Germany on 27th August, 2026 as a Wholly Owned Subsidiary of Craftsman Germany GmbH, a Wholly Owned Subsidiary of the Company.
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28th August, 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 –
Incorporation of Step-down Wholly Owned Subsidiary in Germany;
Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI (LODR)
Regulations") and with reference to our earlier intimation dated 21st August, 2026 regarding
approval for incorporation of Craftsman Fronberg Precision GmbH, Germany, we wish to inform
you that Craftsman Fronberg Precision GmbH has been incorporated in Germany on 27th August,
2026 as a Wholly Owned Subsidiary of Craftsman Germany GmbH, a Wholly Owned Subsidiary
of the Company.
Accordingly, Craftsman Fronberg Precision GmbH has become a Step-Down Wholly Owned
Subsidiary of Craftsman Automation Limited with effect from 27th August, 2026.
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 above information on record.
Thanking you.
Yours faithfully,
for CRAFTSMAN AUTOMATION LIMITED
Shainshad Aduvanni
Company Secretary & Compliance Officer
Encl: Nil
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.co CIN NO: L28991TZ1986PLCO01816
www.craftsmanautomation.co 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):
Particulars Details
Name of the target entity, details in brief Craftsman Fronberg Precision GmbH, being a
such as size, turnover etc. newly incorporated entity, turnover is not
applicable.
Whether the acquisition would fall within Not applicable, since this relates to incorporation of
related party transaction(s) and whether a new wholly owned subsidiary by Craftsman
the promoter/promoter group/group Germany GmbH.
companies have any interest in the entity
being acquired
Industry to which the entity belongs Machining and processing of engine and
engineering components
Objects and impact of acquisition Craftsman Fronberg Precision GmbH has been
(including but not limited to disclosure of incorporated for undertaking machining and
reasons for acquisition of target entity, if processing activities relating to engine and
its business is outside the main line of engineering components. The incorporation is
business of the listed entity) intended to support the development of in-house
machining capabilities, strengthen operational
flexibility and support future growth of the Group's
Germany operations.
Brief details of any governmental or Not applicable
regulatory approvals required for the
acquisition
Indicative time period for completion of Not applicable
the acquisition
Nature of consideration Cash subscription to share capital.
Cost of acquisition or the price at which Initial share capital of EUR 25,000.
the shares are acquired
Percentage of shareholding/control 100% of the shareholding is held by Craftsman
acquired and/or number of shares Germany GmbH.
acquired
Brief background about the entity Craftsman Fronberg Precision GmbH was
acquired incorporated in Germany as a wholly owned
subsidiary of Craftsman Germany GmbH on 27th
August, 2026, and has become a step-down wholly
owned subsidiary of Craftsman Automation Limited
with effect from the same date.
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.co CIN NO: L28991TZ1986PLCO01816
www.craftsmanautomation.co GST NO: 33AABCC2461K1ZW