Craftsman Automation Limited (CRAFTSMAN) — Announcement | 8 July 2026

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📢 Key Event
Craftsman Automation enters solar power investment agreement with Solarcraft

🔮 What's Next
Transaction completion expected within 270 days

💡 Investor Takeaway
This investment secures renewable energy supply for manufacturing operations through a captive solar project.

Craftsman Automation announced it will invest up to Rs.3.36 crore in Solarcraft Power India 24 Private Limited to secure solar power for its manufacturing operations under captive consumption rules. The investment involves purchasing equity shares and compulsorily convertible debentures in multiple tranches, targeting 26% ownership without gaining control. This strategic move supports the company's renewable energy procurement needs while complying with regulatory requirements for captive power generation.

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About Craftsman Automation Limited (CRAFTSMAN)

Automobile and Auto Components · Auto Components · Listed on NSE

Market Cap: ₹20,187.79 Cr P/E: 97.3

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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