Craftsman Automation Ltd

German subsidiary incorporation

• Board approval in Circular Resolution dated 21 August 2026 to incorporate Craftsman Fronberg Precision GmbH in Germany.
• Wholly owned by Craftsman Germany GmbH, becoming a step-down subsidiary of Craftsman Automation Limited on incorporation.
• Initial share capital of EUR 25,000 and cash subscription to share capital.
• Proposed for machining and processing of engine and engineering components to boost in-house capabilities.
• Subject to incorporation and registration formalities and applicable regulatory approvals.
• Proposed completion upon incorporation and registration in Germany.

Meeting Details

• Date: 14 August 2026; Time: not disclosed.
• Type/Mode: Physical meeting and one-to-one/group interactions.
• Organizer: Avendus Spark INDX Asia Edition conference.

Participants

• Company representative to attend.

Purpose

• Purpose: Analyst/institutional investor meeting at conference.

Additional Notes

• Note: No UPSI will be disclosed during the meeting.

Meeting Details

• Date: 12 August 2026; Time: not disclosed
• Type/Mode: Physical and one-to-one/group
• Event/Organizer: Emkay Confluence 2026 conference

Participants

• Company representative: Company Secretary & Compliance Officer

Purpose

• Participation in investor conference for analyst/institutional investor interaction

Additional Notes

• Schedule subject to change; no UPSI disclosed

Meeting Details

• Date and time: 30 July 2026, 3:30 PM IST.
• Event: Earnings conference call for Craftsman Automation Limited.
• Recording available on company website.

Purpose

• Discuss unaudited financial results for the quarter ended June 2026.

Business Overview

• Diversified engineering company with three verticals: Powertrain, Aluminium, Industrial & Engineering.
• End-to-end solution provider with in-house design, process engineering, manufacturing.
• 31 facilities; 28 integrated; 2 under construction in Hosur & Chennai; 1 in Germany.
• Inorganic growth via DR Axion, Sunbeam, Suprash, and Srikara acquisitions.
• Greenfield expansions planned at Bhiwadi, Kothavadi, Hosur; Ludhiana satellite unit planned.

Operational Highlights

• FY26 revenue ₹8,069 crores; EBITDA ₹1,299 crores, the highest revenue from operations.
• 8 million sq ft built-up footprint across 31 facilities.
• Two plants under construction in Hosur and Chennai; additional greenfields at Hosur, Kothavadi, Bhiwadi.
• New satellite unit at Ludhiana announced.
• Scheme of Arrangement filed to merge DR Axion, Suprash and Srikara into Sunbeam Lightweighting Solutions.

Financial Performance

• FY26 revenue ₹8,069 crores; EBITDA ₹1,299 crores.
• Market capitalization around ₹24,734 crores; listed on BSE/NSE since March 2021.

Strategic Priorities & Outlook

• Strategic emphasis on greenfield capacity additions and mergers to expand lightweighting capability.
• Proposed Hosur unit 3 greenfield facility.
• Ludhiana satellite unit to support expansion and Sunbeam integration.
• New greenfields at Bhiwadi, Kothavadi, and Hosur.
• Scheme of Arrangement filed to merge DR Axion, Suprash, and Srikara into Sunbeam Lightweighting Solutions.

Governance & Leadership

• Chairman and MD: Srinivasan Ravi.
• Whole-time Director: Ravi Gauthamram.
• Independent Directors: Vijaya Sampath, TSV Rajagopal, Rajeswari Karthigeyan.
• CFO: C.B. Chandrasekar.
• Company Secretary & Compliance Officer: Shainshad Aduvanni.

Issue overview

• QIP of equity shares; no undersubscription reported.
• Main objectives: debt repayment and general corporate purposes.
• Utilisation per MA: as disclosed; no deviations observed.
• Issue expenses revised; board approved corrected amount.

Utilisation of proceeds

• Repayment of borrowings fully utilized per note.
• General corporate purposes partially utilized; remaining idle.
• Issue expenses partially utilized; remaining unutilized.
• Means of finance unchanged; no material changes.

GCP utilization

• GCP utilized: 2,904.17 lakhs for operational payments (land lease).
• Board approval for GCP allocation not reported.

Deployment of unutilised proceeds

• Unutilised proceeds parked in fixed deposits and monitoring account.
• Total unutilised funds as of quarter end reported.
• Interest income from unutilised proceeds not included in MA scope.

Delay in implementation

• No delay in utilization reported.

Governance and compliance

• Deviations from objects: none observed.
• Approvals status not explicitly detailed in report.
• No material events affecting viability reported.

QIP utilisation status

• Mode of fund raising: Qualified Institutions Placement.
• Funds raised: disclosed in filing.
• Date of raising funds: not disclosed.
• Deviation in use of funds: No.
• Monitoring agency involvement: external ratings agency.
• Audit Committee comments: None.
• Original vs modified objects: No deviation reported.
• Utilisation status: aligned with original allocations; no deviation.

New Hosur aluminium facility

• Board approves new aluminium products facility at Hosur, Tamil Nadu (Unit 3).
• Existing capacity utilization is approximately 85%.
• Capacity addition to cater to incremental Southern India automotive OEM demand.
• Commissioning expected within 6-8 months, subject to approvals.
• Investment plan: Phase I Rs 100 crore; Phase II Rs 150 crore.
• Financing: predominantly term loans; balance from internal accruals.
• Rationale: proximity to key OEMs to enhance growth and logistics.

Financial results approved

• Unaudited standalone and consolidated Q1 2026 results approved with Limited Review Report.
• Audit Committee reviewed results; auditors issued unmodified review conclusions.

New Hosur plant and capacity plan

• Board approved a new Hosur unit (Unit 3) in Tamil Nadu.
• Capacity addition planned in two phases: Phase I Rs 100 crores.
• Phase II estimated Rs 150 crores; financed by term loans and internal accruals.
• Facility to be commissioned within 6–8 months, subject to approvals.
• Existing aluminium capacity utilization ~85%; Hosur site aligns with key OEM customers.

QIP and funding actions

• QIP: 22,98,850 equity shares issued at ₹1.5 each.
• Proceeds partly utilised; balance ₹91,208 lakhs to be used subsequently.
• Transaction costs ₹1,000 lakhs adjusted against securities premium.

Corporate restructuring

• Composite scheme approved to amalgamate DR Axion India Ltd into Sunbeam Lightweighting Solutions Ltd; subject to NCLT.
• Board had approved this arrangement on 11 March 2026.

Management appointment

• Mr. Santosh Kumar Singh appointed Senior Management Personnel, effective 29 July 2026.
• Singh to serve as Senior Vice President - Operations.

Auditor remarks

• Independent auditors issued unmodified conclusions on standalone and consolidated results.