Craftsman Automation has announced its complete exit from equity investment in RC Green Powers Private Limited (RCGPPL) under the Group Captive Scheme. This move follows earlier intimations by the company dated 24th May 2025 and 27th March 2026 regarding its equity investment in RCGPPL.
The company has confirmed that as of the current date, it no longer holds any equity shares or other interests in RC Green Powers Private Limited. Despite the exit, Craftsman Automation has assured stakeholders that this decision does not have any material impact on its operations or financial position.
The decision to divest from RCGPPL aligns with Craftsman Automation’s strategic objectives, although specific reasons for the exit were not disclosed in the announcement. The company had previously engaged in the investment as part of its participation in the Group Captive Scheme, which allows for collective investment in power generation projects.
Craftsman Automation continues to focus on its core business operations and strategic growth initiatives, ensuring that its financial health and operational capabilities remain unaffected by this divestment.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).