Craftsman Automation has announced its board’s decision to raise funds up to ₹2000 crore. This strategic move is aimed at bolstering the company’s financial position, with the funds intended for repayment or pre-payment of certain outstanding borrowings.
The board of directors approved the plan during a meeting held on 16th May 2026. The company plans to execute the fund-raising initiative through various means, including the issuance of equity shares, further public offers, debt, preferential allotment, rights issues, American Depository Receipts, Global Depository Receipts, private placements, or qualified institutions placements. The exact method and timing will be determined by the board or the Fund Raising Committee, subject to necessary regulatory and shareholder approvals.
In addition to the fund-raising decision, Craftsman Automation has scheduled an Extraordinary General Meeting (EGM) on 13th June 2026. The meeting will be conducted via video conference or other audio-visual means, allowing shareholders to participate and vote on the proposed resolutions without a physical venue. The cut-off date for determining the eligibility of shareholders entitled to vote electronically at the EGM is set for 6th June 2026.
The board has authorised the Fund Raising Committee to oversee and execute all necessary actions related to the fund-raising process. This initiative reflects Craftsman Automation’s commitment to strengthening its financial structure and supporting its growth objectives.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).