Craftsman Automation has announced plans to raise funds up to ₹2000 crore through the issuance of equity shares and other eligible securities in multiple tranches. The decision was approved by the company’s Board of Directors at a meeting held on 16th May 2026.
The company aims to utilise the proceeds from the fundraise to repay or pre-pay certain outstanding borrowings. The fundraise may be executed through various methods including further public offers, debt, preferential allotment, rights issues, American depository receipts, global depository receipts, private placements, and qualified institutions placements, among others.
The board has authorised the Fund Raising Committee to make necessary decisions regarding the timing, pricing, and terms of the issuance, subject to regulatory approvals and shareholder consent. The shareholders’ approval will be sought at an Extra-Ordinary General Meeting (EGM) scheduled for 13th June 2026, which will be conducted through video conferencing or other audio-visual means.
Additionally, 6th June 2026 has been set as the cut-off date for determining the eligibility of equity shareholders entitled to vote electronically at the EGM.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).