Craftsman Automation has received reaffirmation in credit ratings for bank facilities at `CRISIL AA-;Stable/ CRISIL A1+`. Powered by Capital Market - Live News

Net profit of Craftsman Automation declined 28.58% to Rs 53.19 crore in the quarter ended June 2024 as against Rs 74.48 crore during the previous quarter ended June 2023. Sales rose 10.94% to Rs 1151.19 crore in the quarter ended June 2024 as against Rs 1037.63 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1151.191037.63 11 OPM %17.1420.65 - PBDT153.20175.74 -13 PBT80.71107.45 -25 NP53.1974.48 -29 Powered by Capital Market - Live News

Craftsman Automation has executed a contribution, share sale and purchase agreement for the acquisition of 25,000 equity shares representing 100% of the share capital of INOS 24-004 GmbH (the German Holdco). The German Holdco has a wholly owned subsidiary, namely INOS 24-003 GmbH (the �German Sub�) also incorporated in Germany. With the acquisition, the German Holdco is now a wholly-owned foreign subsidiary of the Company and the German Sub a wholly owned step down subsidiary of the Company. Accordingly, the Company has acquired control over the German Holdco and German Sub.Powered by Capital Market - Live News

Craftsman Automation will hold a meeting of the Board of Directors of the Company on 24 July 2024.Powered by Capital Market - Live News

Craftsman Automation announced the closure of the QIP issue on 21 June 2024. The company has determined and approved the issue price for 27,27,272 equity shares to be allotted to eligible qualified institutional buyers at a price of Rs.4,400 per equity share, including a premium of Rs.4,395 per equity share, [which takes into account a discount of Rs. 26.11 per equity share (0.60% of the floor price) on the floor price. Powered by Capital Market - Live News