Craftsman Automation Limited — Board Meeting, 29-01-2025: Outcome of Board Meeting

Craftsman Automation Limited has approved the financial results for the quarter and nine months ended 31 December 2024, alongside a Limited Review Report from statutory auditors. Additionally, the company plans to establish a new plant at SIPCOT Industrial Park, Shoolagiri, Hosur, requiring an estimated investment of ₹150 Crore. The new facility aims to enhance production capacity by 15% for Aluminium Products, facilitating better service to local automotive OEMs due to their proximity. The funding will mainly come from term loans, supplemented by internal accruals.