Craftsman Automation Limited — Important, 22-01-2025: General Updates

The Board of Directors of Sunbeam Lightweighting Solutions Private Limited, a wholly-owned subsidiary of Craftsman Automation Limited, has approved the sale of land located in Gurgaon. This decision is pending approval from Sunbeam's shareholders, as well as necessary statutory and regulatory approvals. The completion of the sale is yet to be determined, as potential buyers have not been identified. Importantly, none of the prospective buyers will be part of the promoter or promoter group, ensuring that the transaction does not involve related parties as defined under applicable regulations. The move reflects strategic divestment, which could unlock potential value and yield positive outcomes for the company's operations. Investors should monitor this development closely for potential impacts on the company’s financials and asset management strategy.