Key Details and Approvals
The Board of Directors of Craftsman Automation Limited approved the proposal via a Circular Resolution dated 21st August 2026. The approval is for the incorporation of Craftsman Fronberg Precision GmbH in Germany by Craftsman Germany GmbH (a wholly owned subsidiary of Craftsman Automation Limited). The incorporation is subject to the completion of statutory and regulatory formalities and any other approvals required under applicable laws.
Upon successful incorporation, Craftsman Fronberg Precision GmbH will become a wholly owned subsidiary of Craftsman Germany GmbH and consequently a step-down wholly owned subsidiary of Craftsman Automation Limited.
Detailed Particulars (From Annexure-A)
- Name of Target Entity: Craftsman Fronberg Precision GmbH (proposed to be incorporated).
- Industry: Machining and processing of engine and engineering components.
- Object and Impact: The entity is being incorporated to undertake machining and processing activities for engine and engineering components. The purpose is to support the development of in-house machining capabilities, strengthen operational flexibility, and support the future growth of the Group's operations in Germany.
- Regulatory Approvals Required: Incorporation and registration formalities with the relevant authorities in Germany, and any other approvals required under applicable laws.
- Indicative Time Period: Completion is expected upon the conclusion of the incorporation and registration formalities in Germany.
- Nature of Consideration: Cash subscription to share capital.
- Cost of Acquisition / Price: The initial share capital is EUR 25,000.
- Percentage of Shareholding / Control: 100% shareholding will be held by Craftsman Germany GmbH.
Company and Contact Information
Stock Code (NSE): CRAFTSMAN
Company Secretary & Compliance Officer: Shainshad Aduvanni