The Board of Directors of Craftsman Automation Limited has approved initiating an evaluation process for the potential internal restructuring and consolidation of its aluminium products business. This strategic move aims to consolidate the aluminium operations of the Company and its wholly-owned subsidiaries into a single wholly-owned subsidiary. The final decision will be taken after this comprehensive evaluation is complete, ensuring compliance with all applicable laws.
Board Decision on Strategic Review
Craftsman Automation Limited announced that its Board of Directors convened a meeting on Friday, February 13th, 2026, spanning from 5:00 P.M. to 5:15 P.M. During this brief session, the Board transacted key business concerning the future structure of its operations.
Initiation of Restructuring Evaluation
The primary decision reached was the approval to commence the evaluation process for a significant internal restructuring or consolidation affecting the aluminium products business segment. This evaluation is designed to scrutinize the restructuring of the aluminium products division across the Company and its wholly owned subsidiaries engaged in that sector.
Consolidation Objectives
The objective is to consolidate all aluminium product business activities into a single wholly owned subsidiary. Furthermore, the evaluation will explore the consolidation of other existing wholly owned subsidiaries using appropriate methods, potentially involving a scheme of arrangement under the Companies Act, 2013, and other relevant statutes.
Next Steps and Compliance
Following the completion of this comprehensive evaluation, the Board of Directors will subsequently review the findings and make a final determination. The Company assures stakeholders that it will adhere strictly to all applicable laws and make necessary disclosures as mandated once the final decision is established.
Source: BSE
