The Board of Directors of Craftsman Automation has approved the initiation of an evaluation process for the potential internal restructuring and consolidation of its aluminium products business. This complex move will involve combining the operations of the Company and its wholly owned subsidiaries into a single entity. The final decision will depend on the outcome of this evaluation and adherence to all applicable legal frameworks, including the Companies Act, 2013.
Strategic Review of Aluminium Operations
Craftsman Automation Limited has announced a significant strategic step following its Board meeting held on Friday, February 13th, 2026. The Board has formally sanctioned the commencement of an evaluation process concerning the potential internal restructuring and consolidation affecting the aluminium products business.
Scope of Consolidation
The proposed evaluation covers the restructuring of the aluminium products business currently held by the Company, alongside its respective wholly owned subsidiaries engaged in the same sector. The objective is to consolidate these operations into a single wholly owned subsidiary.
Furthermore, the process will examine the consolidation of other wholly owned subsidiaries using methods deemed appropriate, which may include, but are not limited to, a formal scheme of arrangement under Sections 230 to 232 of the Companies Act, 2013, and other relevant laws.
Next Steps
The Board emphasized that following the completion of this comprehensive evaluation, a final decision will be considered and taken in strict compliance with all applicable laws. The Company commits to making all requisite disclosures and undertaking all necessary compliances once a final direction is established.
Source: BSE
