Craftsman Automation announces that Sunbeam Lightweighting Solutions, its wholly-owned subsidiary, has received approval for the conversion of its Compulsorily Convertible Preference Shares (CCPS) and Optionally Convertible Debentures (OCDs) into equity shares. The conversion will not change Craftsman Automation’s shareholding in Sunbeam, which remains at 100%.
Conversion Details
The Board of Directors of Sunbeam Lightweighting Solutions Private Limited (“Sunbeam”), a wholly-owned subsidiary of Craftsman Automation, has approved the conversion of certain instruments into equity shares. This decision, made on December 19, 2025, involves the conversion of Compulsorily Convertible Preference Shares (CCPS) and Optionally Convertible Debentures (OCDs) held by the company. The conversion request notice was duly submitted by Craftsman Automation.
Instruments Converted
The following instruments were converted into Equity Shares:
Compulsorily Convertible Preference Shares
13,53,80,000
13,53,80,000
Rs.10
[0.00001]:1
1,354
Optionally Convertible Debentures
60,60,00,000
37,60,00,000
Rs.10
1:1
37,60,00,000
Shareholding Impact
Post-conversion, Craftsman Automation’s shareholding in Sunbeam will remain at 100%. The conversion does not result in any change to the overall shareholding pattern of Sunbeam.
Source: BSE
