Craftsman Automation’s wholly-owned subsidiary, Sunbeam Lightweighting Solutions, has approved the sale of its aluminum piston manufacturing assets to Shriram Pistons & Rings Limited (SPRL). The sale, recommended by Sunbeam’s board, is valued at ₹28 crore, excluding GST. The transaction is expected to be completed by March 31, 2026. This move will allow Sunbeam to streamline its operations and focus on its core business segments.
Asset Sale to Shriram Pistons
Sunbeam Lightweighting Solutions Private Limited (“Sunbeam”), a wholly-owned subsidiary of Craftsman Automation, has agreed to sell certain identified plant and machinery and related assets associated with its aluminum piston manufacturing business to Shriram Pistons & Rings Limited (“SPRL”). The decision was made on December 19, 2025, following a recommendation from Sunbeam’s Board of Directors.
Transaction Details
The transaction involves a piecemeal sale of identified assets. The aggregate consideration for the Proposed Transaction is Rs. 28 Crores, exclusive of applicable GST. SPRL will pay in cash as per the terms and conditions of the Asset Purchase Agreement between Sunbeam and SPRL. The sale is expected to be completed on or before 31st March, 2026.
Source: BSE