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BSE SENSEX
82,883.42
-105.36
-0.13 %
Corporate Announcement
Security Code
543276
Company
Craftsman Automation Ltd
Exchange Received Time
05/08/2024 18:41:06
Exchange Disseminated Time
05/08/2024 18:41:09
Time Taken
00:00:03
Board Meeting Outcome for Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015, As Amended; |
08/05/24 18:41
We refer to our earlier Stock Exchange intimation dated 24th June, 2024, in connection with the proposed acquisition of the business of Sunbeam Lightweighting Solutions Private Limited (Sunbeam). Pursuant to Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Listing Regulations), we wish to inform you that the Board of Directors of Craftsman Automation Limited (Company) at its meeting held today, i.e., 5th August, 2024, has authorized the Company to enter into a securities subscription and purchase agreement with Sunbeam and Kedaara Capital Fund II LLP (Kedaara), for: (a) acquiring 100% of the legal and beneficial interest of the total securities of Sunbeam; and (b) subscription to 37,60,00,000 optionally convertible debentures, each having a face value of INR 10 (Proposed Transaction).
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