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(27/03/2026 17:48)

Craftsman Automation - General Updates

Craftsman Automation Limited has informed the Exchange about the extension of Long Stop date under the Asset Purchase Agreement entered into between Sunbeam Lightweighting Solutions Limited (""Sunbeam""), Wholly Owned Subsidiary, and Shriram Pistons & Rings Limited ( SPRL ) from 31st March, 2026 to 30th June, 2026 and will complete the Proposed Transaction in multiple tranches. Accordingly, Sunbeam and SPRL have entered into an Amendment agreement to the APA dated 27th March, 2026 and the closing formalities for the second tranche of the Proposed Transaction are now expected to be completed on or before 30th June, 2026.
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