CRAFTSMAN Automation Limited has informed that its wholly owned subsidiary, Sunbeam Lightweighting Solutions Limited, has completed the sale of plant, machinery, and related assets for the piston manufacturing business to SPR Auto Technologies Limited.
The Asset Purchase Agreement was entered into on December 19, 2025, and an Amendment Agreement was signed on March 27, 2026. The transaction was executed in two tranches on a piecemeal basis, as per the terms of the agreements.
The first tranche was completed on December 31, 2025, with Sunbeam transferring identified plant and machinery along with related books and records for a consideration of Rs 10 crore, exclusive of applicable GST. The second and final tranche was completed on June 30, 2026, involving the transfer of the remaining plant and machinery and related books and records for Rs 18 crore, exclusive of applicable GST.
The total aggregate consideration for the entire transaction is Rs 28 crore, payable in cash by SPR Auto Technologies Limited. SPR Auto Technologies Limited is not a related party to Craftsman Automation or its promoter group, as per regulatory definitions.
Craftsman Automation had made earlier intimations to the stock exchanges regarding this transaction on December 19, 2025, December 31, 2025, and March 27, 2026. The completion of the second tranche on June 30, 2026, marks the full conclusion of the asset sale transaction.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.