Craftsman Automation invests in Viksha Green Energy for solar power

Craftsman Automation Limited has invested INR 11,550 in Viksha Green Energy Private Limited (VGEPL) for solar power under a Group Captive Scheme, as per the Electricity Act, 2003. This investment translates to 1,155 equity shares of VGEPL at a face value of INR 10 each, granting Craftsman Automation a 5.78% shareholding.

VGEPL, incorporated on February 20, 2025, is engaged in the generation and transmission of power. The investment does not fall under related party transactions, and no promoter or promoter group has an interest in VGEPL.

This move aligns with Craftsman Automation's objective to acquire solar power, with the investment being a cash consideration. No governmental or regulatory approvals were detailed as required, and the indicative time period for completion of the acquisition was stated as "Not Applicable."