Craftsman Automation promoter sells 525,000 shares, reducing stake to 38.1%

What Craftsman Automation announced

Craftsman Automation Limited filed a Regulation 29(2) disclosure with the BSE and NSE on 25 June 2026. The filing records that the company’s promoter, Chairman and Managing Director Mr. Srinivasan Ravi sold 525,000 equity shares of the company in the open market on 23 June 2026. The transaction is reported under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which require promoters to disclose any disposal that alters their shareholding percentage.

"Please find the enclosed disclosure for sale of 5,25,000 equity shares of the Craftsman Automation Limited by me on 23rd June, 2026 in open market."

The filing does not disclose the sale price, proceeds, or any related party arrangements. It simply records the change in shareholding percentages before and after the disposal.

Details of the share sale

• Acquirer / Seller: Mr. Srinivasan Ravi, promoter and promoter group member.
• Number of shares sold: 525,000 equity shares (each of Rs 5 face value).
• Mode of sale: Open market transaction.
• Date of sale: 23 June 2026.
• Pre‑sale holding: 10,500,000 shares, representing 40.15% of the total voting capital.
• Post‑sale holding: 9,975,000 shares, representing 38.14% of the total voting capital.
• Change in voting power: A reduction of 2.01% of the total diluted share/voting capital.
• Encumbrances / other instruments: None reported; no pledges, liens, warrants, convertible securities or voting rights other than shares were involved.

The company’s equity share capital remained unchanged at Rs 13,07,72,165, consisting of 2,61,54,433 equity shares of Rs 5 each, both before and after the transaction.

Regulatory framework

Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 mandates that any promoter or person acting in concert (PAC) must disclose to the stock exchanges any acquisition or disposal that results in a change of more than 1% in their shareholding. The purpose is to ensure transparency for investors and to monitor potential shifts in control.

In this case, the promoter’s disposal of 525,000 shares reduced his stake by 2.01%, comfortably exceeding the 1% threshold, thereby triggering the mandatory filing. The disclosure is filed with both the BSE and NSE, and a copy is submitted to the company secretary for record‑keeping.

Key facts at a glance

Why this matters for investors

The disclosure signals a modest reduction in the promoter’s voting power. While the promoter remains a substantial shareholder with 38.14% of voting rights, the sale brings his stake below the 40% mark, which could affect perceptions of control, especially in matters that require a simple majority. No new encumbrances or dilution from convertible instruments were introduced, so the capital structure of the company remains unchanged.

For investors, the key considerations are:

• Transparency: The filing complies with SEBI’s disclosure requirements, providing visibility into promoter activity.
• Control dynamics: A promoter holding below 40% may face a higher threshold to unilaterally influence board decisions, though a 38% stake still confers significant influence.
• Liquidity: The open‑market nature of the sale suggests the shares were sold at prevailing market prices, but the exact price and proceeds are not disclosed, limiting assessment of financial impact on the promoter.
• Future disposals: The filing does not indicate any planned further disposals; any subsequent sale exceeding 1% would trigger another disclosure.

Conclusion

Craftsman Automation Ltd has formally disclosed that its promoter, Mr. Srinivasan Ravi, sold 525,000 equity shares on 23 June 2026, reducing his voting stake from 40.15% to 38.14%. The transaction was executed in the open market and did not involve any pledges, warrants, or other convertible instruments. The filing satisfies SEBI’s Regulation 29(2) requirements, and no additional regulatory approvals are noted. Investors now have a clear view of the promoter’s revised shareholding position, while the company’s capital structure remains unchanged.