Craftsman Automation Subsidiary Completes Acquisition of Suprash Developers

Craftsman Automation Limited, through its wholly-owned subsidiary DR Axion India Private Limited, has successfully completed the acquisition of 100% of the paid-up equity share capital of Suprash Deve...

Craftsman Automation Limited, through its wholly-owned subsidiary DR Axion India Private Limited, has successfully completed the acquisition of 100% of the paid-up equity share capital of Suprash Developers Private Limited. This acquisition also includes the indirect acquisition of Suprash's wholly-owned subsidiary, Srikara Technologies Private Limited. This development follows the execution of a Share Purchase Agreement (SPA) on December 19, 2025. The company had previously intimated the stock exchanges about this transaction. All necessary details pertaining to this acquisition, as mandated by Regulation 30 of the SEBI LODR Regulations, were submitted on December 19, 2025. The company has informed the BSE Limited and the National Stock Exchange of India Limited about the completion of this strategic move.

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Why is Craftsman Automation Limited in the news today?

Craftsman Automation Limited (CRAFTSMAN) is in the news due to the completion of an acquisition is generally viewed positively as it indicates strategic growth and expansion for the company.

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Craftsman Automation Subsidiary Completes Acquisition of Suprash Developers

December 20, 2025, 06:21 AM

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Craftsman Automation Limited, through its wholly-owned subsidiary DR Axion India Private Limited, has successfully completed the acquisition of 100% of the paid-up equity share capital of Suprash Developers Private Limited. This acquisition also includes the indirect acquisition of Suprash's wholly-owned subsidiary, Srikara Technologies Private Limited.

This development follows the execution of a Share Purchase Agreement (SPA) on December 19, 2025. The company had previously intimated the stock exchanges about this transaction. All necessary details pertaining to this acquisition, as mandated by Regulation 30 of the SEBI LODR Regulations, were submitted on December 19, 2025.

The company has informed the BSE Limited and the National Stock Exchange of India Limited about the completion of this strategic move.

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