Craftsman Automation Limited announced that its wholly-owned subsidiary, DR Axion India Private Limited, has entered into a Share Purchase Agreement (SPA) to acquire 100% of Suprash Developers Private Limited and its wholly-owned subsidiary, Srikara Technologies Private Limited. The acquisition is for an aggregate consideration of ₹145.85 Crore (Indian Rupees One Hundred Forty-Five Crores Eighty Four Lakh Sixty Nine Thousand and Eight Hundred Only). These entities collectively own 52.83 acres of land at Araneri Village, Sriperumbudur Taluk, Kancheepuram District, which will be utilized for setting up DR Axion's new manufacturing plant. Upon completion, Suprash will become a Wholly Owned Subsidiary of DR Axion, and Srikara will become a Step-Down Subsidiary of DR Axion, making Suprash a Step-Down Subsidiary of Craftsman Automation. The SPVs are primarily engaged in the business of developing, leasing, and licensing industrial projects. The transaction is expected to be completed on or before December 31, 2025. This acquisition does not fall within the purview of related party transactions, and none of the promoters or group companies have any interest in the entities being acquired. The consideration is in cash.