Interim report
Page 1
Craftsman Automation Limited Registered Office: Corporate Office: 123/4, Sangothipalayam Road, No.1087, 4th & 5th Floor, Krishna Towers, Tel + 91 422 71 610 00 Arasur Post, Coimbatore – 641 407 Avinashi Road, Coimbatore - 641037 fax + 91 422 71 612 34 Tamil Nadu, India Tamil Nadu, India info@craftsmanautomation.com CIN NO: L28991TZ1986PLCO01816 www.craftsmanautomation.com GST NO: 33AABCC2461K1ZW 28th October, 2026 To The Manager - Listing, The Manager - Listing, BSE Limited, National Stock Exchange of India Limited, Rotunda Building, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 543276 Stock Code: CRAFTSMAN Dear Sir/Madam, Sub: Outcome of the Board Meeting held on 28 th October, 2026 pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015; Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we wish to inform you that the Board of Directors of the Company, at its meeting held on Wednesday, 28 th October, 2026, which commenced at 11.30 A.M. and concluded at 1.00 P.M., inter alia, approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2026, along with the Limited Review Reports issued by the Statutory Auditors pursuant to Regulation 33 of the SEBI LODR Regulations. The aforesaid Financial Results and Limited Review Reports are enclosed herewith. Kindly take the same into your records. Thanking you. Yours faithfully, for CRAFTSMAN AUTOMATION LIMITED Shainshad Aduvanni Company Secretary & Compliance Officer Encl: As above
Page 2
SJ Particulars No. I Renuuc :l. Revc::nuc from upcrotions b. Other income Total Income (a+ b) 2 El:pcant a. Cost of sales and services b. Chang~s in inv~nturi"•s c;. Employee bencfib cxpmsc ll. Finance cost e. Depreciation and am1>rtisalion cxncnse t: Other expenses Totalu:pcoscs (a+ b + c + d + c+ I) 3 Prom before shar~ uf pro flt or Joi qt venture 11dd tax 4 .:;.h.:ai'r; o!'profit of joint venture 5 Prom before cxc;epliunal items aod ,,. 6 P.J.':cptional items 7 Profit bcfon tax 8 Tax eApcnse: a. Current tax b. Ocrcrrcd tax 9 Profit fur the p.:riod 10 Earnings per equity share (int) a. Basic (Not unnuuliscd) b. Diluted (No1 annuafo;cd) II Olhcr Comprehensive Income i) firms lltot will 1101 be reclasrifird to lorofit or loss • Re-measurement gnins/(losses) on defined benefit plans • Income to.JC relating to it~ms that will not be reclassified lo profit or "'" U) lte,,,, tlrot ,..;u 6~ rttlassifled sut,,rqutntly to oroflt 01 loss • Translelion rescrv\.1 • Effc:Gtiw portion of gains or loM on hedging instruments in a cash flow hedge • Income lllX relating lo items that will be rcd:witied to profit or Joss Other comprthusl~ Income for the period, net of t:rix 12 Total comprehensive Income for Che period 13 Paid•up t,quity share capital (Face value, S each) 14 Earnings per equity &han: (int) a. Basic (Not annuaJist:d) b. DIiuted (Nol annualised) CRAFTSMAN AUTOMATION LIMITED CIN: L28991TZ1986PLCOOl816 Regd. office: 123/4, Saneothipalayam Road, Arasur Po!ilt. Coimbatore - 641 407, Tamilnadu, India Website: www.craft1man11utomation.1:om I Email: tnwslor@1:tllftsmon1.1utumutiun.1:um f ID Laklio ST A TEMENT OF CONSOLIDATED Fl:'<A,'ICIAL RES UL TS FOR IBE STATEME'.IITOF STANDALONE FINANCIAL RESGLTS FOR THE Quarter Ended Hair Year Ended Year Ended QuarterEnde.d Hair \'ear Ended Yi:arEnded J0/09/2026 30/06/2026 30/09/2025 30/09/2026 30/09/2025 31/03/2026 30/09/2026 30/06/2026 30/09/2025 30/09/2026 30/09/2025 31/03/2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unaudited UnaudltM Unaudited Audited 2,94,520 2,43,158 2,00, 159 5,37,678 3,78,559 8,06,927 1,84,825 1,48,353 1,19,234 3,33,178 2,23,599 4,81,808 1,973 2,308 959 4,281 1,456 6,136 1,615 1,598 608 3,2ll 1,072 3,319 2,96,493 2,45,466 2,01,118 5,41.9S9 3,K0,015 8,13,063 lJHt,440 1,49,951 1,19,Ml 3,36,391 2,24,671 4,85,127 1,85,438 1,45,774 1.15.374 3,31,212 2.18,204 4,52,539 1,16,253 86.065 67,107 2,02,318 1,25,679 2,64, 190 (8,221) (10,741) (5.842) (18,962) (12,552) (12,343) (9,375) (7,030) (2,674) (16,405) (7,688) (9,936) 18,122 16,570 14.424 34,692 28,862 58,728 11,230 9,816 8,259 2),046 16,436 34,387 8,030 8,616 7,701 16,646 14,331 30,897 5,845 6,763 6,232 12,608 11,515 24,795 12,638 12,039 10,901 24,G77 21,088 44,385 9,428 8,829 7,940 18,257 15,506 32,452 59,997 53,168 46,013 1,13,165 87,361 J,84,244 38,944 32,907 26,492 71,851 Sl,385 1,08,840 2,76,004 2,25,426 1,88,571 5,01,430 3,57,294 7,58,450 1,72,325 1,37,350 J,Jl,356 3,09,675 l,12,833 4,54,728 20,489 20,040 12,547 40,529 22,721 54,613 14,115 IZ,601 6,486 26,716 11,838 30,399 51 62 35 IIY 56 112 :ZD,546 20,102 12,582 40,648 22,777 54,725 14,115 12,601 6,486 26,716 11,838 30,399 (49) (873) (1,295) (301) 20,546 20,102 12,533 40,648 21,904 53,430 14,115 12,601 6,486 26,7ltii 11,838 30,098 3,873 4,120 3,480 7,993 6,059 13,489 2,265 2,181 1,502 4,446 2,570 6,173 1,355 927 (33) 2,282 (200 1,542 1,330 1,027 262 2,357 572 1,778 15,318 15,055 9,086 30.373 16,046 38,399 10,520 9,393 4,722 19,913 8,696 22,147 58.57 62.25 38.09 120.65 67.26 160.96 40.22 3U4 19.79 79. 10 36.45 92.84 58.57 62.25 38.09 120.65 67.26 160.96 40.22 38.84 19.19 79.10 36.45 !12.84 (123) (194) 14 (317) 77 73 (214) {140) 46 (354) 157 JR4 49 SI (15) 100 (35) (47) 54 35 (12) ~9 (40) (46) 264 (284) 770 (20) 2,367 3,378 (27) 528 (202) SOI 67 16:? (26) 527 (202) SOI 67 163 7 (133) SI (126) (17) (41) 6 (132) 51 (126) (17) \42) 170 [J2) 618 138 2,459 3,525 (!RO) 290 (117) 110 167 259 15,488 15,023 9,704 30,51l 18,505 41,924 10,340 9,683 4,605 20,023 8,863 22,406 1,308 1,308 1,193 1,308 1,193 1,193 1,308 1.308 1,193 1,308 1,193 1,193 59.22 62.12 40.68 121.20 77.57 175.74 39.53 40.04 19.30 79.54 37.15 93.92 59.22 62. 12 40.68 121.20 77.57 175.74 39.53 40.04 19.30 79.54 37.15 93.92
Page 3
Statement of Assets and Liabilities : , in Lakhs Consolidated Standalone Particulars 30/09/2026 31/03/2026 30/09/2026 31/03/2026 Unaudited Audited Unaudited Audited ASSETS Non-current assets Property, plant and equipment 4,44,062 3,98,074 3,48,978 3,06,953 Capital Work in Progress 73,253 38,233 51,313 28,424 Other Intangible assets 3,289 3,508 964 1,060 Right-of-use Assets 54,040 47,044 51,977 44,896 Goodwill on consolidation 19,006 19,006 - - Investments accounted for using the equity method 697 578 - - Financial assets - Investments 1,110 776 1,35,002 1,34,835 -Loans - - 2,951 2,808 - Security Deposits 8,115 7,277 5,963 5,464 - Other financial assets - 10 - - Income tax assets (net) 947 769 199 196 Other non-current assets 43,012 20,380 32,274 13,408 6,47,S31 S,3S,6S5 6,29,621 S,38,044 Current assets Inventories 2,51,143 1,74,541 1,79,905 1,19,628 Financial assets - Trade receivables 1,53,219 1,11,054 1,12,750 68,371 - Cash and cash equivalents 49,546 14,483 37,720 5,438 - Other bank balances 5,214 3,395 4,796 3,172 - Security deposits 156 100 156 100 - Other financial assets 1,742 1,496 1,599 1,304 Other current assets 51,597 22,108 43,455 18,801 S,12,617 3,27,177 3,80,381 2,16,814 Assets classified as held for sale 34,933 34,998 - - Total assets 11,95,081 8,97,830 10,10,002 7,54,858 EQUITY AND LIABILITIES Equity Equity Share capital 1,308 1,193 1,308 1,193 Other equity 5,49,768 3,25,213 5,14,024 2,99,957 Total Equity 5,51,076 3,26,406 5,15,332 3,01,150 Liabilities Non-current liabilities Financial liabilities - Borrowings 2,32,897 2,41,098 1,80,701 2,00,424 - Lease liabilities 24,980 20,778 24,818 20,598 - Other financial liabilities 826 826 208 208 Provisions - - 22 21 Deferred tax liabilities (net) 4,539 2,233 11,479 9,085 2,63,242 2,64,935 2,17,228 2,30,336 Current Liabilities Financial liabilities - Borrowings 1,28,963 92,965 96,586 66,606 - Lease liabilities 2,415 7,507 2,345 7,374 - Trade payables total outstanding dues of micro enterprises and small enterprises 5,829 4,726 1,310 977 total outstanding dues of creditors other than micro enterprises and small 1,63,782 1,41,282 1,13,143 1,02,444 enterprises - Other financial liabilities 44,505 32,038 35,265 23,633 Other current liabilities 26,492 20,497 24,872 19,171 Provisions 3,423 2,612 1,904 1,099 Current tax liabilities (uet) 5,354 4,862 2,017 2,068 3,80,763 3,06,489 2,77,442 2,23,372 Total Liabilities 6,44,005 5,71,424 4,94,670 4,53,708 Total Eauity and Liabilities 11,95,081 8,97,830 1010.002 7,54,858
Page 4
Statement of Cash Flow• : , inLakhs Consolidated Standalone Particulars 30/09/2026 30/09/2025 30/09/2026 30/09/2025 Unaudited Unaudited Unaudited Unaudited A. Cash flow from operating activities Profit before tax 40,648 21,904 26,716 11,838 Adjustments to reconcile net income to net ca,h provided by operating activities Depreciation and amortization expense 24,677 21,088 18,257 15,506 Share ofloss / (gain) from joint venture, net (IJ9) (56) - - Unrealized foreign exchange loss/(gain), net (1,703) (533) (1,425) 213 Bad and doubtful debts, net 94 JOO 94 100 Loss/ (gain) on sale of property , plant and equipment, net (965) (4) (II) (4) Interest expenses 16,786 14,055 12,683 11,275 Interest income (898) (183) (1,008) (499) Government grant income (3,571) (2,435) (2,954) (2,065) Provision for slow moving inventory (668) 75 (549) 246 (Reversal)/Provision for warranty & Rejection 768 599 173 59 Operating profit before working capital changes 75,049 54,610 51,976 36,669 Changes in working capital (Increase)/ Decrease in trade receivables (40,799) (21,897) (43,123) (19,902) (Increase)/Decrease in other financial assets (2,573) (102) (2,474) (1,487) (Increase)/Decrease in other assets (31,356) (5,956) (24,474) (3,674) (Increase )/Decrease in inventories (75,937) (27,672) (59,728) (16,947) (Decrcase)/lncrease in trade payables 23,311 (805) Jl,032 (12,592) Increase/(Decrcase) in other financial liabilities 2,315 (6,569) 2,806 1,482 Increasel(Decrease) in other liabilities 6,169 470 4,168 2,144 lncrease/(Decrease) in provisions 7 (429) 279 210 Cash generated from operating activities 143,814) (8,350) (59,538) (14,097] Direct taxes paid, net (7,650) (4,254) (4,500) (1,796) Net cash generated from/(used in) operating activities (51464) (12,6041 164,038) US,893 B. Cash flow from Investing activities Purchase of property, plant and equipment and iutangible assets (1,10,697) (56,922) (87,144) (46,707) Proceeds from sale of property, plant and equipment and Intangible assets 1,553 65 513 1,261 Sale I (Purchase) of shares / investments (334) (174) (167) (166) Interest received 891 169 865 120 Net cash generated froml(used) in investing activities 11.08,587) (56,862) (85 933) (45,492) C. Cash now from financing activities (Repayment ot) I Proceeds from long term borrowings 2,566 40,922 (10,192) 36,995 (Repayment ot) I Proceeds from short term borrowings, net 25,018 57,434 20,100 46,321 Proceeds from issue of equity shares including securities premium, net 1,97,IOI - 1,97,101 - Recognition / (Repayment) of lease liabilities (9,718) (8,964) (9,335) (8,886) Interest paid (incl. interest on lease liability) (16,907) (14,448) (12,479) (11,403) Dividend paid (2,942) (1,193) (2,942) (1,193) Net cash generated from financing activities 1,95,118 73,751 1,82,253 61,834 D.Net change In cash and cash equivalents 35,067 4,285 32,282 449 Effects of foreign currency translation (4) 184 - - E. Cash and cash equivalents at the beginning 14,483 9,742 5,438 2,919 F. Cash and cash equivalents in Cash Flow Statement at the end 49,546 14,211 37,720 3,368 Cash and cash equivalents include Cash on hand 6 7 2 2 Balances with banks 49,540 14,204 37,718 3,366 Cash and cash equivalents in Cash Flow Statement 49,546 14,211 37,720 3,368
Page 5
Stgment•wiae Revenue. Resulls, Audi and LiabilitiH tinLakhs STATEMENT OF CONSOLIDATED FINANCIAL RESIJL TS FOR THE STATEMENT OF STANDALONE FINANCIAL RESULTS FOR THE SI Particulan Quarter Ended Half Year Ended Year ended Quarter Ended Half Year Ea.dtd Yeartndcd No. 30/09/2026 30/06/2016 J0/0912025 30/0912026 J0/09/2025 JI/IJJ/2026 30/09/2026 30/06/2026 30/09/2025 J0/09/2026 30/09/2025 JIMJ/2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Unaudited Unaudited Unau,;fited Unaudited Unaudited Audited I Segment Ritvcnue POYl"Cftnlin 74,625 62,255 53,797 1,36,880 1,03,438 2,17,890 63,248 50,712 44,852 1,13,960 87,856 1,83,744 Aluminiwn Products 1,81,945 1,47,934 1,20,405 3,29,879 2,27,533 4,78,875 79,354 62,745 46,888 1,42,099 84,588 1,80,072 Industrial & .Engineering 37,950 32,969 25,957 70,9 19 47,588 1,10,162 37,689 32,928 25,977 70,617 48,022 1,10,661 Odien - 4534 1_%8 1,517 6,502 3133 7,331 Net Sales/Jncome From Operation1 2,94,520 2,43,158 2,00,159 5,37,678 3,78,559 8,06,927 1,84,825 1,48,353 1,19,23, 3,33,178 2,23,599 4,81,808 Sei:mcnt Relulls (Profit before 2 Intff'Cd, tH and otMr unallocable items) Powertrain 13,466 11,389 7,875 24,855 15,434 36,131 13,626 11,204 7,227 24,830 14,647 34,089 Aluminiwn Products 13,642 14,988 14,144 28,630 24,986 49,424 5.433 ~.787 7,618 12,220 12,498 24,202 Industrial & Engineering 2,892 2,982 376 5,874 847 4,856 2,738 2,788 368 S,526 804 4,622 Oth<:rs Total 30,000 29,359 22,395 59,359 41,267 90,411 21,7~7 1.0,779 15,213 42,576 · 27,949 62,913 l.cH: (8,030) (8,616) (7,701) (16,646) (14,331) (30,897) (5,U .~) (~.763) (6,232) (12,608) (11,515) (24,795) (i) Interest arul bank clwae<, net (ii) Other un-allocable expenditure (3,454) (3,011) (3,106) (6,465) (5,671) (11,037) (3,4:2) (3,013) (3,103) (6,465) (5,668) (11,0~8) Add: 2,030 2,370 994 4,400 1,512 6,248 1,615 1,598 608 3,213 1,072 3,319 til Un-eUocable income Profit ~fore uceptional items ud 20,546 20,102 12,582 40,648 22,777 54,'725 14,l!S 12,601 6,486 26,716 11,1138 30,399 tu Exccntional Items (49) (873) 11,295) .. I - - (301) Profit bcf'ol"t tas 20,546 20 102 12,533 40,648 21.904 53,430 14115 12.601 6.486 26716 II JIJ8 30,098 3 Sca:mcnt Auct, Powcnrain 3,06,468 2,63,902 2,14,416 3,06,468 2,14,416 2,37,553 2,80 ,524 2,38,317 1,90,622 2,80,524 1,90,622 2,10,532 Alun1inium Product& 6,46,922 5,69,928 4,42,145 6,46,922 4,42,145 4,79,583 3,5, ,892 3,04,438 2,23,284 3,52,892 2,23,284 2,49,234 Industrial & Engincc:ring 1,73,588 1,51,909 1,28,681 1,73,588 1,28,68I 1,29,914 1,71,802 1,50,889 1,26,092 1,71,802 1,26,092 1,26,980 Unallocated <,R,103 1.44,096 41.349 68,103 41 349 50,781 2 04,784 2,64.151 1.55 456 2.04.784 155 .456 168.112 Total 11.95,USl 11.29.83S 8.26.591 11 ,9S.O!I 8 ,26,591 8.97.11.11 10,10.00 2 9,57,795 6.95.454 10,10.002 635,-154 7~ .858 4 Segment Liabilities Powatnlin 1,74,176 1,53,861 1,31,702 1,74,176 1,31,702 1,46,979 1,67,95? 1,47,550 1,26,088 1,67,959 1,26,088 1,39,870 AluminiW11 Products 3,36,037 2,94,091 2,63,165 3,36,037 2,63,165 2,73,845 1,85,434 1,63,792 1,52,371 1,85,434 1.52,371 1,68,007 Industtial &. Eneinccrina 1,11,455 97,774 96,854 1,11,455 % ,854 1,05,450 l,ll ,.S46 97,913 97,155 1,11,546 97,155 1,05.650 Unallocalod 22 .337 45 680 31 ,884 22 337 31 884 45 150 29731 40706 32 233 29,731 32 233 401 81 TM ■ I 6.44,005 5.91406 5.23605 6""005 5,23 ,605 5,71,424 4.94 670 4,49.96 1 407 ,347 4,94,670 407.847 4,53 708 Notes: I. The above standalone financial results of Craftsman Automation Limited ('the Company') and consolidated financial ,esults of the Company, its subsidiaries (together referred to as 'Group') and a joint venture for the quarter and half year ended 30 September 2026 are drawn up in accordance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('SEBI (LODR) Regulations'). These results were reviewed and reco.;,mended by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on 28 October 2026. The above financial results were reviewed by the statutory auditors. who have issued unmodified review conclusion on these financial results. 2. The Company has reported segment information as per Indian Accounting Standard 108 ' Operating Segments" (IND AS ·108) read with SEBI's circular CIR/CFD/FAC/62/2016 dated 05 July 2016. Based on the end consumption of the products sold or services rendered, perfonnance assessment and resource allor.3.tion by the management. the Company has identified the repOrtable segments as I. Powertrain 2. Aluminium Products 3. Industrial & Engineering. Segments that are not significant are categorised as "Others". Segment revenue comprises sales and operational income allocable specifically to a segment. Un-allocable expenditure mainly includes corporate expenses. finance cost and other expenses. Un-allocable income primarily includes other income. 3. The above sonsolidated results include the results and other information of the followin,llI]!i tieL _ ~ eortheentit v ____ _ _ Relationshie._ _ __ __ _ DR Axion India Limited, India Subsidi~ _ _ __ _ s i:;-;:-ash Devel~ rs Private L imited, India __ Subsidia ofD~ Axiof!_lndia Limited w.e.f. 20 December 2025) _ Srikara Technologies Private Limited, India Subsidi~ Sue,:ash ~ velo~ Private Limited (w.~20 December 2025 Sunbeam Lightweii;htio,_g Solutions Limited, India l Subs1dt Craftsman Euro BV, the Netherlands Subsidiary _ __ Craftsman German~ mbH, Germany __ Subs~rr_ _-_::_-__ - _ _____ _ _ Craftsman Fronberg Guss GmbH, Germany __ _ Subsidoa'}'_ of Craftsman Germany GmbH __ _ Craftsman Fronberg Gu~s lmmob1loen GmbH, Germany Subsidiary of Craftsm_a_n_G_e_nn_an~ y_ili_ ,,b_H ________ _ _ _ Carl Stahl Craftsman E~op_11ses Private Limited, India Joint Venture - -------------~ . ___ _ 4. During the quarter ended 30 June 2026, the Com;,any issued 22,98,850 equity shares of face value t5 each through Qualified Institutions Placement CQIP') at an issue price oH8 ,700/- per share (including securities premium oft8,695/- per share) aggregating ,2,00 ,000 lakhs. The objects of the QIP as per the placement document are repayment / pre-paymen~ in full or in part, of certain borrowings of the Company, and general corporate purposes. The proceeds were fully utilised during the half year towards the above said objects. The costs that are attributable directly to the above transaction amounting to t2,899 takhs. have been adjusted against securities premium. 5. The Board of Directors of the Company at its meeting held on 11 March 2026 approved a composite scheme of a,rangement. The scheme envisages amalgamation of wholly owned subsidiary, DR Axion India Limited (along with its subsidiaries) into Sunbeam Lightweighting Solutions Limited, subject to receipt of approval from National Company Law Tribunal. 6. A new subsidiary has been formed in Germany, Craftsman Fronberg Precision GmbH, on 27 August 2026 and subsequently regist,,red as per German laws on 14 October 2026. The subsidiary will undertake machining and processing activities for engine and engineering components. 7. Figures for the previous year/ periods have been regrouped / reclassified to conform to the figures presented in the current pet iods. On account of acquisition of the entities durin ' the year ended 31 March 2026, the consolidated financial results for the quarter ended 30 June 2026 and quarter and half year ended 30 Septell'ber 2026 are not comparable with those of the qu ·< d half year ended 30 September 2025 to that extent. Place: Coimbatore Date : 28-0ctober-2026 DIN: 01257716
Page 6
Parsn Manere, A wing, 3rd Floor 602 Anna Salai, Chennai 600006 Tamil Nadu, India +91 44 2827 4368 www.sharpandtannan.com SHARP& TANNAN chartered accountants Independent Auditor's Limited Review Report on Consolidated unaudited financial results of Craftsman Automation Limited for the quarter and half year ended 30 September 2026, pursuant to the Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 To The Board of Directors of Craftsman Automation Limited 1. We have reviewed the accompanying statement of consolidated unaudited financial results of Craftsman Automation Limited ('the Parent') and its subsidiaries (the Parent and its subsidiaries together referred to as 'the Group'), and its share of the net profit after tax and total comprehensive income of its joint venture for the quarter and half year ended 30 September 2026 ('the Statement'), being submitted by the Parent pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. 2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 'Interim Financial Reporting' ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the following entities: Subsidiaries 1. Craftsman Europe B.V., The Netherlands 2. DR Axion India Limited, India 3. Craftsman Germany GmbH, Germany 4. Craftsman Fronberg Guss GmbH, Germany 5. Craftsman Fronberg Guss Immobilien GmbH, Germany 6. Sunbeam Lightweighting Solutions Limited, India 7. Suprash Developers Private Limited, India 8. Srikara Technologies Private Limited, India Assurance I Consulting I GRC I Tax Ahmedabad I Bengaluru I Chennai I Coimbatore I Delhi I Goa I Hyderabad I Mumbai I Pune I Vadodara
Page 7
Joint venture SHARP& TANNAN chartered accountants 1. CarlStahl Craftsman Enterprises Private Limited, India 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. The consolidated unaudited financial results include the interim financial results of a subsidiary which has been reviewed by other auditors, whose interim financial results reflect total assets of Rs. 1,36,577 lakhs as at 30 September 2026, total revenue of Rs. 52,962 lakhs and Rs. 1,00,223 lakhs, net profit after tax of Rs. 4,441 lakhs and Rs. 9,568 lakhs and total comprehensive income of Rs. 4,458 lakhs and Rs. 9,537 lakhs for the quarter and half year ended 30 September 2026 respectively and net cash inflows of Rs. 45 lakhs as considered in the consolidated unaudited financial results. 7. The consolidated unaudited financial results include the interim financial results of three subsidiaries which have not been reviewed / audited by its auditors, whose interim financial results reflect total assets of Rs. 17,376 lakhs, total revenue of Rs. 807 lakhs and Rs. 1,815 lakhs, net profit after tax of Rs. 187 lakhs and Rs. 477 lakhs and total comprehensive income of Rs. 227 lakhs and Rs. 472 lakhs for the quarter and half year ended 30 September 2026 and net cash inflows of Rs. 868 lakhs as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit after tax of Rs. 57 lakhs and Rs. 119 lakhs and total comprehensive income of Rs 57 lakhs and Rs. 119 lakhs for the quarter and half year ended 30 September 2026, as considered in the consolidated unaudited financial results, in respect of a joint venture, based on their interim financial results, which have not been reviewed / audited by their auditors. According to the information and explanations given to us by the Parent's management, these interim financial results are not material to the Group. Our conclusion is not modified in respect of matters in paragraph 6 and 7 above. Place: Coimbatore Date: 28 October 2026 for SHARP & T ANNAN Chartered Accountants (Firm's Regr,ratiwn;. 003792S) v.'v~an Partt'er Membership No. 215565 UDIN: 2621556 OAFVA2415 Assurance I Consulting I GRC I Tax Ahmedabad I Bengaluru I Chennai I Coimbatore I Delhi I Goa I Hyderabad I Mumbai I Pune I Vadodara
Page 8
Parsn Manere, A wing, 3rd Floor 602 Anna Salai, Chennai 600006 Tamil Nadu, India +91 44 2827 4368 www.sharpandtannan.com SHARP& TANNAN chartered accountants Independent Auditor's Limited Review Report on Standalone unaudited financial results of Craftsman Automation Limited for the quarter and half year ended 30 September 2026 To The Board of Directors of Craftsman Automation Limited 1. We have reviewed the accompanying statement of unaudited financial results of Craftsman Automation Limited ('the Company') for the quarter and half year ended 30 September 2026 ('the Statement'). This Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial results based on our review. 2. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India . This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures, applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. 3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with applicable Indian Accounting Standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Coimbatore Date: 28 October 2026 for SHARP & T ANNAN Chartered Accountants (Firm's Registration No. 003792S) V. Viswa Part r Membership No. 215565 UDIN: 26215565VDNWXV4455 Assurance I Consulting I GRC I Tax Ahmedabad I Bengaluru I Chennai I Coimbatore I Delhi I Goa I Hyderabad I Mumbai I Pune I Vadodara