Craftsman Automation has informed that the meeting of the Fund Raising Committee in respect of the Issue, the Fund Raising Committee at its meeting held on 21st June, 2024 has passed the following resolutions: approved and declared the closure of the issue period for the Issue on 21st June, 2024, pursuant to the receipt of application forms and the funds in the escrow account from the eligible qualified institutional buyers in accordance with the terms of the Issue determined and approved the issue price for 27,27,272 Equity Shares to be allotted to eligible qualified institutional buyers at a price of Rs 4,400 per Equity Share, including a premium of Rs.4,395 per Equity Share, [which takes into account a discount of Rs 26.11 per Equity Share (0.60% of the floor price) on the floor price, as permitted in terms of Regulation 176(1) of Chapter VI of the SEBI ICDR Regulations and approved by the Shareholders by way of their resolution dated 27th May, 2024 in the Annual General Meeting; approved and adopted the placement document dated 21st June, 2024 in connection with the Issue.
The above information is a part of company’s filings submitted to BSE.
