Craftsman Automation Limited will invest in Alagendira Solar Energy Private Limited (ASEPL), Urvang Agro Private Limited (UAPL), and RC Green Powers Private Limited (RCGPPL) under the Group Captive Scheme as per the Electricity Act, 2003.
Investments are for purchasing solar and wind power.
Alagendira Solar Energy Private Limited (ASEPL):
Investment of ₹2,60,000 for 26,000 equity shares (26% shareholding).
Incorporated on 10 October 2023; turnover for FY 2023-24: ₹61,200.
Urvang Agro Private Limited (UAPL):
Investment of ₹1,56,000 for 15,600 equity shares (26% shareholding).
Incorporated on 20 January 2022; turnover for FY 2023-24: Nil.
RC Green Powers Private Limited (RCGPPL):
Investment of ₹13,100 for 1,310 equity shares (0.87% shareholding).
Incorporated on 13 June 2023; turnover for FY 2023-24: Nil.
The investments are expected to be completed on or before 31 May 2025 and will be made through cash consideration.