Craftsman Automation Limited announced that the National Faceless Assessment Centre (as National Faceless Penalty Centre), Income Tax Department has pronounced a penalty order u/s 270A for Assessment Year 2017-18. The penalty has been levied on disallowances under total income. Date of receipt of order: 20th March, 2024.

Details of the Violation(s)/Contravention(s) committed: Penalty on disallowances under total income. Impact on financial, operational or other activities of the listed entity, quantifable in monetary terms to the extent possible: Demand value of INR 1,660,186.