SECTION I - GENERAL
DEFINITIONS AND ABBREVIATIONS

Unless the context otherwise indicates or implies, the following terms shall have the meanings provided below in
this Prospectus, and references to any statute or regulations or policies will include any amendments or re-
enactments thereto, from time to time.

Notwithstanding the Foregoing, terms in the chapters/sections “Statement of Tax Benefits”, ‘Industry
Overview ”, “Key Regulations and Policies in India”, “Financial Information”, “Outstanding Litigation and
Other Material Developments” and “Main Provisions of Articles of Association” will have the meaning
ascribed to such terms in these respective chapters/sections.

In case of any inconsistency between the definitions given below and the definitions contained in the General
Information Document (as defined below), the definitions given below shall prevail.

The words and expressions used but not defined in this Prospectus will have the same meaning as assigned to
such terms under the Companies Act 2013, the SEBI Act, the SEBI ICDR Regulations, the SCRA, the Depositories
Act and the rules and regulations made thereunder.

General Terms

 

 

Term Description

“the Company”/“our Craftsman Automation Limited, a company incorporated in India under the Companies Act

Company’/“the Issuer” 1956 with its registered and corporate office at Senthel Towers, IV Floor, 1078, Avanashi
Road, Coimbatore 641 018, Tamil Nadu, India

“we"/us”/“our” Unless the context otherwise requires, our Company together with our Subsidiaries and Joint
Venture

Joint Venture The joint venture entered into by our Company, namely, Carl Stahl Craftsman Enterprises
Private Limited as disclosed “History and Certain Corporate Matters — Joint Venture” on
page 201

Subsidiaries The subsidiaries of our Company, namely, Craftsman Europe B.V. (formerly known as

Craftsman Marine B.V.) and Craftsman Automation Singapore Pte. Ltd.*, as disclosed in
“History and Certain Corporate Matters - Subsidiaries of our Company” on page 200

*Craftsman Automation Singapore Pte. Ltd. has filed a declaration of solvency with the
Accounting and Corporate Regulatory Authority, Singapore dated September 30, 2020. The
winding up of Craftsman Automation Singapore Pte. Ltd. is currently under process. As on
December 31, 2020, Craftsman Automation Singapore Pte. Ltd. was not operational.

 

Company Related Terms
Term Description

AoA/Articles of The articles of association of our Company, as amended

Association/Articles

Audit Committee The audit committee of our Board

Board/Board of Directors The board of directors of our Company, or a duly constituted committee thereof

Chief Financial Officer/CFO __ The chief financial officer of our Company

Chief Operating Officer - The chief operating officer — automotive, of our Company

Automotive/COO -

Automotive

Compliance Officer The company secretary and compliance officer of our Company

CRISIL Report The report titled “Studying the Automotive and Industrial Engineering Business in India”
dated December 2020, prepared by CRISIL Research

CSR Committee The corporate social responsibility committee of our Board

Director(s) The director(s) on our Board

Equity Shares The equity shares of our Company of face value of 5 each

Group Companies In terms of SEBI ICDR Regulations, the term “group companies” includes companies (other
than our Promoter and Subsidiaries) with which there were related party transactions as
disclosed in the Restated Financial Information as covered under the applicable accounting
standards and such other companies as considered material by our Board, as identified in
“Promoter, Promoter Group and Group Companies” on page 219

IFC International Finance Corporation

 
