share subscription agreement dated June 28, 2010 amongst our Company, our Promoter, S. Murali, K.
Gomatheswaran and IFC.

De Joint venture agreement dated June 21, 2007 between our Company and Carl Stahl Hebetechnik
GmbH (previously known as Carl Stahl International GmbH) (the “Carl Stahl JV Agreement”)

Pursuant to the Carl Stahl JV Agreement, Carl Stahl Craftsman Enterprises Private Limited was
incorporated in India on June 22, 2007, as a private limited company under the Companies Act 1956 for
the purpose of carrying on the business of trading in lifting gear and material handling equipment and
other equipment and accessories relating to mechanical and/or electrical segment of engineering and
marketing them in India. Presently, our Company holds 600,000 equity shares aggregating to 30.00% of
the total equity share capital of Carl Stahl Craftsman Enterprises Private Limited.

3. Joint venture agreement dated October 22, 2007 between our Company, Mitsubishi Corporation,
Mitsubishi Corporation India Private Limited and Mitsubishi Corporation Technos (the “Mitsubishi
Shareholders”) (the “MC JV Agreement”)

Pursuant to the MC JV Agreement, MC Craftsman Machinery Private Limited was incorporated in India
on November 6, 2007 as a private limited company under the Companies Act 1956 with the primary
objective of selling electric discharge machine and laser cutting machine produced by Mitsubishi Electric
Corporation as well as related spare parts. MC Craftsman Machinery Private Limited is no longer a joint
venture of our Company. Presently, our Company holds 209,999 equity shares aggregating to 10.00% of
the total equity share capital of MC Craftsman Machinery Private Limited.

Holding company of our Company
As on date of this Prospectus, our Company does not have a holding company.
Subsidiaries of our Company

As on the date of this Prospectus, our Company has two Subsidiaries i.e. Craftsman Europe B.V. (formerly known
as Craftsman Marine B.V.) and Craftsman Automation Singapore Pte. Ltd. The Board of Directors passed a
resolution on August 20, 2019 to wind up Craftsman Automation Singapore Pte. Ltd. However, the process of
winding up could not be initiated due to the outbreak of COVID-19 pandemic. Subsequently, Craftsman
Automation Singapore Pte. Ltd. filed a declaration of solvency dated September 30, 2020 with the Accounting
and Corporate Regulatory Authority, Singapore on October 6, 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.

1. Craftsman Europe B.V. (formerly known as Craftsman Marine B.V.)
Corporate Information
Craftsman Europe B.V. was incorporated on June 3, 2008 under the laws of the Kingdom of the Netherlands
as Craftsman Marine B.V. The name was changed from Craftsman Marine B.V to Craftsman Europe B.V.
with effect from October 28, 2019. The registered office of Craftsman Europe B.V. is located at Pascalstraat
88, 3316 GR, Dordrecht, The Netherlands.
Nature of Business
Craftsman Europe B.V. is currently permitted to carry on the business of engineering and other technical
design and consultancy, as well as wholesale of articles for ships and for fishing (no sport fishing) in
accordance with applicable rules and regulations.

Capital Structure

The issued and subscribed share capital of Craftsman Europe B.V. is € 28,90,000.00 divided into 28,900
shares of nominal value of € 100 each.

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