Affordable Robotic & Automation Limited Approves Preferential Issuance of Warrants to Promoter
Affordable Robotic & Automation Limited has approved the preferential issuance of 1,093,750 Fully Convertible Warrants to its promoter, Mr. Milind Padole. The board of directors sanctioned the move during a meeting held on July 17, 2026.The issuance is structured as a conversion of an outstanding loan amounting to Rs. 21 crore advanced by Mr. Padole to the company. Upon allotment, the corresponding loan liability of Rs. 21 crore will be extinguished to the extent of the issue consideration.
The warrants are priced at Rs. 192 each, which includes a premium of Rs. 182 per share. Under the terms of the agreement, each warrant is convertible into an equivalent number of equity shares of Rs. 10 each within a maximum period of 18 months from the date of allotment.
The company has also approved the draft Postal Ballot Notice to seek shareholder approval through remote e-voting for this preferential allotment.
Transaction Details and Terms
| Parameter | Details |
|---|---|
| Type of Securities | Fully Convertible Warrants |
| Total Number of Securities | 1,093,750 Warrants |
| Issue Price | Rs. 192 each (including premium of Rs. 182) |
| Purpose of Issuance | Conversion of outstanding loan amounting to Rs. 21 crore |
| Conversion Tenure | Maximum of 18 months from allotment |
| Investor Name | Mr. Milind Padole |
Shareholding Impact
The issuance will impact the promoter's holding in the company as follows:| Name of Proposed Allottee | Category | Pre-Issue Holding | Post-Issue Holding | % of Post Issue Capital | % of Post Issue Fully Diluted Capital |
|---|---|---|---|---|---|
| Milind Padole | Promoter | 32,87,075 (27.74%) | 32,87,075 | 32,87,075 (27.74%) | 43,80,825 (33.84%) |
AFFORDABLE Stock Price Movement
Affordable Robotic & Automation Limited shares on Friday slipped by 2.45% to settle at ₹202.95. The stock traded with a volume of 31,294 shares as the price retreated from its previous close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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