Affordable Robotic & Automation Limited Board Approves Fund Raise, Shareholding Changes, and Related Party Deals
Affordable Robotic & Automation Limited's Board of Directors, in a meeting held on April 27, 2026, considered and approved several key corporate actions, including noting a proposed fund raise by its subsidiary, sanctioning related party transactions, and approving the convening of an Extra-Ordinary General Meeting (EGM).Subsidiary Fund Raise and Shareholding Impact
The Board took note of a Term Sheet dated April 09, 2026. This document was executed by ARAPL Raas Private Limited, a material subsidiary of the Company, with Sai Green Projects Private Limited, an investor. The purpose of the term sheet is a proposed fund raise of up to INR 48 Crore, structured in multiple tranches.The execution of the term sheet triggers a consequential reduction in the Company's shareholding in ARAPL Raas Private Limited, owing to the proposed issuance of equity shares by the subsidiary. Management clarified that the number of equity shares held by the Company in ARAPL Raas Private Limited remains unchanged.
The impact on the Company’s shareholding is detailed below:
| Parameter | Pre-Dilution Shareholding (On a diluted basis) | Post-Dilution Shareholding (Expected) |
|---|---|---|
| Percentage | 83.54% (Fully diluted basis 74.56%) | 42.50% (Fully Diluted basis) |
| Reason | N/A | Fund raising by Subsidiary |
| Impact on Status | Subsidiary | Associate Company |
Related Party Transactions Approved
In addition to addressing the fund raise, the Board approved two sets of related party transactions, both subject to the prior approval of the Company's shareholders where applicable.First, the Board approved entering into related party transactions with the Promoter/Promoter Group of the Company for an aggregate value up to ₹50 Crores. These transactions are intended to be interest-free loans utilized as and when required during the financial year 2026-27.
Second, the Board approved entering into related party transactions with ARAPL Raas Private Limited for an aggregate value up to ₹100 Crores. This covers contracts, arrangements, or transactions, including providing support towards working capital requirements, during the year 2026-27, and will be executed on an arm's length basis.
Shareholder Approval Meeting
To seek shareholder endorsement for the above proposals, the Board also approved the convening of an Extra-Ordinary General Meeting (EGM). This meeting will be conducted through Postal Ballot, video conferencing, or other audio-visual means as deemed convenient.AFFORDABLE Stock Price Movement
As of 2:41 PM, shares of Affordable Robotic & Automation Limited are slipping by 0.65% in live trading, currently at ₹180.1. The stock continues to trade down, shedding ₹1.17 against a day's momentum and having seen 23,130 shares transact.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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