Affordable Robotic & Automation Limited Revises Valuation Report for Preferential Issue
Affordable Robotic & Automation Limited (ARAPL) announced revisions to the Valuation Report concerning a proposed preferential issue of up to 6,04,839 equity shares to a non-promoter entity. The revisions were made following observations from the Stock Exchanges regarding an in-principle approval application.The company confirmed that the fair value of the equity shares remains unchanged despite the revisions to the Valuation Report. The revised report, along with details of the changes, is available on the company’s website at https://arapl.co.in/investor-relations#Announcement (under the 'Preferential Issue' section).
ARAPL stated that the funds raised from the preferential issue will be utilized within 30 days of receipt from the allottee(s). This disclosure is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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