Date: September 24, 2026
Fundraising / Financing
The allotment committee of Affordable Robotic & Automation Limited on September 23, 2026 made two preferential allotments to Mr. Milind Manohar Padole, Promoter and Director of the Company:
- Allotted 10,93,750 Fully Convertible Warrants at an issue price of ₹192 per warrant (including a premium of ₹182 per warrant)
- Warrants are convertible into equivalent Equity Shares within 18 months from the date of allotment (by March 22, 2028)
- The allotment was made towards adjusting/setting off consideration against outstanding unsecured loan extended by Mr. Padole to the Company
Additionally, pursuant to exercise of conversion option by Mr. Padole:
- Allotted 8,20,000 Equity Shares of face value ₹10 each at an issue price of ₹192 per share (including a premium of ₹182 per share)
- This conversion represents 8,20,000 warrants converted into equity shares
- Conversion was also made towards setting off/conversion of outstanding unsecured loan
Capital Structure Impact
Consequent to the allotment of 8,20,000 equity shares:
- Paid-up Equity Share Capital increased from ₹11,85,11,050 (comprising 1,18,51,105 equity shares of ₹10 each) to ₹12,67,11,050 (comprising 1,26,71,105 Equity Shares of ₹10 each)
- Represents a capital increase of ₹82,00,000