Affordable Robotic & Automation promoter Milind Padole reduces stake, to provide loan

Milind Manohar Padole, a promoter of Affordable Robotic & Automation Limited, has revised his disclosure regarding the sale of equity shares. An initial filing on September 22, 2025, indicated a disposal of 58,987 shares, reducing his holding from 41.23% to 40.71%. This transaction, executed via open market on September 3 and 4, 2025, represented a 0.52% change in voting capital.

A subsequent revised disclosure, also dated September 22, 2025, detailed a larger cumulative sale of 271,179 shares. This further reduced Padole’s stake from 40.71% to 38.30%. These transactions, spanning September 5, 18, and 19, 2025, constituted a 2.41% change in voting capital. The equity share capital remained constant at 11,246,266 equity shares of INR 10 each.

The proceeds from these sales, in line with a Board Meeting on August 29, 2025, will be extended as an interest-free loan to Affordable Robotic & Automation Limited. The company plans to utilize these funds for further investment in its subsidiary, ARAPL RaaS Private Limited.