Affordable Robotic & Automation promoter sells shares to fund subsidiary investment
Milind Manohar Padole, a promoter of Affordable Robotic & Automation Limited, has disclosed the sale of 325,000 equity shares, representing 2.89% of the total voting capital. This open market transaction reduces his holding from 38.30% to 35.41% of the company's total share/voting capital. The equity shares have a face value of INR 10 each.
The sale, dated September 23, 2025, aligns with a board meeting outcome from August 29, 2025. Proceeds from this sale will be extended as an interest-free loan to Affordable Robotic & Automation Limited.
This loan will facilitate further investment by the company into its subsidiary, ARAPL RaaS Private Limited, indicating a strategic reallocation of capital within the group. The disclosure was made in accordance with SEBI regulations.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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