Affordable Robotic promoter sells shares, extends interest-free loan to company
Milind Manohar Padole, a promoter of Affordable Robotic & Automation Limited, disclosed the sale of 160,000 equity shares, representing 1.42% of the total share and voting capital. This transaction, executed on the open market, altered his holding from 30.56% (3,437,075 shares) to 29.14% (3,277,075 shares) of the company's equity share capital.
The purpose of the sale, which occurred on October 31, 2025, is to extend 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. The disclosure was made to both BSE Limited and NSE Limited on November 4, 2025.
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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