Affordable Robotic & Automation Limited has informed the Exchange regarding Notice of Postal Ballot
AFFORDABLE · price
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Affordable Robotic & Automation Limited has issued a Postal Ballot notice seeking shareholder approval on three items. First, to increase the authorised share capital from Rs. 12 crore to Rs. 20 crore (creating 80 lakh additional equity shares of Rs. 10 each). Second, to issue up to 6,04,839 equity shares on a preferential basis to M/s. Atri Energy Transition Private Limited (a non-promoter entity) at Rs. 248 per share, including a premium of Rs. 238 per share, for an aggregate value of up to Rs. 15 crore. Third, to approve material related party transactions for FY 2025-26 capped at Rs. 200 crore. Voting will be conducted electronically between February 21 and March 22, 2026, with results announced by March 24, 2026.
The preferential allotment to a non-promoter entity at a significant premium will dilute existing shareholders' stake slightly and brings in roughly Rs. 15 crore of fresh capital. The authorised capital increase gives the company headroom for further fundraising. Shareholders should review the related party transactions resolution carefully, as it permits transactions up to Rs. 200 crore with subsidiaries or promoter-related entities.