Affordable Robotic & Automation Limited has informed the Exchange about General Updates
AFFORDABLE · price
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Affordable Robotic & Automation Limited has received in-principle approval from BSE and NSE for a proposed preferential issue of up to 6,04,839 equity shares at Rs. 248 per share, which includes a premium of Rs. 238 per share. The total size of the issue is up to approximately Rs. 15 crore. The Board had originally approved this preferential issue at its meeting held on February 18, 2026, and the stock exchanges granted their in-principle clearance on March 30, 2026. The company is now one step closer to completing the preferential allotment, pending any further regulatory or procedural steps.
The preferential issue will lead to dilution of existing shareholders as up to 6,04,839 new equity shares will be issued. Investors should watch for further updates on the identities of the allottee(s), the utilisation of the ~Rs. 15 crore raised, and whether the issue price reflects a premium or discount to the prevailing market price, as this will determine the sentiment impact on the stock.