Affordable Robotic & Automation Limited has informed the Exchange regarding Notice of Postal Ballot
AFFORDABLE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company has issued a postal ballot notice for three resolutions. First, it seeks shareholder approval to allow its subsidiary ARAPL Raas Private Limited to raise ₹48 crore by issuing securities to Sai Green Projects Private Limited, which will dilute the company's stake from 83.54% (74.56% fully diluted) to approximately 42.50%, causing the subsidiary to cease being a subsidiary and become an associate company. Second, approval is sought for material related party transactions with ARAPL Raas Private Limited up to ₹100 crore for FY 2026-27 for working capital support. Third, approval is sought for borrowings/loans from promoter group companies up to ₹50 crore for FY 2026-27. The subsidiary reported turnover of ₹1.76 crore and loss after tax of ₹11.42 crore for FY 2024-25. E-voting runs from April 30 to May 29, 2026.
Shareholders should note that the subsidiary dilution will reduce consolidated financials while the related party transactions of ₹100 crore (61% of annual turnover) require careful consideration. Approval of these resolutions will significantly alter the subsidiary structure and increase related party exposure.