Affordable Robotic & Automation Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
AFFORDABLE · price
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Affordable Robotic & Automation Limited has filed the voting results and scrutinizer's report for a postal ballot concluded on March 22, 2026. All three resolutions were passed by shareholders through remote e-voting. Resolution 1 (Ordinary) approved an increase in authorised share capital and related alteration of the Capital Clause of the Memorandum of Association, with 48,67,361 votes in favour and only 3 against. Resolution 2 (Special) approved the preferential issuance of up to 6,04,839 equity shares to a non-promoter entity, also with 48,67,361 votes in favour and 3 against (cleared the three-times margin required for special resolutions). Resolution 3 (Ordinary) approved material related party transactions for FY2025-26, with 6,627 votes in favour and 3 against. No invalid votes were recorded on any resolution.
Shareholders should note that the company has cleared the way to raise its authorised share capital and to issue up to 6,04,839 equity shares on a preferential basis to a non-promoter, which will be dilutive to existing shareholders. Approval of material related party transactions for FY2025-26 is a routine compliance item but investors may want to watch for details of the counterparty and the deal terms.