The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Milind Padole
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Mr. Milind Manohar Padole, Promoter and Managing Director of Affordable Robotic & Automation Ltd, sold 275,000 equity shares (2.45% of total share capital) through open market transactions on October 28, 2025. His holding dropped from 3,712,075 shares (33.01%) to 3,437,075 shares (30.56%) post-sale. The total equity share capital of the company is 11,246,266 shares of Rs. 10 each. The transaction was disclosed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, which mandates disclosure when a promoter crosses the 2% acquisition/sale threshold in a financial year. No encumbered shares were involved in the transaction.
Promoter selling on the open market can create short-term selling pressure on the stock and may be perceived as a signal of reduced promoter confidence or liquidity needs. However, the promoter continues to hold a significant 30.56% stake, so long-term control remains intact. Retail investors should watch for any further promoter sales.