Mr. Milind Manohar Padole, a promoter of Affordable Robotic & Automation Limited, has sold 325,000 equity shares of the company. This transaction reduced his shareholding from 38.30% to 35.41%. The shares were sold in the open market. Post-sale, Mr. Padole holds 3,982,075 shares.
Shareholding Adjustment
A promoter of Affordable Robotic & Automation Limited, Mr. Milind Manohar Padole, executed a sale of shares on September 23, 2025. The sale involved 325,000 equity shares.
Impact on Shareholding
Prior to this transaction, Mr. Padole held 4,307,075 shares, representing 38.30% of the company’s total share/voting capital. Following the sale, his holding stands at 3,982,075 shares, equivalent to 35.41% of the total share/voting capital.
Transaction Details
The shares were disposed of via the open market. There were no encumbrances on the shares. The total equity share capital of Affordable Robotic & Automation Limited remains unchanged at 11,246,266 equity shares of Rs. 10 each, both before and after the sale.
Purpose of the Sale
The proceeds from the sale will be extended as an interest-free loan to Affordable Robotic and Automation Limited, which in turn shall utilise the funds for further investment in its subsidiary company ARAPL RaaS Private Limited. This decision was made following a Board Meeting held on August 29, 2025.
Source: BSE
