Affordable Robotic AGM sets new ESOP, director reappointment
- 17th AGM scheduled for September 30, 2026, in Pune
- Shareholders to approve termination of 2021 ESOP scheme
- New ESOP Scheme 2026 proposes 1,50,000 options for employees
- Manohar Padole seeks reappointment as Whole-Time Director
- E-voting period runs from September 27 to September 29, 2026
*this image is generated using AI for illustrative purposes only.
Affordable Robotic & Automation Limited has scheduled its 17th Annual General Meeting (AGM) for September 30, 2026. The meeting will focus on governance updates, including the termination of the previous employee stock option plan and the approval of a new incentive scheme.
The event is set to take place at 11:00 am at the company’s registered office in Pune. Shareholders holding securities as of the record date, September 23, 2026, are eligible to vote. The e-voting window opens on September 27, 2026, and closes on September 29, 2026.
Key Agenda Items
The Board of Directors has listed several ordinary and special business items for shareholder consideration.
- Financial Statements: Adoption of standalone and consolidated audited financial statements for FY26.
- Director Reappointment: Reappointment of Mr. Manohar Padole as a Whole-Time Director liable to retire by rotation. He drew remuneration of ₹30 lakh in FY25-26.
- ESOP Restructuring: Termination of the Employee Stock Option Plan Scheme 2021 and approval of the ESOP Scheme 2026.
- Cost Auditors: Ratification of remuneration for Vivekbrata Mukherjee, appointed as Cost Auditor for FY27.
New ESOP Framework
The company proposes to terminate its 2021 ESOP scheme, citing misalignment with current regulatory provisions and lack of employee uptake. No options were exercised under the previous plan.
The proposed ESOP Scheme 2026 aims to attract and retain talent through a more compliant and lucrative structure. Key features include:
| Feature | Details |
|---|---|
| Total Options | 1,50,000 options convertible into equity shares |
| Face Value | ₹10 per share |
| Vesting Period | Minimum one year, maximum three years from grant |
| Exercise Period | Within two years from vesting date |
| Eligibility | Employees, directors (excluding promoters/independent directors) |
The scheme will be implemented directly by the company through fresh allotment of shares. Benefits will also extend to eligible employees of group companies, including subsidiaries and associates.
Voting Process
Shareholders can cast votes electronically via NSDL, CDSL, or the InstaVote platform. Physical shareholders must register on InstaVote using their folio numbers. Proxy forms must be deposited at the registered office at least 48 hours before the meeting commences.
Historical Stock Returns for Affordable Robotic & Automation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.75% | -3.74% | +1.69% | +39.08% | -26.83% | -77.01% |
How might the new ESOP Scheme 2026 impact the company's dilution metrics and earnings per share in FY27 and beyond?
What specific regulatory changes prompted the termination of the 2021 ESOP scheme, and how does the new structure mitigate previous compliance risks?
Could the reappointment of Mr. Manohar Padole signal a shift in strategic direction for Affordable Robotic & Automation's growth initiatives?
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