Affordable Robotic & Automation Limited has secured board approval for the preferential issue of 10.94 lakh fully convertible warrants to promoter Milind Padole to convert an outstanding unsecured loan of ₹21 crore. The warrants will be issued at a price of ₹192 each, including a premium of ₹182 per share, aggregating to ₹21 crore. This conversion is intended to strengthen the company's capital structure and reduce debt obligations, improving leverage and coverage ratios.

The issuance is subject to shareholder approval via a postal ballot, for which the notice was issued on July 20, 2026. The remote e-voting period commences on July 21, 2026, at 09:00 a.m. IST and concludes on August 19, 2026, at 05:00 p.m. IST. The regulatory disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the pricing follows Regulation 164 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Warrant Issuance and Impact

The board proposes to allot warrants convertible into one equity share of ₹10 each within 18 months of allotment. On a fully diluted basis, promoter group shareholding is expected to increase from 41.41% to approximately 46.36% post-conversion. The settlement of the loan liability through equity conversion is expected to enhance financial flexibility and support strategic growth in the industrial automation sector.

The table below outlines the pre and post-issue holding details of the allottee:

Related Party Transactions

Shareholders will also vote on resolutions for material related party transactions for FY 2026–27. The first resolution seeks approval for transactions with subsidiary ARAPL Raas Private Limited, involving the sale of goods or loans for working capital, not exceeding ₹100 crore. The second resolution seeks approval to avail borrowings from promoter group companies not exceeding ₹50 crore during a financial year. The Audit Committee and the Board of Directors have approved these transactions, stated to be in the ordinary course of business and on an arm’s length basis.

Affordable Robotic & Automation Limited has initiated the remote e-voting process for its postal ballot, allowing shareholders to vote on resolutions through electronic means. The e-voting facility is available from July 21, 2026, and will conclude at 5:00 P.M. on August 19, 2026. The company has dispatched the postal ballot notice electronically to shareholders whose names appear in the register of members as of the cut-off date of July 17, 2026.

In compliance with the Ministry of Corporate Affairs (MCA) circulars, the company has not sent physical copies of the postal ballot notice. Shareholders are required to cast their votes using the INSTAVOTE e-voting platform. The Board of Directors has appointed CS Deepti Maheshwari, Practicing Company Secretary, as the scrutinizer to ensure the process is conducted fairly and transparently. The results of the e-voting will be announced on or before August 21, 2026, at the company's registered office and will subsequently be communicated to the stock exchanges.

Shareholders who have not registered their email addresses are advised to do so with their depository participants to receive the notice and obtain login credentials for voting. The notice and voting instructions are also available on the company's website and the websites of the BSE and NSE. Members with queries may refer to the FAQs or contact the designated helpdesk for assistance.

Key Dates for E-Voting