Affordable Robotic & Automation , a company specializing in robotic automation solutions, has announced a significant change in its shareholding structure. The company's promoter and Managing Director, Milind Manohar Padole, has sold a portion of his stake to provide funding for a subsidiary investment.

Key Transaction Details

Impact on Shareholding

Purpose of the Sale

The proceeds from this share sale will be utilized in a manner that directly benefits the company:

1. The funds will be provided as an interest-free loan to Affordable Robotic & Automation.
2. The company plans to use this loan for further investment in its subsidiary, ARAPL RaaS Private Limited.

This move suggests a strategic decision to strengthen the company's subsidiary operations, potentially aiming for expanded capabilities or market reach in the robotic automation sector.

Regulatory Compliance

The sale was disclosed in accordance with the Securities and Exchange Board of India (SEBI) regulations, specifically:

1. SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
2. SEBI (Prohibition of Insider Trading) Regulations, 2015

This disclosure ensures transparency in the transaction and compliance with regulatory requirements for substantial share transactions by company insiders.

Implications for Investors

While this sale represents a reduction in the promoter's stake, it's important to note that the funds are being reinvested into the company's ecosystem. This could potentially lead to growth opportunities through the subsidiary, ARAPL RaaS Private Limited.

Investors and market watchers may want to keep an eye on future announcements regarding the utilization of these funds and any developments in the subsidiary's operations, as these could impact the company's overall performance and strategy in the robotic automation market.

Affordable Robotic & Automation Limited (ARAPL), a key player in the robotics and automation sector, has announced impressive financial results for the second quarter. The company's board of directors convened on October 10 to review and approve the standalone and consolidated unaudited financial results for the quarter ended September 30.

Key Financial Highlights

• EBITDA turned positive at ₹596.32 lakhs, compared to negative ₹201.29 lakhs in the previous quarter.

Operational Achievements

• ARAPL secured its first order for Atlas AC2000 autonomous truck loading forklift from a U.S. logistics company.
  • Order value: ₹3.6 crore for two robots on a three-year lease.
  • Potential for scaled deployment of 15-16 robots per site across 15 U.S. warehouses over the next two years.
• ARAPL RaaS has rebranded its product line under the name Humro.

Company Overview

• Operations:
  • 5 plants in Pune
  • Over 400 engineers and technologists in India
  • 7 team members in the USA
  • Facilities in North Carolina and California

Audit Review and Corporate Governance

• Statutory auditors: M/s. Vijay Moondra & Co.
• Limited review report conducted in accordance with the Standard on Review Engagements (SRE) 2410.
• No material misstatements found in the financial results.
• Results comply with applicable accounting standards and SEBI listing regulations.

Affordable Robotic & Automation Limited's strong financial performance and strategic expansion into the U.S. market demonstrate its growing presence in the robotics and automation sector. The company's focus on innovation, as evidenced by its Atlas AC2000 autonomous forklift and the rebranding of its product line, positions it well for future growth in this rapidly evolving industry.

Investors and stakeholders can expect detailed financial metrics in the company's full quarterly report, which should provide further insights into ARAPL's performance and market position in the robotics and automation field.