Affordable Robotic & Automation Promoter Milind Padole Divests Equity Stake
Affordable Robotic & Automation Limited (ARAPL) has reported a change in promoter shareholding. Mr. Milind Manohar Padole, a promoter, has sold a portion of his equity shares, leading to a regulatory filing under SEBI regulations. The company's Secretary, Ruchika Shinde, submitted a revised disclosure to both BSE and NSE in compliance with SEBI's Substantial Acquisition of Shares and Takeovers Regulations. The specific number of shares sold and the resulting change in ownership percentage were not disclosed in the announcement.

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Affordable Robotic & Automation Limited (ARAPL), a company specializing in robotic and automation solutions, has reported a significant change in its promoter shareholding. The company disclosed that promoter Mr. Milind Manohar Padole has sold a portion of his equity shares, prompting a regulatory filing under the Securities and Exchange Board of India (SEBI) regulations.
Regulatory Compliance
ARAPL's Company Secretary, Ruchika Shinde, submitted a revised disclosure to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). This filing was made in accordance with Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.
Details of the Transaction
The company has not disclosed the specific number of shares sold or the resulting change in Mr. Padole's ownership percentage in the brief announcement. However, the transaction was significant enough to warrant a regulatory disclosure, indicating a potentially material change in the promoter's stake.
Implications for Investors
While the exact scale of the divestment remains undisclosed, such transactions by promoters often attract investor attention. Shareholders and market analysts may be keen to understand the reasons behind the sale and its potential impact on the company's ownership structure.
Company Background
Affordable Robotic & Automation Limited, headquartered in Pune, Maharashtra, operates in the automation sector. The company's Corporate Identification Number (CIN) is L29299PN2010PLC135298.
Market Response
As this news reaches the market, investors will likely monitor any potential impact on ARAPL's stock price and trading volumes. The company's share price movement in the coming days may reflect the market's interpretation of this promoter action.
Shareholders and potential investors are advised to keep an eye on further disclosures from the company for more detailed information about the extent of the share sale and any changes in the promoter's holding pattern.
Historical Stock Returns for Affordable Robotic & Automation
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.89% | -5.77% | -13.72% | -38.84% | -67.07% | -67.07% |