Affordable Robotic & Automation Limited (ARAPL) has disclosed that one of its promoters, Mr. Milind Manohar Padole, has sold equity shares in the company. This information was revealed in a regulatory filing made to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeover Regulations, 2011.

Disclosure Details

The company's filing, signed by Company Secretary Ruchika Shinde, provides insight into this significant transaction. While the exact number of shares sold and the transaction value were not specified in the available information, the sale is substantial enough to warrant disclosure under SEBI regulations.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. This regulation requires promoters to disclose any change in their shareholding that exceeds certain thresholds, ensuring transparency in the stock market.

Company Background

Affordable Robotic & Automation Limited, with the Corporate Identification Number (CIN) L29299PN2010PLC135298, is headquartered in Village Wadki, Pune, Maharashtra. The company operates in the robotics and automation sector.

Impact on Investors

While the exact impact of this share sale on the company's stock price and overall market perception remains to be seen, such transactions by promoters often attract investor attention. Shareholders and potential investors may want to keep a close eye on any further developments or disclosures from the company regarding changes in promoter holdings.

Investors are advised to consider this information as part of their overall assessment of the company but should also look at other financial and operational factors before making any investment decisions.

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.