Industrial Products
Clarification10 April 2026 at 05:48 am

Affordable Robotic clarifies share price movement, cites preferential issue

AI Summary

Affordable Robotic & Automation Ltd responded to a clarification request from BSE & NSE regarding significant share price movement. The company affirmed its compliance with SEBI (LODR) Regulations, 2015, and stated it promptly informs stock exchanges of all price-sensitive information. It highlighted the recent intimation on March 30, 2026, about receiving in-principle approval for a Preferential Issue. This issue involves up to 6,04,839 Equity Shares to Non-promoters at an issue price of ₹248 each (including a premium of ₹238), aggregating up to ₹15,00,00,072. The company attributed the share price movement to purely market-driven factors, over which it has no control or specific knowledge of the reasons.

Key Highlights

  • Affordable Robotic clarified share price movement to exchanges.
  • Company cited compliance with SEBI (LODR) Regulations.
  • Highlighted recent in-principle approval for preferential issue.
  • Preferential issue for 6,04,839 shares at ₹248 each.
  • Total preferential issue value is ₹15,00,00,072.