Corporate Action24 Sept 2026, 10:08 pm
Affordable Robotic Allots 10.9 Lakh Warrants, 8.2 Lakh Shares
AI Summary
Affordable Robotic & Automation Ltd has allotted 10,93,750 Fully Convertible Warrants to Mr. Milind Manohar Padole, Promoter and Director, on a preferential basis. These warrants are convertible into equity shares within 18 months at Rs. 192 per warrant. Additionally, 8,20,000 warrants have been converted into equity shares at Rs. 192 per share. This conversion is towards setting off outstanding unsecured loans extended by Mr. Padole to the company. The allotment of equity shares has increased the company's paid-up equity share capital from Rs. 11,85,11,050 to Rs. 12,67,11,050.
Key Highlights
- Company allotted 10.9 lakh warrants to Promoter and Director.
- 8.2 lakh warrants converted into equity shares.
- Allotments are on preferential basis to set off unsecured loans.
- Paid-up equity share capital increased by Rs. 8.2 crore.
- Issue price per warrant/share is Rs. 192.
Price Impact
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