Board Meeting31 Aug 2026, 07:01 pm
Affordable Robotic & Automation Approves Annual Report and New ESOP Scheme
AI Summary
Affordable Robotic & Automation Ltd's Board of Directors met on August 31, 2026, approving the Annual Report for the year ended March 31, 2026, and the notice for the 17th Annual General Meeting. Key decisions included the termination of the ESOP Scheme 2021 and the approval of a new ESOP Scheme 2026, allowing for the grant of up to 1,50,000 Employee Stock Options over five years, subject to shareholder approval. The new scheme will extend benefits to employees previously granted options under the 2021 scheme.
Key Highlights
- Board approved Annual Report for FY26 and notice for 17th AGM.
- ESOP Scheme 2021 terminated upon voluntary surrender of options.
- New ESOP Scheme 2026 approved for up to 1,50,000 options.
- New ESOPs to be granted over five years, subject to shareholder approval.
- Scheme extends benefits to employees under the previous ESOP 2021.
Price Impact
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