Affordable Robotic & Automation Ltd. to Raise INR 80-90 Crores, Receive Interest-Free Loan from Promoter
Affordable Robotic & Automation Ltd. announced that its Board of Directors has decided to raise funds through various means. The company will receive an interest-free loan of INR 25 crores from its Promoter/Managing Director, which could be converted into equity or warrants in the future. Additionally, the company plans to raise INR 50-60 Crores through a preferential round. These funds will be reinvested by Affordable Robotic & Automation Limited into its wholly owned subsidiary, ARAPL RaaS Private Limited, by way of an interest-free loan, which will be converted into equity during the preferential issue round, subject to necessary approvals. The decisions were made during the Board meeting held on Thursday, September 18, 2025.
Key Highlights
- Affordable Robotic & Automation Ltd. to receive an interest-free loan of INR 25 crores from its Promoter/Managing Director.
- The company plans to raise INR 50-60 Crores through a preferential round.
- The raised funds will be reinvested into the subsidiary, ARAPL RaaS Private Limited, as an interest-free loan.
- The interest-free loan will be converted into equity during the preferential issue round.
- Decisions were made during the Board meeting held on September 18, 2025.