Board Meeting27 Apr 2026, 02:27 pm
Affordable Robotic: Subsidiary to Raise ₹48 Cr, Changes Status
AI Summary
Affordable Robotic & Automation Ltd's board approved a proposed fund raise of up to ₹48 Crore in ARAPL Raas Private Limited, a material subsidiary, through Sai Green Projects Private Limited. This will reduce Affordable Robotic's shareholding in ARAPL Raas from 83.54% (74.56% diluted) to 42.50% (diluted), changing its status to an associate company. The board also approved related party transactions with promoters for up to ₹50 Crores and with ARAPL Raas for up to ₹100 Crores, subject to shareholder approval. An EGM will be convened for shareholder approval on these proposals.
Key Highlights
- ARAPL Raas Private Limited to raise up to ₹48 Cr from Sai Green Projects Private Limited.
- Affordable Robotic's stake in ARAPL Raas will reduce to 42.50%, becoming an associate company.
- Board approves related party transactions up to ₹50 Cr with promoters.
- Board approves related party transactions up to ₹100 Cr with ARAPL Raas.
- EGM to be convened for shareholder approval on the above proposals.