- Affordable Robotic & Automation Limited (NSE: AFFORDABLE, BSE: 541402) approved on July 17 2026 the preferential issue of 1,093,750 fully convertible warrants to promoter Mr. Milind Padole at ₹ 192 per warrant (including a ₹ 182 premium).
- The warrants are intended to extinguish a ₹ 21 crore loan from the promoter; each warrant can be converted into ₹ 10 equity shares within 18 months of allotment.
- Post‑conversion, the promoter’s holding will remain 27.74 % of the issued capital but rise to 33.84 % on a fully diluted basis.
- The board also adopted a draft postal ballot notice, initiating an e‑voting process for shareholder approval of the issue.
The preferential warrant issue to extinguish a ₹21 cr loan should improve Affordable Robotic’s balance sheet and may lift the share price modestly, though dilution and pending shareholder approval add uncertainty.
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