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Affordable Robotic & Automation MD, chairman, board of directors and AGM

NSE: AFFORDABLEBSE: 541402Industrial ManufacturingSmall Cap

Last close ₹148.84down ₹4.05 (2.65%)BSE ₹147.45

Share price at the NSE close on 23 Oct 2026. Previous close ₹152.89.

52-week range of traded prices to 23 Oct 2026
₹119.71Low, 30 Mar 2026₹276.92High, 23 Oct 2025
Market cap
₹189 Cr2,414th largest listed
P/E
32.2
P/B
Shares changed
Dividend yield
Nonein the last 12 months
ROE
5.6%
ROCE
5.7%
Debt to equity
0.62
Volume, NSE
24,53057.4% delivered

Affordable Robotic & Automation board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorMILIND MANOHAR PADOLE

8 directors4 independent4 executive

  • MILIND MANOHAR PADOLE · Chairperson and managing directorExecutive · joined Jan 2010 · reappointed Jan 2023 · 1 listed board · 1 committee seat
  • MANOHAR PANDURANG PADOLEExecutive · joined Jan 2010 · reappointed Jan 2023 · 1 listed board · 1 committee seat
  • RAHUL MILIND PADOLEExecutive · joined Jul 2017 · 1 listed board
  • PRIYANKA RAHUL PADOLEExecutive · joined Nov 2024 · 1 listed board · 1 committee seat
  • BHARAT KISHORE JHAMVARIndependent · joined Jan 2018 · reappointed Jan 2023 · 101 months as independent · 2 listed boards · 2 as independent · 3 committee seats
  • AJAY VISHNU DESHMUKHIndependent · joined Nov 2018 · reappointed Jan 2023 · 91 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • ROHAN AKOLKAR VIJAYIndependent · joined Jan 2018 · reappointed Jan 2023 · 101 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • SHAILESH SHREEKANT PANDITIndependent · joined Jul 2023 · 35 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • BHAGIRATHI MANOHAR PADOLE, left 17 Nov 2024: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 31 Aug 20268 of 8 present4 independent · 17 days in between
    • 13 Aug 20268 of 8 present4 independent · 26 days in between
    • 17 Jul 20268 of 8 present4 independent · 23 days in between
    • 23 Jun 20268 of 8 present4 independent · 23 days in between
    2 earlier meetings
    • 30 May 20268 of 8 present4 independent · 32 days in between
    • 27 Apr 20268 of 8 present4 independent

  • Audit Committee

    Chair ROHAN AKOLKAR VIJAY

    BHARAT KISHORE JHAMVAR, MILIND MANOHAR PADOLE

    • 31 Aug 20263 of 3 present2 independent · 17 days in between
    • 13 Aug 20263 of 3 present2 independent · 26 days in between
    • 17 Jul 20263 of 3 present2 independent · 47 days in between
    • 30 May 20263 of 3 present2 independent · 32 days in between
    1 earlier meeting
    • 27 Apr 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair AJAY VISHNU DESHMUKH

    BHARAT KISHORE JHAMVAR, ROHAN AKOLKAR VIJAY

    • 31 Aug 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair AJAY VISHNU DESHMUKH

    MANOHAR PANDURANG PADOLE, PRIYANKA RAHUL PADOLE

    • 31 Aug 20263 of 3 present1 independent

  • Corporate Social Responsibility Committee

    Chair AJAY VISHNU DESHMUKH

    MANOHAR PANDURANG PADOLE, MILIND MANOHAR PADOLE, PRIYANKA RAHUL PADOLE

    • 31 Aug 20264 of 4 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • VIJAY MOONRA & COPeer-review certificate valid to Nov 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Affordable Robotic & Automation AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Affordable Robotic & Automation share news and announcements

Annual general meeting, 30 Sep 2026

11,916 shareholders on the register on 23 Sep 2026; present: 7 promoters and 33 others; votes counted by DEEPTI MAHESHWARI / DEEPTI.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.96% · promoters 99.96% · institutions 0.00% · other public 12.81%

  2. To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Auditors Reports thereon
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.96% · promoters 99.96% · institutions 0.00% · other public 12.81%

  3. To appoint a Director in place of Mr. Manohar Padole (DIN 02738236), who retires by rotation in terms of Section 152(6) of the Companies Act 2013, and being eligible, offers himself for re-appointment
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.96% · promoters 99.96% · institutions 0.00% · other public 12.81%

  4. Approval For Termination of Employee Stock Option Plan Scheme 2021 (‘ESOP Scheme 2021’)
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.96% · promoters 99.96% · institutions 0.00% · other public 12.81%

  5. Approval For Implementation of Employee Stock Option Plan Scheme 2026 (‘ESOP Scheme 2026’)
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.96% · promoters 99.96% · institutions 0.00% · other public 12.81%

  6. Approval For Extension of Benefits of the Employee Stock Option Plan Scheme 2026 (“ESOP Scheme 2026”) to The Eligible Employees of the Group Companies Including Holding, Subsidiary and Associate Companies of the CompanyMoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.96% · promoters 99.96% · institutions 0.00% · other public 12.81%

  7. Ratification of Remuneration of Cost Auditors
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 48.96% · promoters 99.96% · institutions 0.00% · other public 12.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Aug 2026, 3 resolutions

11,902 shareholders on the register on 17 Jul 2026; votes counted by Deepti Maheshwari / Deepti.The company's voting result (opens in a new tab)

  1. Issuance of Fully Convertible Warrants to the person belonging to promoter category on preferential basis upon conversion of loan for an aggregate amount of upto Rs. 21,00,00,000/- (Rupees Twenty-One CroresMoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 57.53% · promoters 99.95% · institutions 0.00% · other public 30.07%

  2. To consider and approve Material Related Party Transactions for the Financial Year 2026-27 as per Regulation 23 of SEBI (LODR) Regulations with Subsidiary ARAPL Raas Private Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 16.14% · promoters 0.00% · institutions 0.00% · other public 27.22%

  3. To consider and approve Material Related Party Transactions for the Financial Year 2026-27 as per Regulation 23 of SEBI (LODR) Regulations with Promoter
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 16.14% · promoters 0.00% · institutions 0.00% · other public 27.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 29 May 2026, 3 resolutions

11,614 shareholders on the register on 24 Apr 2026; votes counted by Deepti Maheshwari / Deepti.The company's voting result (opens in a new tab)

  1. To authorise for further Issuance of Se curities by subsidiary i.e., M/S ARAPL Raas Private Limited and Consequent Reduction of Shareholding of the company to less than or equal to fifty percent
    Special
    99.61% for0.39% against

    Against: promoters 0.00% · institutions 0.00% · other public 58.36%

    Turnout: all 40.24% · promoters 96.53% · institutions 0.00% · other public 0.46%

  2. To consider and approve Material Rela ted Party Transactions for the Financial Year 2026-27 as per Regulation 23 of SEBI (LODR) Regulations with Subsidiary ARAPL Raas Private Limited
    OrdinaryNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it
    86.40% for13.60% against

    Against: promoters 0.00% · institutions 0.00% · other public 58.58%

    Turnout: all 1.15% · promoters 2.12% · institutions 0.00% · other public 0.46%

  3. To consider and approve Material Rel ated Party Transactions for the Financial Year 2026-27 as per Regulation 23 of SEBI (LODR) Regulations with Promoter
    OrdinaryNot passedRecorded as not passed although most votes were for it; no reason is givenPromoters have an interest in it
    86.41% for13.59% against

    Against: promoters 0.00% · institutions 0.00% · other public 58.49%

    Turnout: all 1.15% · promoters 2.12% · institutions 0.00% · other public 0.46%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 22 Mar 2026, 3 resolutions

10,863 shareholders on the register on 13 Feb 2026; votes counted by Deepti Maheshwari / Deepti.The company's voting result (opens in a new tab)

  1. Increase in Authorised Share Capital and Alteration of Capital Clause of Memorandum of Association
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 43.28% · promoters 99.95% · institutions 0.00% · other public 0.11%

  2. Issuance of upto 6,04,839 Equity Shares to an entity belonging to the "Non-promoter" category on Preferential Basis
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 44.18% · promoters 99.95% · institutions 100.00% · other public 0.11%

  3. To consider and approve Material Related Party Transactions for the Financial Year 2025-26 as per Regulation 23 of SEBI (LODR) Regulations
    OrdinaryPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 0.06% · promoters 0.00% · institutions 0.00% · other public 0.11%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 29 Sep 2025, 7 resolutions

9,678 shareholders on the register on 22 Sep 2025; present: 9 promoters and 9,669 others; votes counted by Deepti Maheshwari / Deepti.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Standalone Audited Financial Statements of the Company for the financial year ended 31st March 2025, together with the Reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.03% · promoters 99.96% · institutions 0.00% · other public 0.57%

  2. To receive, consider and adopt the Consolidated Audited Financial Statements of the Company for the financial year ended 31st March 2025, together with the Auditors Reports thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.03% · promoters 99.96% · institutions 0.00% · other public 0.57%

  3. To appoint a Director in place of Mr. Rahul Padole (DIN 07891092), who retires by rotation in terms of Section 152(6) of the Companies Act 2013, and being eligible, offers himself for re-appointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.47%

    Turnout: all 47.03% · promoters 99.96% · institutions 0.00% · other public 0.57%

  4. To regularize additional director, Mrs. Priyanka Rahul Padole by appointing her as a director
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.48%

    Turnout: all 47.03% · promoters 99.96% · institutions 0.00% · other public 0.57%

  5. Appointment of M/s Meenu Maheshwari and Associates, Practicing Company Secretaries as Secretarial Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.03% · promoters 99.96% · institutions 0.00% · other public 0.57%

  6. Ratification of Remuneration of Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.01% · promoters 99.92% · institutions 0.00% · other public 0.57%

  7. To Approve Related Party Transactions
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 47.01% · promoters 99.92% · institutions 0.00% · other public 0.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Sep 2026.

  • Unlisted stake boughtARAPL RaaS Private LimitedSince 1 Jul 2026

    −3.02% bought in the quarter; holding 78.83%, from 81.85%

  • Tax disputeService Tax AuthoritySince 27 Oct 2020
    Pending in CESTAT

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Sep 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it.