| The company was originally incorporated as Affordable Robotic & Automation Private Limited. at Pune, Maharashtra as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 12, 2010 bearing Corporate Identification Number U29299PN2010PTC135298 issued by Registrar of Companies, Pune, Maharashtra. Subsequently, our Company was converted into a Public Limited Company pursuant to a Shareholders' resolution passed at the Extraordinary General Meeting of the Company held on January 24, 2018 and the name of our Company was changed to Affordable Robotic & Automation Limited. vide a fresh Certificate of Incorporation dated February 2, 2018 issued by the Registrar of Companies, Pune, Maharashtra. The Corporate Identification Number of the company is U29299PN2010PLC135298.
Milind Padole and Manohar Padole are the Promoters of the company and initial subscribers to the Memorandum of Association of the company.
KEY EVENTS AND MILESTONES:
2010
- Incorporation of the company as Affordable Robotic & Automation Private Limited
2016
- Entered into Equity Joint venture in Shanghai, China with Shanghai Rachen Intelligent Equipment Co. Ltd to start a Subsidiary Company namely ARAPL Intelligent Equipment Shanghai Co. Ltd.
2018
- Conversion of Company from Private Limited to Public Limited
2023
--The Companys letter dated October 06, 2023 filed in relation to the proposed rights issue of the Company (the 'Issue'), and has filed a Draft Letter of Offer dated December 4, 2023, with BSE Limited.
- The company has inform that ARAPL RaaS International LLC which is 100% Subsidiary of ARAPL Raas Private Limited has Appointed Toyota Lift Northwest as Channel Partner in USA to Strengthen our Operations at US region.
2024
The company issued rights shares of Rs. 10 in the ratio of 46:439 at a premium of Rs. 440 per share.
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