Affordable Robotic & Automation Approves New ESOP Scheme 2026 with 1.5 Lakh Options

Affordable Robotic & Automation Limited announced the outcome of its Board Meeting held on August 31, 2026. The Board approved the Annual Report for the year ended March 31, 2026, including the Directors Report, Management Discussion and Analysis Report, Financial Statement, and Auditors Report.

Additionally, the Board approved the notice for the 17th Annual General Meeting (AGM) and related matters. They also approved cost statements to be annexed to the cost audit report. The meeting concluded with the termination and closure of the Employee Stock Option Scheme 2021, following the surrender of stock options.

A significant decision was the approval of the new Employee Stock Option Scheme 2026 (ESOP Scheme 2026), which allows for the grant of up to 1,50,000 Employee Stock Options (ESOPs) to eligible employees across the company and its subsidiaries. These options will be granted over five years, subject to shareholder approval at the upcoming AGM. The ESOP Scheme 2026 will be administered by the Nomination and Remuneration Committee, designated as the Compensation Committee. The exercise price will be determined by the Committee at the time of grant, linked to the market price, with a provision for a discount but not below the face value of Rs. 10 per share. Vested options can be exercised between one and three years from the grant date.