Affordable Robotic & Automation Limited announced that the board of directors at their meeting held on May 13, 2023, have approved incorporation of a wholly owned subsidiary of the company. The incorporation of the wholly owned subsidiary will leverage the growth opportunities in the automated warehouse and robotics and will help the company to capture market in other countries. Name of the target entity: ARAPL RaaS US, INC or any other name as approved by the authority of Delaware, US.

It is contemplated that Company shall carry on the business of to run Warehouses, Go-downs, open platforms, refrigeration houses, stores and other similar establishments to provide facilities to FMCG; e-commerce; retail & fashion fulfillment centers and Distribution centers for storage of commodities and other establishments, goods, articles and things, and for the purpose to act as agent, custodian, warehouseman, transportation and distribution agent, stockiest, auctioneer, importer, exporter, or otherwise to deal in all sorts of commodities, vegetables, fruits, edibles and similar goods and Warehousing Solutions offerings; AS/RS; (Automatic Guided Vehicle) AGV; Truck Loading and Unloading Solutions; Order Fulfilment; Conveyor Systems; Carousels and also provides for Robotic Applications for Palletizing De-Palletizing; Stretch-Wrapping; Pick & Place; vertical of Warehouse automation; Robots and Robotic solutions; AI (Artificial intelligent); RaaS (Robotic as a Service) and providing all services and utilities for the same and/or to carry out other related activities.