Autoline Industries Limited has officially disclosed the voting results and scrutinizer's report for the postal ballot regarding revision in remuneration of Mr. Sudhir Vithal Mungase, Whole Time Director of the Company. The disclosure, made under Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms the successful approval of the special resolution on April 23, 2026.

Voting Process Framework

The postal ballot notice was issued on March 18, 2026, with the record date fixed as March 20, 2026. The total number of shareholders on the record date stood at 30,389. The remote e-voting process was conducted from March 25, 2026, at 9:00 A.M. IST to April 23, 2026, at 5:00 P.M. IST. Mr. Sujit Manazhy, Practicing Company Secretary (Membership No. FCS 7140, CP No. 7382), was appointed as the Scrutinizer to ensure a fair and transparent voting process.

Resolution Details

The special resolution sought approval for the revision in remuneration of Mr. Sudhir Vithal Mungase (DIN: 00006754), Whole Time Director of the Company. The resolution was classified as a special resolution and was of interest to the promoter and promoter group.

Comprehensive Voting Results

The resolution received overwhelming support from shareholders, with 99.39% of votes polled in favour. A total of 2,607,706 votes were polled out of 45,375,401 outstanding shares, representing a participation rate of 5.75%. Public institutions showed strong participation with 79.99% of their held shares being voted.

Official Documentation and Compliance

Based on the scrutinizer's report dated April 24, 2026, the resolution has been duly passed with the requisite majority. The electronic data and relevant records related to the e-voting process have been handed over to the Company Secretary for safekeeping. The complete voting results and scrutinizer's report have been hosted on the company's website at www.autolineind.com . The disclosure was signed by Pranvesh Tripathi, Company Secretary & Compliance Officer, confirming full regulatory compliance with applicable provisions.

Autoline Industries Limited has announced the completion of its subsidiary sale transaction, marking a significant corporate restructuring move. The company successfully transferred its stake in Autoline Industrial Parks Ltd. (AIPL) to MNSC Realty & Developers Pvt. Ltd. on April 16, 2026.

Transaction Overview

The sale transaction stems from a Share Purchase Agreement (SPA) originally executed on August 08, 2023, with an amended agreement dated September 18, 2025. The deal involved the transfer of a 44.78% equity stake in AIPL, including a 1.52% stake held by Autoline Design Software Ltd. (ADSL), the company's wholly owned subsidiary.

Financial Details

The total consideration received from the sale amounted to ₹1,02,85,04,556, distributed among various transferors:

At the time of sale, AIPL reported a net worth of ₹1,15,83,82,301 as on March 31, 2025, with nil turnover or income from the subsidiary.

Management Transition

Following the transaction completion, all existing directors associated with Autoline Industries Limited on AIPL's board submitted their resignations effective April 16, 2026. The complete management control and operations of AIPL have been transferred to MNSC Realty & Developers Pvt. Ltd., which has appointed a new set of directors to oversee the company's management.

Buyer Profile

MNSC Realty & Developers Pvt. Ltd., incorporated under the Companies Act, 2013, operates primarily in real estate activities and other business verticals. The company confirmed that the buyer does not belong to the promoter group or group companies, making this transaction arm's length and not classified as a related party transaction.

Regulatory Compliance

The transaction was conducted in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as per SEBI Master Circular dated January 30, 2026, ensuring full regulatory compliance. The sale does not fall under any scheme of arrangement and was completed outside such frameworks.

Impact on Corporate Structure

With the completion of this transaction, AIPL is no longer classified as a material subsidiary, subsidiary, or associate company of Autoline Industries Limited effective from April 16, 2026. This strategic divestiture represents a significant change in the company's corporate structure and business portfolio.