Autoline Industries Limited has announced the completion of a significant convertible warrant allotment to its promoter group. The company's Board of Directors approved the allotment through a resolution passed by circulation on February 05, 2026, marking a key milestone in the company's capital raising initiative.

Warrant Allotment Details

The board has approved the allotment of 32.65 lakh convertible warrants at ₹75.00 per warrant to promoter Mr. Shivaji Tukaram Akhade. The allotment represents a substantial financial commitment from the promoter group.

Regulatory Compliance and Timeline

The warrant issuance follows a structured approval process that began with a board meeting on December 03, 2025. The proposal subsequently received shareholder approval during an Extra Ordinary General Meeting held on January 02, 2026. The allotment has been conducted in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Preferential Basis Issuance

The convertible warrants have been issued on a preferential basis, which allows the company to raise capital from specific investors without a public offering. This method provides the company with flexibility in its capital structure while ensuring compliance with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has informed both BSE Limited and the National Stock Exchange of India about this development as part of its disclosure obligations under Regulation 30 of the listing regulations.

Autoline Industries has successfully completed its Extraordinary General Meeting (EGM) held on January 02, 2026, with shareholders unanimously approving the company's ₹24.49 crore fundraising initiative through convertible warrants. The auto ancillary company received 100% approval for both key resolutions presented during the meeting.

EGM Proceedings and Participation

The EGM was conducted through Video Conference and Other Audio Visual Means at 3:00 PM IST, concluding at 3:47 PM. The meeting saw participation from 40 shareholders, including 2 from the promoter and promoter group category and 38 from the public category. All participants attended through video conferencing in accordance with applicable provisions of the Companies Act, 2013.

Voting Results and Resolutions

Both resolutions presented at the EGM received unanimous approval from shareholders. The voting was conducted through electronic means, with Mr. Sujit Manazhy of KANJ & Co. LLP serving as the scrutinizer for the e-voting process.

Resolution 1 - Authorised Capital Increase (Ordinary Resolution): The resolution to increase the authorised share capital and alter the capital clause in the Memorandum of Association received 100% approval across all shareholder categories.

Resolution 2 - Convertible Warrants Issuance (Special Resolution): The special resolution for offering, issuing, and allotting warrants on a preferential basis also achieved unanimous approval despite promoter group interest in the transaction.

Fundraising Structure and Compliance

The approved fundraising involves issuing 32,65,000 convertible warrants worth ₹24.49 crores on a preferential basis. Notably, while the promoter and promoter group have interest in the preferential issue, they were eligible to vote on the resolution as the transaction is exempted under Regulation 2(zc) of the SEBI (LODR) Regulations.

The company has submitted the consolidated scrutinizer's report and voting results to BSE and NSE in compliance with Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report are also available on the company's website at www.autolineind.com and NSDL's e-voting portal.