Autoline Industries has announced plans to convene an Extraordinary General Meeting (EGM) on January 02, 2026, to seek shareholder approval for a major fundraising initiative. The auto ancillary company aims to raise ₹24.49 crores through the strategic issuance of convertible warrants.

Fundraising Details

The proposed fundraising structure involves the issuance of 32,65,000 convertible warrants on a preferential basis. This capital raising exercise represents a significant step in the company's growth strategy and expansion plans.

Leadership Participation

In a notable development, Shivaji Akhade, the company's Managing Director and CEO, will participate in this investment round. This leadership participation typically signals strong confidence in the company's future prospects and strategic direction.

Corporate Governance

The company has updated its notice for the Extraordinary General Meeting, ensuring proper communication with shareholders regarding this important corporate action. The EGM will provide shareholders with the opportunity to review and approve the proposed convertible warrant issuance.

The convertible warrants structure offers flexibility to both the company and investors, as these instruments can be converted into equity shares at a later date under predetermined conditions. This fundraising approach is commonly used by companies seeking to raise capital while providing potential upside participation to investors.

Autoline Industries Limited has made significant strides in its diversification strategy with two major announcements. The company has entered the electric vehicle segment through its subsidiary while simultaneously commissioning a solar power project to reduce operational costs.

Electric Two-Wheeler Launch

The company's wholly-owned subsidiary, Autoline E-mobility Private Limited (AEMPL), has successfully launched electric two-wheelers in the domestic market. The subsidiary has received the required accreditation from designated authorities under the Ministry of Heavy Industries for two models.

Solar Power Project Commissioning

Autoline Industries has commissioned a 6.50MW open access solar power facility that has begun supplying power to the company's manufacturing units. The project operates under a Power Purchase Agreement with Hamsa Solar Asset Series 4 Private Limited.

Financial Impact and Benefits

The solar power facility is expected to deliver substantial cost savings for the company's operations. The project will provide protection against electricity price escalations, ensuring stable power costs for the company's manufacturing units.

Key benefits of the solar power project include:

• Annual electricity expense savings of ₹4.00 to ₹5.00 crores
• Protection from future electricity tariff increases
• Sustainable power supply for manufacturing operations
• Enhanced operational cost efficiency

Strategic Diversification

These developments represent Autoline Industries' strategic move toward diversification, encompassing both the growing electric vehicle market and renewable energy adoption. The electric two-wheeler launch positions the company in the expanding e-mobility sector through its dedicated subsidiary, while the solar power project demonstrates the company's commitment to sustainable manufacturing practices and cost optimization.