Autoline Industries EGM Unanimously Approves ₹24.49 Crore Fundraising Plan

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.

Meeting Details:	Information
Date:	January 02, 2026
Start Time:	3:00 PM IST
End Time:	3:47 PM IST
Mode:	Video Conference/OAVM
Record Date:	December 26, 2025
Total Shareholders on Record:	31,066

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.

Shareholder Category:	Shares Held	Votes Polled	Votes in Favour	Approval Rate
Promoter & Promoter Group:	1,47,92,588	1,47,92,588	1,47,92,588	100%
Public - Institutions:	56,49,693	56,49,693	56,49,693	100%
Public - Non-Institutions:	12,45,286	12,45,286	12,45,286	100%
Total:	2,16,87,567	2,16,87,567	2,16,87,567	100%

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.

Fundraising Parameters:	Details
Total Amount:	₹24.49 crores
Instrument Type:	Convertible Warrants
Number of Warrants:	32,65,000
Issuance Method:	Preferential Basis
Promoter Participation:	Yes (Permitted under SEBI 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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.68%	-6.13%	+0.08%	-3.77%	-21.70%	+111.21%

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.

Product Details:	Information
Brand Names:	Oxstar Z1 and Oxstar Z2
Market Focus:	Domestic
Subsidiary:	Autoline E-mobility Private Limited (AEMPL)
Authorization:	Ministry of Heavy Industries

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.

Solar Project Specifications:	Details
Capacity:	6.50MW
Facility Location:	Survey Nos. 313, 314, 320 to 323, Nanekarwadi, Pune-410501
Partner:	Hamsa Solar Asset Series 4 Private Limited
Expected Annual Savings:	₹4.00 to ₹5.00 crores

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.