Autoline Industries has received a disclosure from IndiaNivesh Renaissance Fund regarding a substantial reduction in shareholding under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The fund, which is not part of the promoter group, has significantly reduced its stake in the company through a structured disposal process.

Transaction Overview

The disclosure reveals a major shareholding change executed through in-specie distribution under SEBI Alternative Investment Funds Regulations, 2012. IndiaNivesh Renaissance Fund disposed of a substantial portion of its holdings, marking a significant shift in the company's ownership structure.

Shareholding Analysis

The transaction represents a substantial reduction in IndiaNivesh Renaissance Fund's position in Autoline Industries. The fund's shareholding decreased from 10.57% to 1.62%, involving the disposal of 40,58,743 shares worth 8.95% of the company's total equity.

Company Capital Structure

Autoline Industries' equity share capital remained stable throughout the transaction period. The company maintains its listing on both NSE and BSE exchanges, with no changes to the overall capital structure reported.

Regulatory Compliance

The transaction was executed on February 18, 2026, with the formal disclosure signed by Siddarth Razdan on February 20, 2026, in Mumbai. The disposal was conducted through in-specie distribution mechanism as permitted under SEBI Alternative Investment Funds Regulations, 2012, ensuring full regulatory compliance.

The disclosure maintains transparency in substantial shareholding changes, providing investors with complete visibility into the ownership restructuring within Autoline Industries.

Autoline Industries Limited has disclosed receiving an adverse judgment from the Oakland County Circuit Court in Michigan, concluding litigation that began with a complaint filed by CJ Holdings North America, LLC. The company informed stock exchanges about this development under Regulation 30 of SEBI listing requirements on February 19, 2026.

Court Judgment Details

The Oakland County Circuit Court passed its judgment on February 17, 2026, which the company received on February 18, 2026. The court ruled in favor of the plaintiff, CJ Holdings North America, LLC, awarding significant financial damages to the company.

Background of the Dispute

The litigation originated from a settlement agreement that Autoline Industries entered into with CJ Holdings North America, LLC on April 18, 2017. Under this agreement, the company committed to paying USD 1,700,000 to settle the plaintiff's claims, subject to Reserve Bank of India approval for payment in tranches.

Following RBI approval, the company successfully paid USD 1,230,000 to the plaintiff. However, USD 470,000 remained unpaid, leading to the current legal proceedings and subsequent judgment.

Enforcement and Next Steps

The company has clarified that this judgment from a non-reciprocating territory is not directly executable in India. The enforcement would require a fresh judicial process in India through the institution of a new suit, following jurisdictional and procedural rules applicable to original suits under the Code of Civil Procedure.

Autoline Industries stated that it is currently analyzing the judgment and developing its strategy, including consideration of the domestication process for the foreign judgment. The company's management is evaluating various legal options available under Indian law for addressing this international court ruling.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and SEBI Circular dated January 30, 2026. The company had previously disclosed brief details of this litigation to stock exchanges on November 20, 2024, when the complaint was initially filed by the plaintiff.

This development represents a significant legal and financial challenge for Autoline Industries Limited as it navigates the complexities of international litigation and potential enforcement proceedings in India.