Autoline Industries Ltd

Autoline Industries Updates EGM Notice: Key Details on ₹24.5 Cr Fundraise 📊

- EGM scheduled for January 2, 2026, at 3:00 PM IST via video conferencing.

- Company to raise ₹24,48,75,000 through preferential issue of 32,65,000 warrants at ₹75 each.

- Funds will be used for working capital needs, with proceeds expected within 18 months.

- Mr. Shivaji Akhade (MD & CEO) will subscribe to all 32,65,000 warrants.

- Promoter holding to increase from 32.60% to 37.12%; non-promoter holding to drop to 62.88%.

- Board endorses the resolution, citing company’s best interest.

- Corrigendum and documents available on company website and NSDL e-voting portal.