Autoline Industries Limited: Corrigendum to EGM Notice for Preferential Issue

Autoline Industries Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice originally dated December 3, 2025. The EGM is scheduled to be held on January 2, 2026, at 3:00 P...

Autoline Industries Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice originally dated December 3, 2025. The EGM is scheduled to be held on January 2, 2026, at 3:00 PM IST, through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The corrigendum primarily pertains to Item No. 02 of the Explanatory Statement concerning a preferential issue of Convertible Warrants. The company plans to mobilize funds up to ₹24,48,75,000 (Twenty-Four Crore Forty-Eight Lakh and Seventy-Five Thousand only) for working capital requirements by issuing up to 32,65,000 (Thirty-Two Lakh Sixty-Five Thousand only) Warrants at a price of ₹75/- each. These warrants carry an entitlement to subscribe to an equal number of equity shares upon conversion. Mr. Shivaji Akhade, MD & CEO and a Promoter, is the proposed allottee, subscribing to all 32,65,000 warrants on a preferential basis. The announcement also clarifies that except for Mr. Akhade, no other promoters, directors, or key management personnel intend to subscribe. Additionally, the company has updated related party disclosures concerning Mr. Sudhir Mungase, a Whole-time Director. The corrigendum is an integral part of the EGM notice and will be read in conjunction with it. All other contents of the original EGM notice remain unchanged. The corrigendum is available on the company's website and the websites of BSE and NSE.

Limitations of AI summaries

AI models can summarize market news but cannot assess portfolio-specific impact or simulate investment scenarios.

Platforms like Prysm provide stock-level and portfolio-level analysis.

Why is Autoline Industries Limited in the news today?

Autoline Industries Limited (AUTOIND) is in the news due to the announcement is a corrigendum to a previous notice regarding an egm for a preferential issue. while it details the specifics of the fundraising, it doesn't present new financial performance or significant positive/negative business developments.

EGMEquity FundraisingPreferential Allotment
Autoline Industries LimitedAUTOINDhttps://prysm.fi/v2/analyze/AUTOIND

AI-Powered Summary

Market Context

Top Queries

More News

Explore Prysm Tools

Related Stories

Autoline Industries Limited: Corrigendum to EGM Notice for Preferential Issue

December 26, 2025, 10:13 AM

AI Sentiment Analysis

Top Queries to Ask About Autoline Industries Limited

Autoline Industries Limited has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice originally dated December 3, 2025. The EGM is scheduled to be held on January 2, 2026, at 3:00 PM IST, through Video Conferencing (VC)/Other Audio Visual Means (OAVM).

The corrigendum primarily pertains to Item No. 02 of the Explanatory Statement concerning a preferential issue of Convertible Warrants. The company plans to mobilize funds up to ₹24,48,75,000 (Twenty-Four Crore Forty-Eight Lakh and Seventy-Five Thousand only) for working capital requirements by issuing up to 32,65,000 (Thirty-Two Lakh Sixty-Five Thousand only) Warrants at a price of ₹75/- each. These warrants carry an entitlement to subscribe to an equal number of equity shares upon conversion.

Mr. Shivaji Akhade, MD & CEO and a Promoter, is the proposed allottee, subscribing to all 32,65,000 warrants on a preferential basis. The announcement also clarifies that except for Mr. Akhade, no other promoters, directors, or key management personnel intend to subscribe. Additionally, the company has updated related party disclosures concerning Mr. Sudhir Mungase, a Whole-time Director.

The corrigendum is an integral part of the EGM notice and will be read in conjunction with it. All other contents of the original EGM notice remain unchanged. The corrigendum is available on the company's website and the websites of BSE and NSE.

See What Deep Dive Gives You — in Seconds

“what happens when you click Deep Dive “

Instant AI Summary - “Get clean, noise-free earnings breakdowns.”

PDF Insights - “Download detailed, AI-generated reports.”

Metrics Explained -“Key ratios & trends explained in simple language.”

Want to know if this news pushes your stock up or down?

Just tap

deep dive

More News on Autoline Industries Limited

Discover more trending news on Prysm

View All