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...
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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.
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Autoline Industries Limited: Corrigendum to EGM Notice for Preferential Issue
December 26, 2025, 10:13 AM
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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.
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