Autoline Industries Ltd.

Inter-alia, has considered and approved subject to the approval of Shareholders of the Company and other necessary approvals:- (a) Raising of funds to the tune of Rs. 454878292.5 by way of preferential issue of up to 4437837 Compulsory Convertible Debentures (CCDs) at a price of Rs. 102.50/- each convertible into or exchangeable for 1 (One) fully paid-up Equity Shares of the Company having face value of Rs. 10/- (Rupees Ten only) at a premium of Rs. 92.50/- each (?Equity Shares?) to persons mentioned in Annexure I, not belonging to the promoter or promoter group of the Company, in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations"), as amended, the Companies Act, 2013 and other applicable laws, as amended and this is subject to the approval of the shareholders of the Company and such regulatory/ statutory authorities as may be applicable. (b) Raising of funds to the tune of Rs. 22550000 by way of preferential issue of upto 2200000 Convertible Warrants having face value of Rs. 10 at a price of Rs. 102.50/- per Warrant (?Warrant Issue Price?) convertible into or exchangeable for 1 (One) fully paid-up Equity Shares of the Company having face value of Rs. 10/- (Rupees Ten only) at a premium of Rs. 92.50/- each (?Equity Shares?) to Mr. Shivaji Akhade and Mr. Sudhir Mungase, Promoters and Directors of the Company in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations"), as amended, the Companies Act, 2013 and other applicable laws, as amended and this is subject to the approval of the shareholders of the Company and such regulatory/ statutory authorities as may be applicable (c) Increase in Authorised Share Capital of the Company and consequent alteration of Capital Clause V of the Memorandum of Association of the Company from the present Rs. 42,00,00,000 (Rupees Forty Two Crores only) consisting of 4,20,00,000 (Four Crores Twenty Lakhs only) Equity Shares of Rs. 10/- (Rupees Ten only) each to Rs. 46,00,00,000 (Rupees Forty Six Crores only) divided into 4,60,00,000 (Four Crores Sixty Lakhs only) Equity Shares of Rs. 10/- (Rupees Ten only) each. The above decision of the Board is subject to the approval of the shareholders and the Board approved the convening of Extra ordinary General Meeting (?EGM?) of the shareholders of the Company on Tuesday, November 7, 2023 for seeking the approval of the shareholders through video-conferencing or other audio-visual means in accordance with Circulars issued by the Ministry of Corporate Affairs. The Board approved and noted the resignation tendered by CS Shilpa Walunj from the post of the Company Secretary & Compliance Officer of the Company w.e.f. October 14, 2023.