Autoline Industries Limited — Important, 27-12-2024: Disclosure of material issue

Autoline Industries Limited has completed the allotment of 42,12,237 equity shares following the conversion of 12% compulsory convertible debentures (CCDs). The CCDs were issued at an issue price of Rs. 102.50 per CCD, with a conversion ratio of 1:1. The shares were allocated in two tranches: 26,00,755 shares on 28th December 2023 and 16,11,482 shares on 1st January 2024, with a premium of Rs. 92.50 per share.

As a result of this allotment, the company’s paid-up equity share capital has increased from Rs. 38.96 crore to Rs. 43.18 crore. This expansion could strengthen the company's financial position and support future growth opportunities. Investors should monitor the impact of this equity increase on the company's market positioning and strategy moving forward.