Autoline Industries Limited — Important, 13-11-2024: General Updates

There are no deviations or variations in the utilization of funds raised through Compulsory Convertible Debentures (CCDs) and Warrants for the second quarter and half-year ended September 30, 2024. The total amount raised was ₹48.81 crore, allocated across several categories: ₹42.70 crore for setup, robotics, plant and machinery, ₹10 crore for working capital, and ₹13.03 crore for general corporate purposes. As of the reporting period, ₹28.11 crore has been utilized for the original allocation in the setup category, with full utilization of working capital amounting to ₹10 crore and ₹10.70 crore utilized for general corporate purposes. The audit committee and board have reviewed the statement, confirming adherence to the planned fund utilization without deviations. Positive outlook as the company maintains transparency and effective fund management strategies.