Autoline Industries Limited announced a private placement to issue 4,437,837 Compulsory Convertible Debentures (CCDs) at a price of INR 102.50 (premium INR 92.50) each for the gross proceeds of INR 454,878,292.5 and 2,200,000 pre-paid convertible warrants at an issue price of INR 25.625 for the gross proceeds of INR 56,375,000; aggregate gross proceeds of INR 511,253,292.5 on October 13, 2023. The transaction will include participation from new investors AAROHI ENTERPRISES 50,000 debentures, AMIT NITIN CHEDA 25,000 debentures, ANUJ PREMKUMAR AGARWAL HUF 100,000 debentures, RAJNEESH TIWARI 24,391 debentures, ASHNI AKARSH MEHTA 100,000 debentures, DILIP DESHLAHARA 100,000 debentures, CHANDNI KOTHARI 25,000 debentures, CROCHET TRADE & INVESTMENT PVT LTD 100,000 debentures, ENSIGN  MERCANTILES PVT LTD 100,000 debentures, HARIT EXPORT PVT LTD 200,000 debentures, JIGAR KANTILAL GOSAR 25,000 debentures, KALPANA     SUDHIR BHEDA 50,000 debentures, KETAN P KAMDAR 100,000 debentures, MEHAK KETAN KAMDAR 100,000 debentures, TEJAL KETAN KAMDAR 100,000 debentures, MRIDUL DAS 100,000 debentures, NIKHIL  AVNISH  SHAH HUF 50,000 debentures, PADAM KOTHARI 50,000 debentures, PRITHVI SANJAY BHAGAT 300,000 debentures, RASHI FINCORP 100,000 debentures, RATNESH JAIN 50,000 debentures, SATISH RAVAJI KADUKAR 50,000 debentures,  SAURAV RAIDANI 50,000 debentures, SEEMA DILIP VORA 50,000 debentures, SHAILESH SONI 50,000 debentures, SILVERTONE SECURITIES PVT LTD 100,000 debentures, SWATI JAIN 15,000 debentures, SYED MAHMOOD DURRAIZ 50,000 debentures, VISHAL NITIN SAMPAT 100,000 debentures, AVALUR GOPALARATNAM MURLIKRISHNAN 75,000 debentures, OM APEX INVESTMENT SERVICES PVT LTD 20,000 debentures, CHETAN MANOHAR SHAH 20,000 debentures, LOPAMUDRA MANDAL 50,000 debentures, TUSHAR T GANDHI 20,000 debentures, PRATIP BHATTACHARJEE 25,000 debentures, RDHL MARKETING PVT LTD 100,000 debentures, SUKHENDU KANRAR 25,000 debentures, JEHANGIR HOMI MEHTA 50,000  debentures, MANOJ BUDHIA HUF 50,000 debentures, VENKATA SUBRAMANIAN 25,000 debentures, I VENTURES SECURITIES PVT LTD 50,000 debentures, RACHIN SUPPLIERS PVT LTD 200,000 debentures, DINESH JAYANTILAL ZAVERI 41,000 debentures, IYER INVESTMENTS 20,000 debentures, DESIGN DECORE(I) PVT LTD 50,000 debentures, MEERA  SHAILESH JHAVERI 48,780 debentures, ANANTRAY BHOGILAL MEHTA 25,000 debentures, PRASHAT RAJAN HALANKAR 15,000 debentures, VINIT DHIREN GALA 24,400 debentures and PRADIP PARIKH 15,000 debentures and SHIVAJI AKHADE 1,100,000 warrants and SHUDHIR MUNGASE 1,100,000 warrants. The transaction has been approved by the shareholders of the company and is subject to general shareholders which is about to be held on November 7, 2023 and other such regulatory/ statutory authorities as may be applicable.
On November 8, 2023, the company announced that the transaction has been approved by the shareholder of the company.