Autoline Industries share news, announcements and annual reports
NSE: AUTOINDBSE: 532797Auto ComponentsSmall Cap
Autoline Industries Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Jan 2007
Last close ₹73.60up ₹3.60 (5.14%)BSE ₹73.65
Share price at the NSE close on 2 Nov 2026. Previous close ₹70.00.
2 Nov: open ₹71.00, high ₹74.39, low ₹71.00
52-week range of traded prices to 2 Nov 2026
₹48.35Low, 30 Mar 2026₹104.00High, 13 Aug 2026
- Next results date: the board meets on 6 Nov 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹334 Cr2,082nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 8.37
- P/E without one-offsPrice to earnings without one-off items. Market cap divided by core profit: the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, less one-off items (exceptional items and the result of businesses sold or closed). Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹16 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 13.72
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 1.69
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 22.8%
- ROE without one-offsReturn on equity without one-off items. Core profit, the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders less one-off items (exceptional items and the result of businesses sold or closed), as a percentage of the same net worth as the return on equity. Shown where the one-off items move that profit by more than a tenth. The last twelve months' profit includes ₹16 crore of one-off items, the largest of them in the quarter to Mar 2026.
- 13.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 11.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 1.60
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 31,75360.7% delivered
Autoline Industries share news and announcements
712 announcements, routine notices left out, newest first. Page 14 of 15.
Feb 2009
6 Feb · Updates
Name of the Registrar and Transfer Agent (RTA) has been changed from Intime Spectrum Registry Ltd to Link Intime India Private Limited w.e.f. January 06, 2009.
Jan 2009
28 Jan · Board meeting
Board of Directors at it meeting held on January 28, 2009: (1) The Company has received orders from Cummins, Global, for export of sheet metal components /parts worth Rs.11 crores. (2) Nirmiti Autocomponents Private Limited (wholly owned subsidiary of the Company) received an order from GENERAL MOTORS worth Rs.9.50 crores.16 Jan · Board meeting
To consider and approve, inter-alia: 1) The Un-Audited Financial Results (Provisional) of the Company for the quarter and nine-month period ended December 31, 2008.6 Jan · Management
Board of Directors of the Company vide Circular Resolution had appointed Mr. Shivaji Tukaram Akhade, Managing Director of the Company as Chief Executive Officer (CEO) with effect from December 27, 2008.
Dec 2008
29 Dec · Management
Company is in receipt of resignation tendered by Mr. Lalit Kumar Pahwa, Chief Executive Officer of the Company effective from close of December 24, 2008. The Management Committee duly authorised by the Board of Directors has accepted the resignation tendered by Mr. Lalit Kumar Pahwa.29 Dec · Updates
Mr. Gopal Patwardhan, Executive Chairman, has stepped down from the post of Executive Chairman at the Board of Directors meeting of the Company held on December 20, 2008. He will continue as Chairman, without executive powers, and preside over the Board meeting of the Company
Oct 2008
24 Oct · Meeting
Proceedings of the Annual General Meeting of the Company held on September 27, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.21 Oct · Board meeting
To consider and approve inter-alia the following: 1) The Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2008.14 Oct · Management
The Board of Directors had appointed Prof. Chandramouli Padmanabhan as an Independent Director on the Board of the Company with effect from 30th September, 2008. He is professor of Department of Mechanical Engineering, IIT Madras Chennai 600036.
Sep 2008
29 Sep · Results
Mr. Vinayak S. Khanvalkar, Scrutinizer, Partner, Kanj & Associates, Company Secretaries, Pune for Postal Ballot submitted his report on the Postal Ballot to the Chairman and same has been announced by the Chairman on September 27, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.26 Sep · Business
Press release dated September 25, 2008 in relation to acquisition by Koderat Investments Ltd. (Wholly Owned Subsidiary of the Company) - 49% shareholding in SZ Design s.r.l and Zagato s.r.l, Milan, Italy. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.25 Sep · Business
1. This is to inform you that our wholly owned subsidiary, Koderat Investments Limited, a Company incorporated and existing under the laws of Cyprus ("Koderat"), has acquired (49.0%) equity share capital of "SZ Design S.r.l.", an Italian limited liability company having its registered office at Terrazzano di Rho, Milan and "Zagato S.r.I", being an Italian limited liability Company having its registered office at via Borogona, 5, Milan. ("the Companies/Zagato"). Zagato is a Milano-based Italian automotive design company responsible for designing some of the most spectacular cars of the last century for companies such as Ferrari, Maserati, Bugatti, Bentley, Rolls Royce, Jaguar and Lamborghini etc. Zagato, founded in 1919, is one of the most prestigious design houses of the world. The Company offers highly flexible styling, modelling and prototype construction facilities to the world's leading automotive brands. The Company also works with industry leaders in Aerospace, Marine and Railway, including the Ferretti Group, Bombardier and CNH. 2. Koderat has also entered into a shareholders agreement dated 24.09.2008 with Icon Development S.A., a Company incorporated under the laws of Luxembourg, having its registered office at 23, Rue Beamont, L-219 Luxembourg, R.C.S. Luxembourg B-67 441, pursuant to which Koderat shall have the right to increase its shareholding in the Companies to 60%17 Sep · Business
Pursuant to authorisation given by the Board of Directors at its meeting held on September 13, 2008 to the Management Committee, the Management Comittee of Board of Directors at its meeting held on September 17, 2008 has approved: 1. Acquisition of 100% stake in Koderat Investments Limited (making it Wholly Owned Subsidiary of the Company), a Company incorporated and existing under the laws of Cyprus; acting as a Special Purpose Vehicle (SPV) for the purpose of further investment into an Italian S.r.l which will be in automotive design sector in Italy9 Sep · Management
Management Committee of the Board of Directors has appointed Mr. Sanjay Landge as Chief Financial Officer (CFO) of the Company with effect from September 9, 2008.1 Sep · Management
Management Committee of the Board of Directors has appointed Mr. Lalit Kumar Pahwa as Chief Executive Officer (CEO) of the Company with effect from September 01, 2008.
Aug 2008
29 Aug · Meeting
Pursuant to Section 192A(2) of the Companies Act, 1956 read with Companies (Passing of Resolution by Postal Ballot) Rules, 2001 (including any statutory modification of re-enactment thereof for the time being in force), the consent of the members of the Company for the following items is sought by means of a Postal Ballot: 1) Ordinary Resolution under Section 293(1) (a) of the Companies Act, 1956 authorising the Company to create security up to Rs. 500 Crores by way of mortgage / charge on the properties of the Company, as per the details contained in the Postal Ballot notice dated August 20, 2008 and explanatory statement annexed thereto; 2) Special Resolution under Section 146 of the Companies Act, 1956 for shifting of registered office of the Company as per the details contained in the Postal Ballot notice dated August 20, 2008 and explanatory statement annexed thereto. The Company has appointed Mr. Vinayak S. Khanvalkar, Partner, Kanj & Associates, Company Secretaries, Pune, as Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner. The duly completed postal ballot form should reach the Scrutinizer on or before the close of working hours on September 24, 2008. The result of the voting by Postal Ballot will be announced on September 27, 2008. A copy of the Notice of Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.18 Aug · Meeting
Board of Directors have decided to keep the Register of Members and the Share Transfer Register closed from September 20, 2008 to September 27, 2008 (both days inclusive) for preparing a list of shareholders for calculation and payment of dividend at 50% if approved at the Annual General Meeting scheduled to be held on September 27, 2008.
Jul 2008
31 Jul · Utilisation of Funds
Vide notes to Accounts in the unaudited Financial Results for the quarter ended June 30,2008 (taken on record by the Board of Directors of the Company at its meeting held on July 30, 2008) that: "The Company has utilised funds raised through IPO for the purposes for which it has been raised".21 Jul · Board meeting
Meeting on 30 Jul 2008: “Unaudited Financial Results for the Qtr ended June 30, 2008”
Jun 2008
30 Jun · Utilisation of Funds
Vide notes to Accounts in the Audited Financial Results for the quarter & year ended March 31, 2008 (taken on record by the Board of the Directors of the Company at its Meeting held on June 27, 2008) regarding the details of Utilisation of funds received from Public Offer of equity shares. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.28 Jun · Dividend
Board of Directors of the Company at its meeting held on June 27, 2008 has considered and approved the following: 1) Recommended the payment of Dividend @ 50% i.e. Rs.5/- per equity share of Rs.10/- each for the financial year ended March 31, 2008 subject to the approval of the members at the Annual General Meeting. 2) Appointed Mr. Rakesh Jhunjhunwala as an Additional Director on the Board.18 Jun · Board meeting
To consider inter-alia the following: (1) To consider adoption of accounts for the Financial Year ended March 31, 2008. (2) To consider and approve the audited Financial Results for the quarter/year ended March 31, 2008. (3) To consider dividend, if any for the financial year ended March 31, 2008.18 Jun · Allotment
The Share allotment committee meeting of the Board of Directors at its meeting held on June 17, 2008 has allotted the following : (1) 10,80,000 warrants, convertible into Equity Shares at a price of Rs. 250/- per share (including premium of Rs. 240/- per share) to the following Promoters and other Investors: (A) Citadel Advisors FZE, UAE- Foreign company - 2,70,000 Warrants. (B) Mr. Gopal Patwardhan-Executive Chairman - 2,70,000 Warrants. (C) Mr. Shivaji Akhade - Promoter & Managing Director - 1,35,000 Warrants. (D) Mr. Sudhir Mungase - Promoter & executive Director - 1,35,000 Warrants. (E) Mrs. Rema Radhakrishnan - Promoter - 1,35,000 Warrants. (F) Mr. Vilas Lande - Promoter - 1,35,000 Warrants. (2) 12,50,000 equity shares at Rs. 235/- per share(including a premium of Rs. 225/- per share) to following persons: (a) Mr. Rakesh Jhunjhunwala- (public) - 5,00,000 Equity shares. (b) Mrs. Rekha Jhunjhunwala- (public) - 5,00,000 Equity shares. (c) Mr. Utpal Sheth - (public)- 1,25,000 equity shares. (d) Mr. Amit Goela - (public) 1,25,000 equity shares.11 Jun · Meeting
Proceeding of the Extraordinary General Meeting of the Company held on June 03, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
May 2008
12 May · Meeting
Notice of the Extraordinary General Meeting of the members of the Company to be held on June 03, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.8 May · Board meeting
Board of Directors at its meeting held on May 07, 2008 has considered and approved the following: "1) Preferential issue of upto 10,80,000 warrants, convertible into Equity shares to the following Promoters and other Investors - A) Citadel Advisors FZE, UAE - 2,70,000 Warrants. B) Mr. Gopal Patwardhan - 2,70,000 Warrants. C) Mr. Shivaji Akhade - 1,35,000 Warrants. D) Mr. Sudhir Mungase - 1,35,000 Warrants. E) Mrs. Rema Radhakrishnan - 1,35,000 Warrants. F) Mr. Vilas Lande - 1,35,000 Warrants at a price of Rs 250/- per share (including premium of Rs 240/- per share) as per SEBI (DIP) Guidelines 2000 subject to approval of Shareholders at the ensuing Extra Ordinary General Meeting of the Company and also subject to all the necessary approvals, consents, permissions and / or sanctions as may be in this regard. 2) Preferential issue of upto 12,50,000 equity shares to following persons a) Mr. Rakesh Jhunjhunwala - 5,00,000 Equity shares. b) Mrs. Rekha Jhunjhunwala - 5,00,000 Equity shares. c) Mr. Utpal Sheth - 1,25,000 equity shares. d) Mr. Amit Goela - 1,25,000 equity shares at Rs. 235/- per share (including a premium of Rs 225/- per share) in pursuance of Chapter XIII of SEBI (DIP) Guidelines 2000 subject to approval of Shareholders at the ensuing Extra Ordinary General Meeting of the Company and also subject to all necessary approvals, consents, permissions and / or sanctions as may be necessary in this regard. 3) Shifting of Registered Office of the Company from "T-135, MIDC, Bhosari, Pune- 411 026? to "S. Nos. 313, 314, 320 to 323, Nanekarwadi, Chakan, Taluka - Khed, District- Pune - 410 501" subject to approval of members at the ensuing Extra Ordinary General Meeting of the Company. 4) To convene Extraordinary General Meeting of the members of the Company on 3rd June, 2008."6 May · Board meeting
Inter-alia to consider issue of equity shares of the Company on preferential allotment basis in accordance with SEBI (Disclosure and Investor protection) Guidelines, 2000.
Apr 2008
25 Apr · Results
The Company will publish the Audited Financial Results of the Company for the financial year ended 31st March, 2008 within a period of three (3) months from the end of the financial year i.e. upto 30th June, 2008. The Un-audited Financial Results for the quarter ended 31st March, 2008 will not be published
Mar 2008
19 Mar · Allotment of Equity Shares
"The Share Allotment Committee of Directors at its meeting held on 17th March, 2008 has made allotment of 50,000 equity shares of Rs.10/- each at a premium of Rs. 393.50/- per equity share to Mr. Kunju Kutty Aniyan Kunju as part consideration for acquiring remaining 49% stake in Autoline Dimensions Software Limited". Further the company has also submitted a copy of the resolution for allotment of equity shares passed by the Share Allotment Committee of Directors of the Company. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Feb 2008
29 Feb · Business
Autoline Industries Limited, Pune" and "Sharjah Cement & Industrial Development Co.(SCIDC), UAE", have entered into Shareholders' Agreement on 28th February, 2008 with Autoline Industrial Parks Limited, Pune a subsidiary company of Autoline Industries Limited. This Joint Venture has been formed for the purpose of setting up and development of industrial parks relating mainly to Auto Ancillary Units, Design Engineering Units etc. By virtue of this agreement Autoline Industries Limited and its Associates proposes to hold 51.00% and Sharjah Cement & Industrial Development Co. and its Associates proposes to hold 47.33% of the total paid-up share capital of Autoline Industrial Parks Limited4 Feb · Utilisation of Funds
Vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31,2007 (taken on record by the Board of Directors of the Company at its meeting held on January 31, 2008) regarding the details of utilisation of funds received from Public Offer of equity shares. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jan 2008
31 Jan · Board meeting
Board of Directors of the Company at its meeting held on January 31, 2008, inter alia, has taken the following decisions: (1) Regarding proposal for consideration of interim dividend, it was decided not to declare an interim dividend in order to conserve resources for on going expansion and growth plans and will consider the final dividend at the appropriate time. (2) Regarding proposal for issuance of warrants on preferential basis to Promoters, Promoter Company (ies), Directors and other eligible entities including strategic investors, it was decided that the consideration of issue of warrants would be taken up and considered by the Board of Directors at the next Board meeting.21 Jan · Board meeting
To consider, inter alia, the following agenda items: 1) Approval of Un-audited Financial Results (Provisional) for the quarter and nine months ended December 31, 2007. 2) The proposal to declare Interim Dividend on the equity shares of the Company. 3) Issue of convertible Share Warrants to Promoters, Promoter Company (s), Directors and other eligible entities including strategic investors at a price as per SEBI (DIP) Guidelines, 2000 subject to approval of members in the General Meeting.
Dec 2007
24 Dec · Allotment of Equity Shares
"The Share Allotment Committee of Directors at its meeting held on 24th December, 2007 has made allotment of 5,38,125 equity shares of Rs.10/- each at a premium of Rs.390/- per equity share to shareholders of Detroit Engineered Products, Inc. (DEP) for consideration other than cash as part consideration for acquiring 51% stake of DEP". Further, the Company has submitted to the Exchange a copy of the resolution for allotment of equity shares passed by the Share Allotment Committee of Directors of the Company at its meeting held on December 24, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.6 Dec · Business
Press release dated December 05, 2007, titled "Fast-Growing Autoline Adds Important Capability and Footprint with U.S. Acquisition". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements) For more details click here.5 Dec · Business
(1) Formation of wholly owned subsidiary Autoline Industries USA, Inc. (2) 100% Acquisition of business and associated assets of Dura Automotive Systems, USA by Autoline Industries USA, Inc, a wholly owned subsidiary". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Oct 2007
26 Oct · Board meeting
Board of Directors, at their meeting held on October 25, 2007 have approved the following: (1) The Board approved the 100% takeover of Nirmiti Autocomponents Private Limited, a company engaged in the Business of pedal systems, door hinges and manufacturing of sheet metal components and fabricated assemblies, design of press tools, dies, plastic injection moulds, die casting, dies, jigs and fixtures, rubber moulds, press components, plastic mould components, die cast components, machine components, rubber components required for all types of industrial manufacturing, in view of the strategic importance and synergies with the country. It has manufacturing facilities at Pune and Uttaranchal. The takeover is proposed in 2 stages, 76% immediately and balance 24% within next 6 months. (2) The Company has received Letters of Intent for new business from customers like Daimler Chrysler India Private Limited., Cummins Power Generation, USA, and Tata Daewoo, South Korea.26 Oct · Utilisation of Funds
Vide notes to Accounts in the Unaudited Financial Results for the quarter and half year ended September 30, 2007 (taken on record by the Board of the directors of the Company at its meeting held on October 25, 2007) regarding the details of utilisation of funds received from Public Offer of equity shares. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.15 Oct · Board meeting
To consider and approve inter-alia, among other items; Un-audited financial Results (Provisional) for the quarter and half year ended September 30, 2007.
Sep 2007
12 Sep · Meeting
Proceedings of the Annual General Meeting of the Company held on September 01, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Aug 2007
14 Aug · News Verification
News Verification : The media had reports that Autoline Industries Limited may bag a $ 20 million order from Cummins. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Autoline Industries Limited has vide its letter inter-alia stated, "We are having negotiations with several parties for exports. The negotiation with Cummins International is at final stages but we have not yet received the order. As regards acquisition plans, after the Stokota deal did not materialize, we have been looking at other offers synergetic to our operations. However, as the due diligence / terms are not finalized with any of them, we have no comments to offer at this stage."6 Aug · Miscellaneous
Autoline Industries Limited had informed the Exchange regarding the Global Launch of Meshworks Morpher 4.0 Proprietary Software. The Company has now added further details to the same. The revised details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.6 Aug · Miscellaneous
Global Launch of Meshworks Morpher 4.0 Proprietary software. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.3 Aug · Meeting
The Register of Members and the Share Transfer Register will remain closed from Saturday, August 25, 2007 to Saturday, September 1, 2007 (both days inclusive) for preparing the list of shareholders for payment of dividend if approved at the Annual General Meeting scheduled to be held on Saturday, September 1, 2007
Jul 2007
30 Jul · E-mail ID for Investor Complaints
The email address for redressing investor grievance has been changed from "INVESTORSERVICES@AUTOLINEGROUP.ORG" to "INVESTORSERVICES@AUTOLINEIND.COM20 Jul · Utilisation of Funds
Details of utilisation of funds received from Public Offer of equity shares. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.11 Jul · Board meeting
Meeting on 19 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”
Jun 2007
20 Jun · Miscellaneous
The MOU entered into by Autoline Industries Limited with Stokota N.V. Belgium dated 19th February 2007 has become infractious and stands terminated due to technical issues arising from the compliance requirements stated therein. The business of the Company will not be affected
May 2007
10 May · Business
Autoline Industries Limited had informed the Exchange that the Board of Directors at their meeting held on February 21, 2007 has approved in principle the acquisition of Domestic/Foreign Companies and delegated authority to the Management Committee in this regard. The company has further informed the Exchange that: "Autoline Industries Limited has executed an agreement with the promoters of Detroit Engineered Products INC. USA to acquire 51% stake in the Company as strategic investor".9 May · Utilisation of Funds
Details of utilisation of funds received from Public Offer of equity shares during the quarter ended March 31, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.