Autoline Industries Limited has informed regarding Disclosure of material issue - The Board of Directors has considered and approved the Scheme of Amalgamation amongst Autoline Design Software Limited, a wholly owned subsidiary of the Company, and Autoline Industries Limited.
AUTOIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Autoline Industries Limited reported FY2026 consolidated revenue of Rs 82,405 Lakhs (up 25% from Rs 65,855 Lakhs in FY2025) with net profit of Rs 3,850 Lakhs (vs Rs 1,779 Lakhs), and EPS of Rs 8.59. The Board approved a Scheme of Amalgamation merging Autoline Design Software Limited (wholly owned subsidiary) into the parent company with appointed date April 1, 2025, subject to NCLT and regulatory approvals. The auditors issued a qualified opinion questioning MAT Credit Asset of Rs 596.80 Lakhs as unlikely to be utilized. A US court judgment of USD 10.38 Lakhs (net Rs 530.88 Lakhs) has been disclosed as contingent liability. Non-Executive Nominee Director Mr. Siddarth Razdan resigned. P G Bhagwat LLP was appointed Internal Auditor for FY2026-27.
Strong financial growth and completion of AIPL sale (net gain Rs 2,184 Lakhs) are positives, but the qualified audit opinion on MAT credit and the US litigation contingent liability add risk. The subsidiary amalgamation is routine consolidation and unlikely to have major shareholder impact.