Scheme of Amalgamation between Autoline Industries Limited and its wholly owned subsidiary namely Autoline Design Software Limited.
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Autoline Industries board approved a scheme of amalgamation to merge Autoline Design Software Limited (ADSL), its wholly-owned subsidiary, into the parent company with appointed date April 1, 2025. This is an internal consolidation requiring NCLT and other regulatory approvals. The board also approved FY26 audited results showing consolidated revenue of Rs 82,405 Lakhs and net profit of Rs 3,850 Lakhs, with EPS of Rs 8.59. Auditors issued a qualified opinion questioning MAT credit asset of Rs 596.80 Lakhs. A US court judgment liability of Rs 530.88 Lakhs was disclosed as contingent. A nominee director also resigned.
The amalgamation is an internal restructuring with no immediate shareholder impact as it involves a 100% owned subsidiary. The qualified audit opinion on MAT credit and the US litigation are the more significant concerns for investors. The scheme is subject to NCLT approval.