Autoline Industries Limited has informed the Exchange about Board Meeting held on 06-May-2022, inter-alia, has considered and approved: (1) The Redemption of 21,42,857 9% Optionally Convertible Debentures (OCD???s) amounting to Rs. 15,00,00,000/- (Rupees Fifteen Crores only) on account of non-exercising of the Conversion option attached to the said OCD???s. The said OCDs were issued to JM Financial Asset Reconstruction Company Limited on November 10, 2020 in accordance with the restructuring scheme. (2) The Notice of Postal Ballot for seeking approval from the members for payment of remuneration to Mr. Shivaji Akhade, Managing Director & CEO (DIN: 00006755) and Mr. Sudhir Mungase, Whole time Director (DIN: 00006754). Details pursuant to Clause 12 of Part A of Schedule III read with Regulation 30 of the SEBI ((Listing Obligation and Disclosure Requirements) Regulations, 2015 will be submitted to the exchanges accordingly. The Meeting of the Board of Directors concluded at 5:35 pm. This is for your information and record.
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