Autoline Industries issued a Postal Ballot Notice seeking shareholder approval to revise Whole-time Director Mr. Sudhir Vithal Mungase's remuneration to INR 61,48,488 per annum effective March 1, 2026.
The proposed CTC represents a significant increase from the prior remuneration of INR 30,00,000 per annum plus perquisites, as approved by the Board on March 18, 2026.
Remote e-voting via NSDL is scheduled from March 25, 2026 to April 23, 2026, with results to be declared on or before April 25, 2026.
Company reported FY2024-25 standalone revenue of INR 65,692.71 lakh and PAT of INR 1,904.48 lakh, acknowledging inadequate profits for the year.