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Merger30 Jun 2026, 02:55 pm

Autoline Industries amends amalgamation scheme with subsidiary

AI Summary

Autoline Industries Limited has informed about amendments to the scheme of amalgamation of its wholly-owned subsidiary, Autoline Design Software Limited, with itself. The amendments are primarily accounting-related, specifically to Clause 7 (Accounting Treatment), to align with Ind AS 103 requirements for common control business combinations. These changes do not affect the commercial terms, rationale, shareholding, valuation, consideration, or overall structure of the scheme. The Board of Directors had initially approved the amalgamation on May 15, 2026. A revised scheme incorporating these accounting adjustments has been filed.

Key Highlights

  • Autoline Industries amends amalgamation scheme with subsidiary Autoline Design Software.
  • Amendments are accounting-related, aligning with Ind AS 103 for common control combinations.
  • No changes to commercial terms, valuation, or overall scheme structure.
  • Revised scheme incorporating amendments has been filed.