Autoline Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 27, 2008, inter alia, has considered and approved the following:

1. Recommended the payment of Dividend @ 50% i.e. Rs 5/- per equity share of Rs 10/- each for the financial year ended March 31, 2008 subject to the approval of the members at the Annual General Meeting.

2. Appointed Mr. Rakesh Jhunjhunwala as an Additional Director on the Board.