Autoline Industries Ltd has informed BSE that the Share Allotment Committee meeting of the Board of Directors at its meeting held on June 17, 2008 has allotted following:

1. 10,80,000 warrants, convertible into Equity shares at a price of Rs 250/- per share (including premium of Rs 240/- per share) to the following Promoters and other Investors:

A. Citadel Advisors FZE, UAE - Foreign Company - 2,70,000 Warrants

B. Mr. Gopal Patwardhan - Executive Chairman - 2,70,000 Warrants

C. Mr. Shivaji Akhade - Promoter & Managing Director - 1,35,000 Warrants

D. Mr. Sudhir Mungase - Promoter & Executive Director- 1,35,000 Warrants

E. Mrs. Rema Radhakrishnan - Promoter - 1,35,000 Warrants

F. Mr. Vilas Lande - Promoter - 1,35,000 Warrants

2. 12,50,000 equity shares at Rs 235/- per share (including a premium of Rs 225/- per share) to following persons:

A. Mr. Rakesh Jhunjhunwala - (public) - 5,00,000 Equity shares

B. Mrs. Rekha Jhunjhunwala - (public) - 5,00,000 Equity shares

C. Mr. Utpal Sheth - (public) - 1,25,000 equity shares

D. Mr. Amit Goela - (public) 1,25,000 equity shares.