Atul Auto

Announcements

Sales Performance of November 2024

Three wheeler vehicles sales performance figures of the Company for the month of November 2024 Click Here to view the Stock Exchange intimation regarding Sales performance of November 2024.

Sales Performance of October 2024

Three wheeler vehicles sales performance figures of the Company for the month of October 2024 Click Here to view the Stock Exchange intimation regarding Sales performance of October 2024.

Board Meeting on November 09, 2024

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, we hereby inform the Stock Exchange that the Meeting of Board of Directors of the Company is scheduled to be held on Saturday, November 09, 2024 inter alia to consider and approve the un-audited standalone and consolidated financial results for the quarter and half year ended on September 30, 2024.

Further, as communicated earlier, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and as per the Company's Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company has been closed up to forty-eight hours after the announcement of the un-audited standalone and consolidated financial results for the quarter and half year ended on September 30, 2024.

Disclosure under Regulation 39(3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 - Intimation of Loss of Share Certificate.

This is to inform that the Company has received the information about loss of share certificate and request for issuance of duplicate share certificate from the shareholder of the Company as per the details attached, Click Here to view Stock Exchange intimation

Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended September 30, 2024

This is to inform that pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 and based on the confirmation received from M/s. Link Intime India Private Limited, Registrar and Share Transfer Agent (RTA) (SEBI Registration No. : INR000004058) of the Company, the Company hereby submits the Certificate for the quarter ended September 30, 2024. Click Here to view the Certificate.

Sales Performance of September 2024

Three wheeler vehicles sales performance figures of the Company for the month of September 2024 Click Here to view the Stock Exchange intimation regarding Sales performance of September 2024.

Voting Results and Scrutinizer’s Report of 36th Annual General Meeting

With reference of above mention subject, we are enclosing herewith the details of Voting Results (remote e-voting and e-voting during the AGM) of 36th Annual General Meeting (“AGM”) of the Company held on Thursday, September 26, 2024 at 03:30 p.m. (IST) through VC/OAVM, in compliance with the relevant provisions of the Companies Act, 2013 read with the rules made thereunder and in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India in the format prescribed under Regulation 44(3) of the SEBI (LODR) Regulations, 2015 with Scrutinizer’s Report Pursuant to section 109 of the Companies Act, 2013 and rule 21(2) of the Companies (Management and Administration) Rules, 2014.

Please take note that the voting results has already been filed in XBRL mode. Click Here to view the Voting Results and Scrutinizer’s Report.

Proceedings of 36th Annual General Meeting

With reference to the above subject, we are attaching herewith proceedings of Thirty Sixth Annual General Meeting (AGM) of the Company held on Thursday, September 26, 2024 at 03:30 pm. (IST) through Video Conference (“VC”)/Other Audio Visual Means (“OAVM”) without physical presence of the members at the common venue in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The meeting concluded at 03:59 pm. Click Here to view the proceedings

Intimation of closure of Trading Window as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 for quarter ending on September 30, 2024

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from October 01, 2024 till 48 hours after the declaration of the financial results for the quarter ending on September 30, 2024 for all designated persons of the Company.

The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.

Corporate Guarantee To Lenders Of Khushbu Auto Finance Limited, Wholly Owned Subsidiary

With reference to the above subject, we hereby inform the stock exchange that Board of Directors of Atul Auto Limited at its meeting held today i.e. Thursday, September 12, 2024 inter-alia approved to provide the corporate Guarantee of Rs.30 Crore to IDFC First Bank in respect of credit facilities granted by the Bank to Khushbu Auto Finance Limited (KAFL), Wholly-owned Subsidiary of the Company. Click Here to view the disclosure under Regulation 30 of SEBI Listing Regulations.

Sales Performance of August 2024

Three wheeler vehicles sales performance figures of the Company for the month of August 2024 Click Here to view the Stock Exchange intimation regarding Sales performance of August 2024.

Appointment of Mr. R C Maheshwari and Ms. Honey Sethi as an Independent Director

With reference to the above subject, we would like to inform that with recommendation of Nomination and Remuneration Committee, the Board of Directors of Atul Auto Limited at its meeting held on Saturday, August 10, 2024 has appointed Mr. R C Maheshwari (DIN: 09343538) and Ms. Honey Sethi (DIN: 10721537) as an Independent Director (Additional) with effect from August 11, 2024. Click Here to view the additional details of Independent Directors as required pursuant to regulation 30 of the SEBI Listing Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Sales performance of July 2024

Three wheeler vehicles sales performance figures of the Company for the month of July 2024 Click Here to view the Stock Exchange intimation regarding Sales performance of July 2024.

Board Meeting on August 10, 2024

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, we hereby inform the Stock Exchange that the Meeting of Board of Directors of the Company is scheduled to be held on Saturday, August 10, 2024 inter alia to consider and approve the un-audited standalone and consolidated financial results for the quarter ended on June 30, 2024.

Further, as communicated earlier, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and as per the Company's Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company has been closed up to forty-eight hours after the announcement of the un-audited standalone and consolidated financial results for the quarter ended on June 30, 2024.

Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended June 30, 2024

Retirement of Mr. Ranjit Prasad Singh, Senior General Manager (Production) designated Senior Management Personnel of the Company

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’), we would like to inform about the change(s) in the Senior Management Personnel of the Company - Mr. Ranjit Prasad Singh, Senior General Manager (Production) designated as ‘Senior Management Personnel’ of the Company has retired from his services of company with effect from June 30, 2024 Click Here to view the Stock Exchange intimation regarding change in Senior Management Personnel.

Intimation of closure of Trading Window as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 for quarter ending on June 30, 2024

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from July 01, 2024 till 48 hours after the declaration of the financial results for the quarter ending on June 30, 2024 for all designated persons of the Company.

The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.

Incorporation of a new Subsidiary Company Atulease Private Limited

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we wish to inform that Atul Auto Limited (“the Company”) has incorporated a new Subsidiary Company by name Atulease Private Limited. The said Subsidiary Company was incorporated on June 12, 2024. Click Here to view the Stock Exchange intimation

Appointment of Senior Management Personnel of the Company

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’), we would like to inform about the change(s) in the Senior Management Personnel of the Company Mr. Jai Prakash Chaurasia, Senior General Manager - (Manufacturing & Planning) of the Company has been designated as a ‘Senior Management Personnel’ (SMP) of the Company who joins with effect from May 23, 2024 Click Here to view the Stock Exchange intimation and brief profile of Senior Management Personnel.

Disclosure of Related Party Transactions for the half year ended March 31, 2024

Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company hereby submits related party transactions of the Company for the half year ended March 31, 2024. Click Here to view.

OUTCOME OF BOARD MEETING HELD ON MAY 17, 2024

Board of Directors of Atul Auto Limited at its meeting held today i.e. Friday, May 17, 2024 inter-alia decided as under:
1. Considered and approved standalone and consolidated financial results of the company for the quarter ended (reviewed)/ financial year ended (audited) March 31, 2024 and auditors’ reports thereon.
2. Considered and approved audited standalone and consolidated financial statements of the company for the financial year ended March 31, 2024 and auditors’ reports thereon.
3. Considered and took note of resignation/ resignation letter of Mr. Jayantibhai J Chandra from the post of Chairman and Whole-time Director (DIN: 00057722) with effect from closing of business hours on May 16, 2024. The Board of Directors expressed the deep sense of appreciation and gratitude to Mr. Jayantibhai J Chandra, Chairman and Whole-time Director of the Company for his immense contribution in various capacities.
4. Considered and Authorized Mr. Neeraj J Chandra (In place of Mr. Jayantibhai J Chandra) and Mr. Mahendra J Patel as Key Managerial Personnel for the purpose of determining materiality of an event or information and for the purpose of making disclosures to stock exchange(s).

Board Meeting on May 17, 2024

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, we hereby inform the Stock Exchange that the Meeting of Board of Directors of the Company is scheduled to be held on Friday, May 17, 2024 inter alia to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended on March 31, 2024.

Further, as communicated earlier, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and as per the Company's Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company has been closed up to forty-eight hours after the announcement of the standalone and consolidated financial results for the quarter ended (reviewed)/ financial year ended (audited) on March 31, 2024.

CERTIFICATE OF COMPLIANCE WITH REGULATION 7(2) OF THE SEBI (LODR) REGULATIONS, 2015 FOR THE YEAR ENDED ON MARCH 31, 2024.

With reference to the above subject, we hereby submit the compliance certificate duly signed by Mr. Paras J Viramgama, Compliance Officer of Atul Auto Limited and Authorized Representative of Link Intime India Private Limited, RTA (SEBI Registration No.: INR000004058) of the Company certifying the compliance with regulation 7(2) of the SEBI (LODR) Regulations, 2015 for the financial year ended on March 31, 2024 as required under regulation 7(3) of the SEBI (LODR) Regulations, 2015. Click Here to view the Certificate.

CERTIFICATE FROM PRACTICING COMPANY SECRETARY UNDER REGULATION 40(9) OF THE SEBI (LODR) REGULATIONS, 2015 FOR THE FINANCIAL YEAR ENDED ON MARCH 31, 2024.

With reference to the above subject, we hereby submit the Certificate from M/s. Hardik Hudda & Associates, Practicing Company Secretaries certifying the compliance under Regulation 40 (9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the financial year ended on March 31, 2024. Click Here to view the Certificate.

Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended March 31, 2024

This is to inform that pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 and based on the confirmation received from M/s. Link Intime India Private Limited, Registrar and Share Transfer Agent (RTA) (SEBI Registration No. : INR000004058) of the Company, the Company hereby submits the Certificate for the quarter ended March 31, 2024. Click Here to view the Certificate.

Intimation of closure of Trading Window as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 for quarter ending on March 31, 2024

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from April 01, 2024 till 48 hours after the declaration of the financial results for the quarter/year ending on March 31, 2024 for all designated persons of the Company.

The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.

Appointment of Secretarial Auditor for FY 2023-24

With reference to the above subject, we would like to inform you that the Board of Directors of Atul Auto Limited at its meeting held today i.e. Wednesday, January 31, 2024 inter-alia re-appointed M/s. Hardik Hudda & Associates (Membership No. A39621, CP No. 14697) Practicing Company Secretaries, Ahmedabad as Secretarial Auditors to conduct the secretarial audit of the Company for FY 2023-24.

Brief Profile: Hardik Hudda & Associates is a peer reviewed firm of practicing company secretaries registered with the Institute of Company Secretaries of India (ICSI). The firm has experience of Company Law, LODR and Intellectual Property Rights (IPR). The firm is providing professional services in the field of Company Law, LODR and IPR to several corporate clients. The Firm has experience in the field of entire spectrum of secretarial work and company law matters of listed and unlisted companies, to act as Scrutinizer for e-voting and postal ballot, company secretarial audit etc..

Board Meeting on January 31, 2024

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, we hereby inform the Stock Exchange that the Meeting of Board of Directors of the Company is scheduled to be held on Wednesday, January 31, 2024 inter alia to consider and approve the un-audited standalone and consolidated financial results for the quarter/ nine months ended on December 31, 2023.

Further, as communicated earlier, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and as per the Company's Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company has been closed up to forty-eight hours after the announcement of the un-audited standalone and consolidated financial results for the quarter/ nine months ended on December 31, 2023.

Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended December 31, 2023

This is to inform that pursuant to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 and based on the confirmation received from M/s. Link Intime India Private Limited, Registrar and Share Transfer Agent (RTA) (SEBI Registration No. : INR000004058) of the Company, the Company hereby submits the Certificate for the quarter ended December 31, 2023. Click Here to view the Certificate.

Intimation of closure of Trading Window as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 for quarter ending on December 31, 2023

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from January 01, 2024 till 48 hours after the declaration of the financial results for the quarter ending on December 31, 2023 for all designated persons of the Company.

The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.

Disclosure of Related Party Transactions for the half year ended September 30, 2023

Voting Results and Scrutinizer’s Report of 35th Annual General Meeting

With reference of above mention subject, we are enclosing herewith the details of Voting Results (remote e-voting and e-voting during the AGM) of 35th Annual General Meeting (“AGM”) of the Company held on Saturday, September 30, 2023 at 01:00 p.m. (IST) through VC/OAVM, in compliance with the relevant provisions of the Companies Act, 2013 read with the rules made thereunder and in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India in the format prescribed under Regulation 44(3) of the SEBI (LODR) Regulations, 2015 with Scrutinizer’s Report Pursuant to section 109 of the Companies Act, 2013 and rule 21(2) of the Companies (Management and Administration) Rules, 2014.

Please take note that the voting results has already been filed in XBRL mode. Click Here to view the Voting Results and Scrutinizer’s Report.

Intimation of closure of Trading Window as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 for quarter ending on September 30,2023

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from October 01, 2023 till 48 hours after the declaration of the financial results for the quarter ending on September 30, 2023 for all designated persons of the Company.The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.

Proceedings of 35th Annual General Meeting

With reference to the above subject, we are attaching herewith proceedings of Thirty Fourth Annual General Meeting (AGM) of the Company held on Saturday, September 30, 2023 at 1:00 p.m. (IST) through Video Conference (“VC”)/Other Audio Visual Means (“OAVM”) without physical presence of the members at the common venue in accordance with the relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The meeting concluded at 1:40 pm. Click Here to view the proceedings.

Disclosure under regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of Equity Shares upon conversion of Warrants – September 2023

With reference to the above subject and in furtherance to our letters dated October 08, 2022, March 15, 2023 and June 26, 2023, we hereby inform the stock exchanges that the Securities Allotment Committee of Board of Directors of Atul Auto Limited at its meeting held today i.e. Friday, September 15, 2023 inter-alia issued and alloted 17,00,336 equity shares of face value of Rs.5/- each fully paid-up, at an issue price of Rs.198/- each including a premium of Rs.193/- per share aggregating to Rs.33,66,66,528/- to the allottees as attached herewith which also includes promoter (including member of promoter group), pursuant to the exercise of conversion of 17,00,336 convertible warrants out of remaining 17,00,336 warrants (total warrants issued 58,08,080) held by warrant holders.

The allotment of equity shares has been made for cash, upon the receipt of warrant exercise price of Rs.148.50 per warrant (being balance 75% of issue price of Rs.198/- per warrant), aggregating to Rs.25,24,99,896/- These equity shares arising on conversion of the warrants, shall rank pari passu in all respects with the existing equity shares.

The details, as required to be disclosed under Regulation 30 read with the SEBI Circular dated September 09, 2015 are also enclosed as Annexure. Click Here to view the Disclosure.

Voting results of Postal Ballot and Scrutinizer’s Report dated August 22, 2023

This is further to our letter dated July 18, 2023 submitting the Postal Ballot Notice dated July 13, 2023 for seeking approval of the Members of the Company for the two special resolutions. The voting through electronic mode was kept open from Friday, July 21, 2023 (9:00 AM IST) to Saturday, August 19, 2023 (5:00 PM IST) both days inclusive. In this connection, Click Here to download Results of Postal Ballot pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Scrutinizer's Report dated August 22, 2023.

Giving Corporate Guarantee to Subsidiary Company

With reference to the above subject, we hereby inform the stock exchange that Board of Directors of Atul Auto Limited at its meeting held today i.e. Friday, August 11, 2023 inter-alia approved to provide the corporate guarantee of Rs.20 Crore to IDFC First Bank in respect of credit facilities granted by the Bank to Khushbu Auto Finance Limited (KAFL), Wholly-owned Subsidiary of the Company. Click Here to view the disclosure under Regulation 30 of SEBI Listing Regulations and the SEBI circular dated July 13, 2023.

Appointment of Mr. Gurudeo Madhukar Yadwadkar as Independent Director

With reference to the above subject, we would like to inform that the Board of Directors of Atul Auto Limited at its meeting held today i.e. Friday, August 11, 2023 has appointed Mr. Gurudeo Madhukar Yadwadkar (DIN: 01432796) as an Independent Director (Additional) with effect from August 11, 2023. Click Here to view the additional details of Mr. Yadwadkar as required pursuant to regulation 30 of the SEBI Listing Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Outcome of Board Meeting Held Today i.e. August 11, 2023

With reference to the above subject, we would like to inform you that the Board of Directors of Atul Auto Limited at its meeting held today i.e. Friday, August 11, 2023 inter-alia decided as under:

1. Considered and approved Standalone and Consolidated Unaudited Financial Results for the quarter ended on June 30, 2023.

2. Accepted resignation of Mr. Vijay Kumar Goel (DIN: 05014980) from the post of Independent Director w.e.f. close of business hours on June 02, 2023 (The necessary disclosures in this respect have already been done vide our letter dated June 05, 2023 in compliance with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015)

3. Appointed Mr. Gurudeo Madhukar Yadwadkar (DIN: 01432796) as Independent Director from August 11, 2023 on the recommendations of the Nomination and Remuneration Committee

4. Approved to provide Corporate Guarantee to IDBC First Bank in respect of borrowings to be taken by Khushbu Auto Finance Limited, Wholly-owned Subsidiary of Atul Auto Limited for Rs.20 Crore.

The meeting of Board of Directors Commenced at 12:00 IST and ended at 15:15 IST.

Board Meeting on August 11, 2023

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, we hereby inform the Stock Exchange that the Meeting of Board of Directors of the Company is scheduled to be held on Friday, August 11, 2023 inter alia to consider and approve the un-audited standalone and consolidated financial results for the quarter ended on June 30, 2023.

Further, as communicated earlier, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and as per the Company's Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company has been closed up to forty-eight hours after the announcement of the un-audited standalone and consolidated financial results for the quarter ended on June 30, 2023.

POSTAL BALLOT NOTICE.

Notice is hereby given to the members of Atul Auto Limited (CIN: L54100GJ1986PLC016999) (“the Company”) pursuant to the provisions of Section 108, 110 and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014 (“the Rules”) (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force), and Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), as amended from time to time, Secretarial Standard on General Meetings (“SS-2”) issued by the Institute of Company Secretaries of India (ICSI), read with General Circular no. 14/2020 dated April 08, 2020, circular No. 17/2020 dated April 13, 2020, circular No. 22/2020 dated June 15, 2020, circular No. 33/2020 dated September 28, 2020, circular No. 39/2020 dated December 31, 2020, circular No. 10/2021 dated June 23, 2021, circular No. 20/2021 dated December 8, 2021, circular No. 03/2022 dated May 05, 2022 and circular No. 11/2022 dated December 28, 2022 and other relevant circulars issued by the Ministry of Corporate Affairs, Government of India (collectively referred to as “MCA Circulars”) and pursuant to all other applicable laws and regulations that the resolutions appended in the Notice are proposed to be passed by the shareholders through Postal Ballot by way of voting through electronic means (“Remote e-voting”). Please Click Here to view the Notice.

Disclosure under regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of Equity Shares upon conversion of Warrants – June 2023

With reference to the above subject and in furtherance to our letters dated October 08, 2022 and March 15, 2023, we hereby inform the stock exchanges that the Securities Allotment Committee of Board of Directors of Atul Auto Limited at its meeting held today i.e. Monday, June 26, 2023 inter-alia issued and alloted 21,71,717 equity shares of face value of Rs.5/- each fully paid-up, at an issue price of Rs.198/- each including a premium of Rs.193/- per share aggregating to Rs.42,99,99,966/- to the allottees as listed below which also includes promoter (including member of promoter group), pursuant to the exercise of conversion of 21,71,717 convertible warrants out of remaining 38,72,053 warrants (total warrants issued 58,08,080) held by warrant holders.

The allotment of equity shares has been made for cash, upon the receipt of warrant exercise price of Rs.148.50 per warrant (being balance 75% of issue price of Rs.198/- per warrant), aggregating to Rs.32,24,99,974.50. These equity shares arising on conversion of the warrants, shall rank pari passu in all respects with the existing equity shares.

The details, as required to be disclosed under Regulation 30 read with the SEBI Circular dated September 09, 2015 are also enclosed as Annexure. Click Here to view the Disclosure.

Resignation of Mr. Vijay Kumar Goel, Independent Director

With reference to the above subject, we hereby inform that Mr. Vijay Kumar Goel (DIN: 05014980) vide letter dated June 02, 2023 has tendered his resignation from directorship of the Company due to his personal commitments with a request to accept it from close of business hours on June 02, 2023.

The resignation letter with the confirmation under clause 7B of Para A of Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that there is no other material reasons other than provided by the Independent Director and the disclosure under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are attached herewith.

Mr. Goel does not hold directorship/ membership in any other listed Company. Click Here to view the Announcement filed with Stock Exchanges.

Disclosure of Related Party Transactions for the half year ended March 31, 2023

Monitoring Agency Report for the quarter ended March 31, 2023 in relation to Preferential Issue of Warrants

With reference to the above subject and pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 162A of Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, we hereby submit the Monitoring Agency Report for the quarter ended March 31, 2023, issued by CARE Ratings Limited, the Monitoring Agency, appointed to monitor the utilization of proceeds of the Preferential issue of 58,08,080 warrants of the Company including comments of Board of Directors on the findings of the Monitoring Agency. Click Here to view the Report.

Board Meeting on May 20, 2023

Pursuant to Regulation 29 of the SEBI Listing Regulations, 2015, we hereby inform the Stock Exchange that the Meeting of Board of Directors of the Company is scheduled to be held on Saturday, May 20, 2023 inter alia to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended on March 31, 2023.

Further, as communicated earlier, pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended, and as per the Company's Code to Regulate, Monitor and Report Trading by Insiders, the trading window for dealing in the securities of the Company has been closed up to forty-eight hours after the announcement of the standalone and consolidated financial results for the quarter ended (reviewed)/ financial year ended (audited) on March 31, 2023.

Voting results of Postal Ballot and Scrutinizer’s Report

This is further to our letter dated March 22, 2023 submitting the Postal Ballot Notice dated March 06, 2023 for seeking approval of the Members of the Company for the two ordinary resolutions. The voting through electronic mode was kept open from Friday, March 24, 2023 (9:00 AM IST) to Saturday, April 22, 2023 (5:00 PM IST) both days inclusive. In this connection, Click Here to download Results of Postal Ballot pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Scrutinizer's Report dated April 24, 2023.

Intimation of closure of Trading Window as per the SEBI (Prohibition of Insider Trading) Regulations, 2015 for quarter/ year ending on March 31, 2023

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from April 01, 2023 till 48 hours after the declaration of the financial results for the quarter/ financial year ending on March 31, 2023 for all designated persons of the Company.

The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.

POSTAL BALLOT NOTICE

Notice is hereby given to the members of the Company pursuant to the provisions of Section 108, 110 and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014 (“the Rules”) read with General Circular no. 14/2020 dated April 08, 2020, circular No. 17/2020 dated April 13, 2020, circular No. 22/2020 dated June 15, 2020, circular No. 33/2020 dated September 28, 2020, circular No. 39/2020 dated December 31, 2020, circular No. 10/2021 dated June 23, 2021, circular No. 20/2021 dated December 8, 2021, circular No. 03/2022 dated May 05, 2022 and circular No. 11/2022 dated December 28, 2022 and other relevant circulars issued by the Ministry of Corporate Affairs, Government of India (collectively referred to as “MCA Circulars”) and pursuant to all other applicable laws and regulations that the resolutions appended below are proposed to be passed by the shareholders through Postal Ballot by way of voting through electronic means (“Remote e-voting”). Communication of assent or dissent of the Members would take place only through the remote e-voting system. The explanatory statement pursuant to Section 102 of the Act pertaining to the proposed resolutions setting out the material facts concerning each resolution and the reasons thereof is annexed hereto for your consideration. Click Here to view the Notice.

Disclosure under regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of Equity Shares upon conversion of Warrants

With reference to the above subject and in furtherance to our letters dated October 08, 2022, we hereby inform the stock exchanges that the Securities Allotment Committee of Board of Directors of Atul Auto Limited at its meeting held today i.e. Wednesday, March 15, 2023 inter-alia issued and alloted 19,36,027 equity shares of face value of Rs.5/- each fully paid-up, at an issue price of Rs.198/- each including a premium of Rs.193/- per share aggregating to Rs.38,33,33,346/- to the allottees as attached herewith which also includes promoter (including member of promoter group), pursuant to the exercise of conversion of 19,36,027 convertible warrants out of the total 58,08,080 warrants held by warrant holders.

The allotment of equity shares has been made for cash, upon the receipt of warrant exercise price of Rs.148.50 per warrant (being balance 75% of issue price of Rs.198/- per warrant), aggregating to Rs.28,75,00,009.50. These equity shares arising on conversion of the warrants, shall rank pari passu in all respects with the existing equity shares.

The details, as required to be disclosed under Regulation 30 read with the SEBI Circular dated September 09, 2015 are also enclosed as Annexure. Click Here to view the Disclosure.

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