Autolite India - Outcome of Board Meeting

Autolite India Ltd has informed that the Board of Directors of the Company at its meeting held on July 11, 2007, has approved the application for obtaining the in-principal approval for 380,000 equity shares and 400,000 warrants convertible into equity shares which is to be submitted to the Stock Exchanges. It was further resolved that allotment of shares and warrants shall be made to the proposed allottees within 15 days of granting of in-principal approval by the Stock Exchanges.