Autolite India - Outcome Of Board Meeting

Autolite India Ltd has informed that the Board of Directors of the Company at its meeting held on June 01, 2007, has taken the following decisions, subject to approval of members in the Extra-Ordinary General Meeting:1. Authority to the Board of Directors of the Company for Issuance of 380,000 equity shares of Rs 25/- each (face value of Rs 10/- each at a premium of Rs 15/-) per share on preferential basis to the Private Corporate Bodies falling under the promoters group subject to the SEBI Guidelines.2. Authority to the Board of Directors of the Company for Issuance of 400,000 warrants convertible within 18 months at Rs 25/- per warrant convertible into one Equity Shares of Rs 10 at a premium of Rs 15/- per share on preferential basis to the Private Corporate Bodies falling under the promoters group subject to the SEBI Guidelines.3. Amendment in the Articles of Association of the Company authorizing issue of warrants.4. To authorize a Committee of Directors for the disposal of Non-Performing Assets of the Company.5. Approval of Notice of the Extra Ordinary General Meeting for obtaining approval of members by way of Special Resolution at the Extra Ordinary General Meeting to be held on June 27, 2007 for the above said purpose.