Autoriders International Ltd

Key board decisions

• Appointed M/s HRU & Associates as Secretarial Auditor for 1 Apr 2026 to 31 Mar 2031.
• Increase in charge-creation limit from INR 100 cr to INR 200 cr, subject to member approval.
• Increase in overall borrowing limit from INR 100 cr to INR 200 cr under section 180(1)(c).
• Re-designation of Mrs. Maneka Vijay Mulchandani as Executive Director (Whole-Time Director) for 3 years.
• Remuneration up to Rs 50,00,000 per annum, subject to AGM.
• MOA amendment to include renewable energy business activities, subject to AGM approval and regulatory authorities.

Financial results

• Board approves standalone and consolidated unaudited results for quarter ended 30 June 2026; Limited Review Reports attached.
• Loan of Rs 300 lakhs to group company; it has ceased to be a going concern; no provision.
• Results and Limited Review Reports to be uploaded on the company's website.

Governance changes

• Ms. Shilpa Shah resigns as Secretarial Auditor effective 12 August 2026 due to pre-occupation.
• M/s HRU & Associates appointed Secretarial Auditor from 12 August 2026 until AGM 2026.

Fund raise and utilisation status

• Mode of fund raising: preferential allotment of equity shares.
• Funds raised: Rs 8.991 crore.
• Monitoring agency: Not Applicable.
• Deviation in use of funds: No.
• Original vs modified objects: No deviation.
• Utilisation status: Funds used as per objects; no deviation.
• Audit committee comments: None.
• Auditors' comments: None.
• Certificate confirms net proceeds utilized as stated.
• Objects: repayment of loans, business expansion, general corporate purpose.

Price movement clarification

• There were no events or information affecting operations requiring SEBI Reg 30 disclosure.
• The share price movement is market-driven and outside the company's control.
• The company will timely inform the stock exchange of any event affecting operations.
• Any price-sensitive information will be disclosed promptly if a material event arises.

Meeting Details

• Board meeting scheduled for 12 August 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited standalone and consolidated financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 1 July 2026 until after declaration of the results for designated persons and relatives.

Dematerialisation confirmation and listing

• Securities received for dematerialisation during quarter ended 30 June 2026 were confirmed to depositories.
• Securities in the certificates have been listed on the stock exchanges where the earlier issued securities are listed.

Certificate handling and ownership update

• Dematerialisation certificates were mutilated and cancelled after verification; depository's name substituted as registered owner within prescribed timelines.

Rating Action

• CARE upgrades Autoriders' long-term bank facilities to BBB-; Stable from BB+; Stable.

Instruments/Ratings

• Long-term bank facilities ₹30 crore rated CARE BBB-; Stable.

Rating Agency

• CARE Ratings Limited (CareEdge Ratings).

Rationale

• Improved operational and financial performance in FY26 (audited).

Outlook

• Stable.

Material Change

• Upgraded from CARE BB+; Stable to CARE BBB-; Stable.