Autoline Industries has informed that the Compensation Committee of the Board of Directors of the Company at their meeting held on May 18, 2013 have approved allotment of 31,487 Equity Shares to its eligible employees, including 4,166 Equity Shares to the independent Directors pursuant to exercise of options at an exercise price of Rs. 25 per share.
The above information is a part of company’s filings submitted to BSE.