AVG Logistics Limited shareholders approved a final dividend of ₹1.20 per equity share for FY26 during the company's 17th Annual General Meeting (AGM) held on September 25, 2026. The meeting also sanctioned an increase in the company's authorized capital from ₹21 crore to ₹25 crore.

The AGM commenced at 10:30 am and concluded at 10:55 am at Bliss and Blessings Banquet in Delhi. A total of 55 shareholders, including promoters, attended the meeting in person or via video conferencing. The proceedings were conducted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key resolutions passed

The Board of Directors, led by Chairperson Pawan Kant, presented several ordinary and special business items for shareholder approval. The resolutions covered financial adoption, director appointments, and capital structure changes.

Voting results and scrutiny

The company submitted the detailed voting results and the report of the scrutinizer on September 28, 2026. Pradeep Kumar Chauhan of M/s Chauhan Pradeep and Associates served as the scrutinizer. The remote e-voting period ran from September 22 to September 24, 2026.

All eight resolutions were passed with overwhelming majority. For most ordinary resolutions, including the adoption of financial statements and capital increase, votes in favour constituted 99.99% of the valid votes cast. Only a negligible number of votes (81 shares) were cast against key proposals such as the dividend declaration and director re-appointments.

For the dividend resolution, promoter group votes were excluded from the count as they were interested in the resolution. Despite this exclusion, public shareholders voted overwhelmingly in favour, with 3,642,581 shares supporting the payout against just 81 shares opposing it.

Attendance and governance

The meeting was attended by key managerial personnel including Whole Time Directors Asha Gupta and Sumit Garg, and Chief Financial Officer Rajesh Rohilla. Independent Director Shyam Sunder Soni and Non-Executive Non-Independent Director Apurva Chamaria were granted leave of absence. Managing Director Sanjay Gupta and Independent Director Susheel Kumar Tyagi participated via video conferencing.

Statutory registers were kept open for inspection by members. The company provided e-voting facilities from September 22 to September 24, 2026, allowing shareholders to cast votes remotely before the physical meeting.

Next steps

The scrutinizer's report confirmed that all resolutions were passed with the requisite majority. The relevant records relating to remote e-voting and voting at the AGM remain in the safe custody of the scrutinizer until the Chairman approves and signs the minutes. The company stated that queries raised by members during the session were addressed satisfactorily by the auditors and the chairperson.

AVG Logistics has scheduled its 17th Annual General Meeting for September 25, 2026. The company will seek shareholder approval for a final dividend and key governance resolutions.

The Board proposes a final dividend of Re 1.20 per equity share of face value ₹10 each for FY26. Shareholders on record as of September 18, 2026, will be eligible for the payout. The meeting will also address the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.

Capital Structure Changes

AVG Logistics seeks to increase its authorized share capital from ₹21 crore to ₹25 crore. This involves creating an additional 40 lakh equity shares of ₹10 each. The Board cited proposed expansion of business operations and the need to facilitate future equity issuances as the rationale for the increase.

Employee Stock Option Scheme

The company proposes the AVG Logistics Employees Stock Option Scheme - 2026. The scheme allows for the grant of up to 9.5 lakh employee stock options. These options are exercisable into an equal number of equity shares via fresh allotment from the company.

Key features of the scheme include:

• Vesting period: 1 to 4 years from the grant date.
• Exercise price: Equal to the face value of the equity share.
• Eligibility: Employees and directors, excluding promoters and independent directors.

A separate special resolution seeks approval for granting options in excess of 1% of issued capital to specific employees, including Whole-time Director Mr. Sumit Garg.

Board Appointments

Shareholders will vote on the reappointment of Managing Director Mr. Sanjay Gupta, who retires by rotation. The meeting will also regularize the appointment of Mr. Sumit Garg as Whole-time Director for five years, effective August 14, 2026.

Mr. Garg’s annual remuneration is fixed at ₹50 lakh, comprising basic salary and other allowances. He will also receive 2 lakh employee stock options and a car with driver as perquisites.

Additionally, the Board seeks approval for the continuation of Mr. Susheel Kumar Tyagi as Independent Director beyond the age of 75 years, in compliance with SEBI LODR regulations.