AVG Logistics Limited has announced its Board of Directors' approval for a rights issue to raise funds up to ₹5,300 lakhs. The decision was made during a Board meeting held on April 28, 2026, as communicated to the stock exchanges under Regulation 30 of SEBI Listing Regulations.

Rights Issue Details

The proposed rights issue will involve fully paid-up equity shares of face value ₹10 each, offered to eligible equity shareholders of the company as on the record date. The Board has approved raising funds not exceeding ₹5,300 lakhs through this rights offering, subject to receiving applicable regulatory and statutory approvals.

Board Decisions and Committee Formation

The Board of Directors has constituted a Rights Issue Committee with authorization to determine crucial aspects of the offering. This committee will decide on terms and conditions including the final issue size, rights entitlement ratio, issue price, record date, and timing of the rights issue.

Key decisions made by the Board include:

• Approval of the rights issue proposal up to ₹5,300 lakhs
• Constitution of Rights Issue Committee
• Authorization for committee members to finalize issue terms
• Approval of Draft Letter of Offer

Regulatory Compliance and Exchange Communication

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Regulations by formally notifying both BSE Limited and National Stock Exchange of India Limited about the Board meeting outcomes. The detailed disclosures have been provided as required under Schedule III of the Listing Regulations and SEBI Master Circular dated January 30, 2026.

Meeting Details and Next Steps

The Board meeting commenced at 4:30 p.m. and concluded at 6:30 p.m. on April 28, 2026, with Managing Director Sanjay Gupta signing the regulatory filing. The Rights Issue Committee will now work on finalizing the specific terms of the offering, including the rights entitlement ratio and issue price.

The company has uploaded the outcome details on its website at www.avglogistics.com for stakeholder reference. The record date for determining eligible shareholders will be notified subsequently, along with other key details of the rights issue.

AVG Logistics Limited has informed stock exchanges that it does not qualify as a Large Corporate (LC) entity under the Securities and Exchange Board of India (SEBI) framework for fund raising through debt securities issuance. The disclosure was made on April 25, 2026, in compliance with SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.

Financial Position and Borrowing Details

The company provided key financial information as part of its regulatory disclosure:

The outstanding borrowing figure refers to the company's long-term borrowing as on March 31, 2026. AVG Logistics noted that this amount is provisional and subject to change in accordance with the company's audited financial statements.

Regulatory Compliance

The disclosure was signed by Managing Director Sanjay Gupta, Company Secretary Mukesh Kumar Nagar, and Chief Financial Officer Rajesh Rohilla. The company confirmed it does not meet the criteria specified in SEBI circulars for Large Corporate dated August 10, 2021, and October 19, 2023.

Under SEBI's framework, entities identified as Large Corporates are subject to specific requirements for debt securities issuance. AVG Logistics' confirmation of non-LC status means it is not bound by these additional regulatory obligations.

Company Information

AVG Logistics Limited operates with its registered office at 25, DDA Market, Savita Vihar, Delhi-110092, and corporate office at 102, First Floor, Jhilmil Metro Station Complex, Delhi-110095. The company is incorporated under CIN L60200DL2010PLC198327 and trades on stock exchanges with BSE scrip code 543910 and NSE symbol AVG.