avg logistics has scheduled a board meeting on May 30, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The meeting will be held pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The declaration of these results is a key material event for shareholders as it will close the trading window for a specified period.

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for the company will remain closed until 48 hours after the declaration of the audited standalone and consolidated financial results. This measure is intended to prevent insider trading and ensure market integrity during the period of price-sensitive information disclosure.

Meeting Details

The board meeting is set to take place on Saturday, May 30, 2026. The agenda focuses specifically on the financial performance for the fourth quarter and the full financial year ending March 31, 2026. Sanjay Gupta, Managing Director, signed the intimation dated May 26, 2026, confirming the schedule.

AVG Logistics Limited completed the dispatch of the Letter of Offer, Application Form, and Rights Entitlement (RE) Letters to eligible equity shareholders on May 25, 2026. This action follows the approval of the Letter of Offer by the Rights Issue Committee on May 18, 2026, and the Board of Directors' approval of the issue terms on May 15, 2026. The company has received in-principle listing approvals from BSE Limited and the National Stock Exchange of India Limited. The rights issue aims to raise up to ₹5,293.02 lakhs to augment working capital requirements and fund general corporate purposes.

Issue Structure and Key Dates

The rights issue comprises up to 36,50,356 fully paid-up equity shares of face value ₹10 each at an issue price of ₹145.00 per share, including a premium of ₹135.00 per share. The shares are offered in a ratio of 8 rights equity shares for every 33 equity shares held by eligible shareholders as on the record date of Thursday, May 21, 2026. The issue price is payable on application.

Use of Proceeds

The gross proceeds from the issue are estimated at up to ₹5,293.02 lakhs, with estimated issue-related expenses of ₹109.63 lakhs, resulting in net proceeds of ₹5,183.39 lakhs. The net proceeds are proposed to be utilised for augmenting working capital requirements (₹4,000.00 lakhs) and general corporate purposes (₹1,183.39 lakhs). The amount for general corporate purposes will not exceed 25% of the gross proceeds. Brickwork Ratings India Private Limited has been appointed as the Monitoring Agency.

Financial Metrics and Capital Structure

Prior to the issue, AVG Logistics has 1,50,57,720 equity shares outstanding. Upon full subscription, the post-issue paid-up share capital will be 1,87,08,076 equity shares. The ex-rights price is ₹149.13 per equity share.

Promoter Participation and Underwriting

Promoters Asha Gupta and Sanjay Gupta intend to renounce their rights entitlements in favour of identified investors. Promoter Niti Gupta and Promoter Group members intend to subscribe fully to their entitlements. Systematix Corporate Services Limited has been appointed as the underwriter for the unsubscribed portion in the public category, with a maximum obligation of ₹1,500 lakhs.