avg logistics closed the subscription period for its rights issue of fully paid-up equity shares on June 09, 2026. The issue aimed to raise funds aggregating up to ₹5,293.02 Lakhs through the issuance of equity shares with a face value of ₹10 each.

The rights issue opened on June 01, 2026, at 10:00 a.m. IST and concluded on June 09, 2026, at 5:00 p.m. IST. The Board of Directors of AVG Logistics Limited had approved the terms of the issuance during a meeting held on May 15, 2026.

The issuance was conducted in accordance with the Companies Act, 2013, and the rules made thereunder, as amended. It also complied with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and other applicable laws.

Key Details of the Rights Issue

The intimation regarding the closure of the issue period was addressed to the BSE Limited and the National Stock Exchange of India Limited. Sanjay Gupta, Managing Director of AVG Logistics Limited, signed the communication confirming the closure.

AVG Logistics Limited opened its rights issue on Monday, June 1, 2026, aiming to raise up to ₹5,293.02 lakhs to augment working capital and fund general corporate purposes. The company confirmed that applications were submitted by identified Specific Investors on the Issue Opening Date, complying with Regulation 77B(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issue comprises up to 36,50,356 fully paid-up equity shares at ₹145.00 per share, including a premium of ₹135.00 per share, in a ratio of 8:33.

Specific Investor Applications

Promoters Asha Gupta and Sanjay Gupta renounced their rights entitlements in favour of identified investors. Specific Investors Sixth Sense India Opportunities IV applied for the entire renounced portion of 18,66,471 Rights Entitlements (REs). The applications were submitted on June 1, 2026, based on confirmations received from the investors and their custodians.

Issue Structure and Key Dates

The rights issue price is payable on application. 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. The record date was Thursday, May 21, 2026.

Financial Metrics and Use of Proceeds

The net proceeds of ₹5,183.39 lakhs, after issue-related expenses of ₹109.63 lakhs, will be utilised for augmenting working capital requirements (₹4,000.00 lakhs) and general corporate purposes (₹1,183.39 lakhs). Brickwork Ratings India Private Limited is the Monitoring Agency. For the nine months ended December 31, 2025, the company reported a Revenue from Operations of ₹40,213.12 lakhs and a Net Profit After Tax of ₹1,546.08 lakhs.