AVG Logistics defers financial results due to pending audit

AVG Logistics has deferred the meeting of its Board of Directors scheduled for the consideration and approval of its financial results. The delay is attributed to the ongoing finalisation of the company's financial statements, as certain audit procedures, management reviews, and reconciliation of financial information are yet to be completed to the satisfaction of the management and the Statutory Auditors.

The company stated that it considered it prudent to complete all necessary review, verification, and audit procedures before placing the financial results before the Board. This measure is intended to ensure the accuracy, completeness, and reliability of the financial statements, as well as compliance with applicable accounting standards and regulatory requirements. The company clarified that the delay is neither intentional nor an attempt to withhold material information from stakeholders.

AVG Logistics is actively working towards the conclusion of the remaining procedures, which are expected to be finalized shortly. Upon completion, a meeting of the Board of Directors will be convened at the earliest to consider and approve the financial statements and the financial results. The results will be submitted to the Stock Exchange in accordance with applicable regulatory requirements.

The disclosure was made pursuant to Regulation 30 read with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reiterated its commitment to maintaining transparency in regulatory compliance and is making all necessary efforts to complete the financial reporting process.

Key Details	Information
Company	AVG Logistics Limited
Regulation	SEBI (LODR) Regulations, 2015
Reason for Delay	Pending audit procedures and finalisation of statements
Next Step	Board meeting to be convened upon completion of procedures

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.67%	+8.26%	+17.99%	-3.60%	-35.63%	+207.64%

Sixth Sense India Opportunities IV and its Persons Acting in Concert (PAC) have increased their shareholding in AVG Logistics Ltd to 18.36% following a recent acquisition. The acquirer, along with PACs including Nikhil Kishorchandra Vora, IYA Ventures, Nikhil Vora HUF, and Nimisha Manish Nagarsekar, purchased 30,76,264 equity shares through a rights issue and open market transaction. This acquisition represents 16.44% of the company's equity share capital.

The disclosure was submitted to the stock exchanges on June 15, 2026, under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, the acquirer and PACs collectively held 3,57,937 shares, accounting for 2.38% of the share capital. The shares were acquired on Thursday, June 11, 2026.

Details of Shareholding

The acquisition has altered the equity structure of AVG Logistics Ltd. The total equity share capital of the target company increased from 1,50,57,720 shares to 1,87,08,076 shares post-acquisition. The face value of each equity share is INR 10.

Entity	Pre-Issue Shares	Pre-Issue %	Post-Issue Shares	Post-Issue %
Sixth Sense Opportunity Fund IV	1,37,992	0.92%	30,37,256	16.23%
Nikhil Kishorchandra Vora	1,36,673	0.73%	2,86,673	1.53%
IYA Ventures	50,000	0.27%	64,000	0.34%
Nikhil Vora HUF	28,772	0.19%	41,772	0.22%
Nimisha Manish Nagarsekar	4,500	0.02%	4,500	0.02%
Total	3,57,937	2.38%	34,34,201	18.36%

Regulatory Compliance

Sixth Sense India Opportunities IV is a scheme of Sixth Sense IV, a Category II Alternative Investment Fund registered with SEBI under registration number IN/AIF2/24-25/1563. The acquirer confirmed that it does not belong to the promoter or promoter group of AVG Logistics Ltd. The disclosure was filed within the stipulated time prescribed under the SEBI (SAST) Regulations, 2011.