NewsAVG Logistics Limited Incorporates Joint Venture Company with Baidyanath LNG Private LimitedAVG Logistics Limited Incorporates Joint Venture Company with Baidyanath LNG Private Limited
AVG Logistics Limited has incorporated joint venture company 'Carbonlite Logistics Private Limited' with Baidyanath LNG Private Limited under equal 50-50 shareholding. The new entity has authorized and paid-up capital of Rs. 10 lakhs each, focusing on logistics business operations. Both companies will subscribe to their respective shares through cash consideration, with detailed business operations to be disclosed later.
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AVG Logistics Limited has announced the incorporation of a joint venture company named 'Carbonlite Logistics Private Limited' in collaboration with Baidyanath LNG Private Limited. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an earlier intimation dated December 25, 2025.
Joint Venture Structure and Capital Details
The newly incorporated joint venture operates under an equal partnership model with specific capital arrangements:
| Parameter: | Details |
|---|---|
| Company Name: | Carbonlite Logistics Private Limited |
| Authorized Capital: | Rs. 10 Lakhs |
| Paid-Up Capital: | Rs. 10 Lakhs |
| AVG Logistics Shareholding: | 50% |
| Baidyanath LNG Shareholding: | 50% |
| Industry Focus: | Logistics |
Shareholding and Investment Structure
Both partner companies will contribute equally to the joint venture through cash subscriptions. AVG Logistics Limited will subscribe to 50% of the shares through cash consideration, while Baidyanath LNG Private Limited will similarly subscribe to the remaining 50% shares in cash. This equal partnership structure ensures balanced control and investment from both entities.
Business Operations and Regulatory Compliance
The joint venture company will operate in the logistics sector, aligning with AVG Logistics Limited's core business activities. The company has confirmed that this joint venture constitutes a related party transaction. No governmental or regulatory approvals are required for this incorporation, and the standard completion timelines apply.
Corporate Disclosure and Future Plans
The announcement was signed by Sanjay Gupta, Managing Director of AVG Logistics Limited (DIN: 00527801), and submitted to both the National Stock Exchange of India Limited (Symbol: AVG) and BSE Limited (Scrip Code: 543910). The company has indicated that detailed information about the joint venture's business operations will be shared in due course as the entity begins its operational activities.
Historical Stock Returns for AVG Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.47% | +0.36% | -3.74% | -24.71% | -29.98% | -5.46% |
What specific logistics services will Carbonlite Logistics target in the LNG and energy sector given Baidyanath LNG's expertise?
How might this joint venture impact AVG Logistics' market positioning against competitors in the specialized energy logistics segment?
Will AVG Logistics consider expanding the joint venture's capital base or geographic reach if initial operations prove successful?
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