AVG Logistics Limited has informed the stock exchanges of a Board of Directors meeting scheduled for Friday, May 15, 2026, to consider and decide on various matters pertaining to its proposed Rights Issue. The intimation, filed pursuant to Regulation 29(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, follows the company's receipt of in-principle approvals from the stock exchanges on May 12, 2026.

Background and Context

The upcoming board meeting is a continuation of earlier communications made by the company to the stock exchanges. AVG Logistics had initially intimated the exchanges about a board meeting vide its letter dated April 28, 2026, which was subsequently deferred through a notice dated May 04, 2026. The deferment was attributed to the pending in-principle approval from the stock exchanges in connection with the proposed Rights Issue. With the approvals now received, the company has rescheduled the meeting accordingly.

Key Agenda Items for the Board Meeting

The Board of Directors is set to deliberate on a range of matters central to the structuring of the Rights Issue. The following key items are on the agenda:

Regulatory Compliance

The intimation has been filed in compliance with Regulation 29(1)(d) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also stated that this intimation has been uploaded on its official website at avglogistics.com. The filing was signed by Sanjay Gupta, Managing Director (DIN: 00527801), on May 12, 2026.

Company Details

AVG Logistics Limited is registered under CIN No. L60200DL2010PLC198327, with its registered office located at 25, DDA Market, Savita Vihar, Delhi-110092, and its corporate office at 102, 1st Floor, Jhilmil Metro Station Complex, Delhi-110095.

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.