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.

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.