AVG Logistics has secured a significant 3-year transportation contract from Haldiram-Nagpur to deploy 100 vehicles. The agreement is expected to generate approximately ₹35 Crore in annual revenue, strengthening the company's presence in the fast-moving consumer goods (FMCG) logistics sector. This order marks a strategic expansion of AVG Logistics' fleet capacity to serve the Western and Southern regions of India, along with key eastern states including Odisha, Bihar, and Jharkhand.

Contract Details

The key parameters of the newly secured contract are outlined below:

Strategic Significance

The contract underscores AVG Logistics' growing capability to handle large-scale logistics requirements for major consumer brands. By deploying 100 dedicated vehicles, the company aims to improve service coverage, optimize turnaround times, and enhance delivery efficiency across multiple regions. The agreement was finalized by Mr. Vinayak Gupta, Chief Strategy Officer & ESG Head, and Mr. Sumit Garg, Executive Vice President of AVG Logistics Limited, along with Mr. Kamal Aggarwal Ji from Haldiram-Nagpur.

Financial Context

In FY25, AVG Logistics reported a revenue of ₹551.52 Cr, EBITDA of ₹95.57 Cr, and PBT of ₹26.33 Cr. The company operates a fleet of over 3000 hired and owned vehicles and provides 24x7 integrated logistics services across India. This new long-term contract is expected to improve fleet utilization and provide greater revenue visibility over the medium term.

AVG Logistics finalised the allotment of 36,50,356 fully paid-up equity shares at a price of ₹145 per share, including a premium of ₹135. The rights issue, which opened for subscription on June 1, 2026, and closed on June 9, 2026, was subscribed 122.14%. The newly allotted shares are expected to commence trading on the BSE and NSE on June 12, 2026.

The Rights Issue Committee approved the allotment on June 10, 2026. The basis of allotment was finalised in consultation with MUFG Intime India Private Limited, the Registrar to the Issue, and BSE Limited. The issue was conducted pursuant to the terms outlined in the Letter of Offer dated May 18, 2026.

Subscription Details

The company received 686 valid applications for 44,58,540 rights equity shares. Out of the total 771 applications received for 44,66,528 shares, 85 applications for 7,988 shares were rejected due to technical reasons. All valid applications were considered for allotment, and no shares were kept in abeyance.

Capital Structure Changes

The allotment has altered the company's share capital structure. The paid-up equity share capital has increased to ₹18,70,80,760 following the issuance.

The issuance complies with the Companies Act, 2013, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Sanjay Gupta, Managing Director of AVG Logistics Limited, signed the regulatory intimation.