AVG Logistics Shareholders Approve Authorized Capital Increase to Rs. 21 Crore

AVG Logistics Limited has successfully concluded its postal ballot process with shareholders providing overwhelming approval for increasing the company's authorized share capital from Rs. 17 crore to Rs. 21 crore. The resolution was passed on April 04, 2026, following a comprehensive e-voting process that demonstrated strong shareholder confidence in the company's growth plans.

Voting Results and Shareholder Participation

The postal ballot witnessed significant participation from shareholders across all categories. The voting results demonstrated exceptional support for the proposed capital increase:

Category	Shares Held	Votes Polled	Votes in Favor	Votes Against	% in Favor
Promoter and Promoter Group	7,710,289	7,699,200	7,699,200	0	100.00%
Public-Institutions	1,522,475	1,454,411	1,454,411	0	100.00%
Public-Non Institutions	5,824,956	449,307	449,255	52	99.99%
Total	15,057,720	9,602,918	9,602,866	52	99.999%

The resolution achieved remarkable consensus with 9,602,866 votes cast in favor, representing 99.999% of total votes polled, while only 52 votes were registered against the proposal.

Capital Structure Enhancement Details

The approved resolution authorizes the increase of authorized share capital through the following structure:

Parameter	Current Structure	Proposed Structure
Authorized Capital	Rs. 17,00,00,000	Rs. 21,00,00,000
Number of Shares	1,70,00,000	2,10,00,000
Face Value per Share	Rs. 10	Rs. 10
Additional Shares Created	-	40,00,000

The capital increase involves creation of additional 40 lakh equity shares of Rs. 10 each, all ranking pari-passu with existing equity shares of the company.

E-Voting Process and Timeline

The postal ballot was conducted entirely through electronic voting, utilizing the platform provided by MUFG Intime India Private Limited (Instavote). The voting process followed a structured timeline:

Record Date: February 27, 2026
Notice Dispatch: March 05, 2026
Voting Period: March 06, 2026 (9:00 AM) to April 04, 2026 (5:00 PM)
Results Declaration: April 04, 2026

Pradeep Kumar Chauhan of Chauhan Pradeep and Associates served as the scrutinizer for the postal ballot process, ensuring compliance with applicable regulations under the Companies Act, 2013.

Strategic Rationale and Future Plans

According to the explanatory statement, the company justified the capital increase citing proposed expansion of business operations and future fund-raising requirements. The board considered the existing authorized share capital of Rs. 17 crore inadequate for facilitating potential issuance of further equity shares to support growth initiatives.

The resolution provides the company with enhanced financial flexibility to pursue strategic opportunities and meet working capital requirements as it expands its logistics operations. The board recommended the proposal as being in the best interests of the company and its stakeholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-12.69%	-19.83%	-13.85%	-43.78%	-49.42%	-28.03%

AVG Logistics Limited has announced a scheduled board meeting to consider significant fund raising proposals, marking a potential milestone in the company's capital expansion strategy.

Board Meeting Details

The company has formally notified stock exchanges that its Board of Directors will convene on Monday, April 06, 2026. This intimation has been issued pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring compliance with regulatory disclosure requirements.

Meeting Details:	Information
Date:	Monday, April 06, 2026
Purpose:	Fund raising proposal consideration
Regulatory Compliance:	SEBI Regulation 29
Notification Date:	March 28, 2026

Fund Raising Proposal Scope

The board meeting agenda encompasses comprehensive fund raising options designed to provide the company with multiple avenues for capital mobilization. The directors will deliberate on proposals for raising funds through various financial instruments and methodologies.

The proposed fund raising mechanisms include:

Issue of equity shares
Convertible warrants
Other securities as permitted under applicable laws
Rights issues to existing shareholders
Preferential issues to select investors
Private placements
Combination of multiple methods

Regulatory Framework and Approvals

All fund raising proposals under consideration will be subject to necessary regulatory and statutory approvals. The company has emphasized that any decisions made during the board meeting will require appropriate clearances as deemed necessary by the organization and mandated by applicable laws.

The intimation has been simultaneously uploaded on the company's official website at www.avglogistics.com , ensuring transparent communication with stakeholders and maintaining compliance with disclosure obligations.