AVG Logistics Director Boosts Stake, Company Faces SEBI Fine
Non-Executive Director Apurva Chamaria acquired 15,000 shares of AVG Logistics at Rs. 247.40 per share. SEBI imposed a Rs. 100,000 fine on Compliance Officer Mukesh Nagar for non-compliance with insider trading regulations. The company announced a board meeting on August 14 to approve Q1 financial results.

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AVG Logistics , a prominent player in the logistics sector, has recently made headlines with insider trading activity and regulatory developments.
Director's Share Purchase
Non-Executive Director Apurva Chamaria has significantly increased his stake in AVG Logistics. Between August 6 and August 8, Chamaria acquired 15,000 equity shares at an average price of Rs. 247.40 per share. This transaction, totaling approximately Rs. 37.11 lakh, was executed in accordance with a Trading Plan submitted by Chamaria on March 18.
The company disclosed this information in compliance with Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The necessary disclosure in Form C is expected to be filed as per applicable regulations.
SEBI Fine on Compliance Officer
In a separate development, AVG Logistics informed the stock exchanges that the Securities and Exchange Board of India (SEBI) has imposed a fine of Rs. 100,000 on the company's Compliance Officer, Mr. Mukesh Nagar. The penalty was levied for non-compliance with Section 9 of SEBI (Prohibition of Insider Trading) Regulation, 2015.
The fine stems from an unintentional contra trade made by erstwhile Non-Executive Director Mr. Ankit Jain. AVG Logistics stated that this penalty would have no significant bearing on the company's business operations.
Upcoming Board Meeting
AVG Logistics has also announced a scheduled board meeting for August 14. The board will consider and approve the unaudited Standalone and Consolidated Financial Results for the quarter ended June 30. In line with SEBI regulations, the trading window for insiders will remain closed until 48 hours after the declaration of these financial results.
These developments underscore the importance of regulatory compliance and transparent corporate governance in the Indian stock market. Investors and market watchers will likely keep a close eye on AVG Logistics' upcoming financial results and any further insider trading activities.
Historical Stock Returns for AVG Logistics
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+1.21% | -2.76% | +2.03% | -11.80% | -47.16% | +32.20% |