AVG Logistics Limited has informed the Exchange about appointment of Secretarial Auditor
AVG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
AVG Logistics announced the outcome of its board meeting held on August 14, 2025. The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) on both standalone and consolidated basis. Consolidated revenue from operations stood at Rs. 12,502.15 lakhs, down from Rs. 14,711.15 lakhs in the previous quarter, while profit for the period fell sharply to just Rs. 7.4 lakhs from Rs. 522.68 lakhs in Q4 FY25. The board also appointed M/s. K Vivek & Co. as the new Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30) and approved the 16th AGM notice for September 30, 2025.
The dramatic quarter-on-quarter drop in consolidated profit (from Rs. 522.68 lakhs to Rs. 7.4 lakhs) despite modest revenue decline is a concern that may draw investor attention. The appointment of a new Secretarial Auditor and AGM scheduling are routine corporate governance items with no material impact on share price.