AVG Logistics Limited has informed the Exchange about Dispatch of issue material to the shareholders
AVG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AVG Logistics Limited has completed the dispatch of Letter of Offer, Application Form, and Rights Entitlement Letter for its Rights Issue of fully paid-up Equity Shares. The dispatch was completed on May 25, 2026, to eligible equity shareholders as per the record date of May 21, 2026. The Rights Issue had received in-principle approval from both BSE and NSE. This follows earlier approvals from the Rights Issue Committee and the Board of Directors regarding the terms of the issue. Shareholders can now apply for additional shares in proportion to their existing holdings.
Existing shareholders will have the opportunity to maintain their ownership percentage by subscribing to the Rights Issue. The company will receive fresh capital, which could strengthen its balance sheet or fund growth initiatives, though the specific use of proceeds is not disclosed in this filing.