AVG Logistics Limited has informed the Exchange about Copy of Newspaper Publication in compliance under regulation 84 of SEBI (ICDR) Regulations 2018
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AVG Logistics Limited has published a newspaper advertisement informing shareholders about an upcoming Rights Issue. The company is offering up to Rs 5,293.02 Lakhs worth of equity shares at Rs 135 per share (including share premium). The issue is structured in a ratio of 8 rights equity shares for every 33 fully paid-up equity shares held. The issue opens on June 1, 2026, closes on June 9, 2026, with last date for renunciation on June 4, 2026. Promoters Asha Gupta, Sanjay Gupta, and Nitin Gupta have rights entitlements listed, indicating their participation in the issue. The company has engaged ICICI Bank as the banker to the issue.
This rights issue will dilute existing shareholder equity but provides an opportunity for shareholders to maintain their stake at a discounted price. Promoter participation signals confidence in the company's prospects. The capital raised may be used for business expansion or debt reduction.