AVG Logistics Limited has informed the Exchange regarding Outcome of Board Meeting held on April 28, 2026 for Fund Raising by way of Right Issue
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The Board of Directors of AVG Logistics Limited, at its meeting on April 28, 2026, approved a proposal to raise funds of up to ₹5,300 lakhs (around ₹53 crore) through a Rights Issue of fully paid-up equity shares of face value ₹10 each. The rights issue will be offered to eligible equity shareholders as on a record date that is yet to be notified. A Rights Issue Committee has been set up to finalise key terms such as issue size, entitlement ratio, issue price, record date, and allotment. The Board has also approved the Draft Letter of Offer, with final pricing and number of shares to be determined later.
Eligible shareholders will get the opportunity to subscribe to additional shares in proportion to their existing holdings, which could dilute their stake if they do not participate. The fresh capital infusion may support business growth or strengthen the company's balance sheet, though the specific end-use of funds has not been disclosed.