AVG Logistics Limited has informed the Exchange regarding Outcome of Board Meeting held on April 28, 2026.
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AVG Logistics Limited's Board of Directors has approved a proposal to raise funds of up to ₹5,300 lakhs (approximately ₹53 crore) through a rights issue of equity shares with face value of ₹10 each. The rights issue will be offered to eligible equity shareholders as on a record date which is yet to be notified. The board has constituted a Rights Issue Committee to finalize terms including issue price, rights entitlement ratio, and timing. The Draft Letter of Offer has been approved, and the issue is subject to regulatory and statutory approvals.
Existing shareholders will face dilution unless they participate in the rights issue. The successful capital raise could support business growth or strengthen the balance sheet, depending on how the funds are utilized.