AVG Logistics Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2026.
AVG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AVG Logistics Limited's board has finalized the terms for a Rights Issue of up to 36,50,356 equity shares at ₹145 per share (face value ₹10 + premium ₹135), raising up to ₹5,293.02 lakhs (approximately ₹53 crore). Existing shareholders will receive 8 rights shares for every 33 shares held, based on the record date of May 21, 2026. The issue opens on June 1, 2026 and closes on June 9, 2026. Post-issue, total outstanding shares will increase from 1.51 crore to approximately 1.87 crore assuming full subscription.
This Rights Issue will dilute existing shareholders by about 24% if fully subscribed. The company receives capital, but existing shareholders who do not participate will see their ownership percentage reduced.