AVG Logistics Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
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AVG Logistics held its 16th AGM on September 30, 2025, in Delhi, lasting 40 minutes (10:00 AM to 10:40 AM), with 59 shareholders including promoters in attendance. Key business items included adoption of FY25 audited financial statements, declaration of a final dividend of Rs. 1.2 per equity share (face value Rs. 10), and re-appointment of Mr. Apurva Chamaria as director. Shareholders also approved raising the company's borrowing limit from Rs. 300 crore to Rs. 600 crore and authorized up to Rs. 50 crore for investments, guarantees, security, or inter-corporate loans, both as special resolutions. M/s. K Vivek & Co. was appointed as Secretarial Auditor for 5 years, and the remuneration of statutory auditor M/s MSKA and Associates was fixed. E-voting ran from September 27 to September 29, 2025, and detailed voting results along with the scrutinizer's report will be filed separately.
The doubling of the borrowing limit to Rs. 600 crore signals possible expansion plans or higher debt usage ahead, which shareholders should watch for. The modest Rs. 1.2 per share dividend offers some income return, while director re-appointments and new auditor changes are routine governance items. The stock may react once the actual voting outcome numbers are disclosed.