AVG Logistics Limited has informed the Exchange regarding Outcome of Board Meeting held on March 02, 2026.
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The Board of Directors of AVG Logistics Limited, at its meeting on March 02, 2026, approved an increase in the Authorised Share Capital of the company to Rs. 21 crore, divided into 2.10 crore equity shares of Rs. 10 each. The Board also approved a Postal Ballot notice to seek shareholder approval for this capital increase. Additionally, M/s Chauhan Pradeep and Associates was appointed as the Scrutinizer to oversee the postal ballot process. The amended capital clause in the Memorandum of Association reflects the new authorised capital structure, subject to necessary regulatory and shareholder approvals.
This is an administrative step to expand the company's authorised share capital, which provides room for future fundraising, bonus issues, or stock splits — but no immediate action for shareholders. The outcome of the postal ballot will determine whether the increase is approved.