AVG Logistics Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
AVG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
AVG Logistics Limited has received shareholder approval through postal ballot to increase its authorised share capital from Rs. 17 crore (1.70 crore equity shares of Rs. 10 each) to Rs. 21 crore (2.10 crore equity shares of Rs. 10 each), creating an additional 40 lakh equity shares. The resolution was passed with overwhelming support, with 99.999% of votes cast in favour (96,02,866 votes) and only 52 votes against, out of 9,60,2918 total valid votes polled. The company stated the increase is needed to support business expansion and facilitate future fund-raising activities. The voting was conducted via remote e-voting between March 6 and April 4, 2026, with 10,221 shareholders on record as of February 27, 2026.
This is a routine capital structure housekeeping move that does not dilute current shareholders but gives the company headroom to raise additional equity in the future. The near-unanimous approval signals strong shareholder support for potential future fundraising, which could lead to equity issuance or preferential allotments down the line.