The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on July ....
AVG · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.8 pts less than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Asha Gupta has pledged 29,10,000 equity shares (19.33% of total share capital) of AVG Logistics Limited on July 22, 2025. The pledge is in favor of Shine Star Build Cap Pvt Ltd, taken as collateral against a proposed Rs. 20 crore term loan to the company. Asha Gupta holds 29,10,000 shares total (36.41% of share capital), meaning the encumbered shares amount to 36.81% of her promoter holding. The loan proceeds will be used for the company's working capital and capex requirements, with repayment scheduled within 15 months. The security cover ratio is 4.15 times — shares valued at Rs. 82.91 crore against the Rs. 20 crore loan.
This is a pledge creation (not invocation or release), and the encumbrance covers 36.81% of promoter holdings — below the 50% threshold. Shareholders should note the promoter is pledging personal shares to back company borrowing, which signals skin-in-the-game support but also introduces pledged-share risk if the company faces stress.