AVG Logistics Approves Re-appointment of Auditors, Increases Authorized Share Capital; Announces New Director Appointment

AVG Logistics Approves Re-appointment of Auditors, Increases Authorized Share Capital; Announces New Director Appointment​

AVG Logistics Limited announced several key outcomes following its Board meeting held on August 14, 2026. The decisions included the approval of the company's financial results for the quarter ended June 30, 2026, a recommendation for a final dividend, and significant changes to the company’s governance structure, including an increase in Authorized Share Capital and key director appointments.

The Board reviewed and approved the un-audited consolidated and standalone Financial Results for the quarter ending June 30, 2026. The board members also approved the re-appointment of M/s AVVS and Co. LLP, Chartered Accountants, as Internal Auditor for the financial year 2026–27.

Dividend Recommendation and Capital Restructuring​

A notable decision made by the Board was the recommendation of a Final Dividend amounting to Re. 1.2/- per equity share for the financial year ended March 31, 2026. The payment of this dividend is subject to approval by the Shareholders at the ensuing Annual General Meeting (AGM).

In a move related to future operational needs and potential growth opportunities, the Board considered and approved an increase in the company’s Authorized Share Capital. The capital was increased from Rs. 21 Crore to Rs. 25 Crore, which involves the creation of an additional 40 Lakh Equity Shares, each having a face value of Rs. 10/-.

Governance Changes and Director Appointments​

The Board addressed several matters concerning directorship and corporate structure:

• New Appointment: M/s Sumit Garg was appointed as an additional Director of the Company and designated as Whole-Time Director for a period of five years, effective from August 14, 2026.
• Director Continuation: The Board also approved the continuation of Mr. Susheel Kumar Tyagi as an Independent Director post the age of 75 years, subject to requisite approval at the ensuing AGM.

Employee Stock Option Scheme and Financial Highlights​

The company approved the AVG Logistics Employees Stock Option Scheme - 2026, which sets aside a pool of 9,50,000 Options for identified employees. The scheme allows these options to be converted into 9,50,000 Equity Shares, each having a face value of Rs. 10/-. The scheme shall be implemented through the direct route by fresh allotment from the company.

The Board meeting also included several related operational and financial outcomes:

Financial Results Summary (Quarter Ended June 30, 2026):


Right Issue Details:

The company had previously undertaken a Rights Issue during the quarter, issuing equity shares at an issue price of INR 145 per share, which aggregated to INR 5,293.01 lakhs. The utilization details for this right issue proceeds were as follows:


The consolidated financial results for the quarter were reviewed by MSKA & Associates LLP and the standalone results were reviewed as well, with no material misstatements being noted in either set of statements.

AVG Stock Price Movement​

Shares of AVG Logistics Limited today slipped by 1.11% as it settled at ₹205 in post-market trading. The movement occurred within the day's range, which spanned from a low of ₹200.1 to a high of ₹210.