AVG Logistics Limited Approves Rights Issue to Raise Funds Up To ₹ 5,300 Lakhs
AVG Logistics Limited announced that its Board of Directors held a meeting on Tuesday, April 28, 2026, considering and approving a proposal to raise capital through a Rights Issue.The Board meeting, which began at 04:30 p.m. and concluded at 6:30 p.m., addressed the proposal for raising funds by issuing the company’s equity shares. The primary transaction involves a Rights Issue, offering equity shares of a face value of ₹10 each to eligible equity shareholders of the company.
The total amount sought through this Rights Issue does not exceed ₹ 5,300 lakhs. The terms and conditions of the issue, including the final issue size, rights entitlement ratio, issue price, record date, and allotment of shares, remain subject to the decision of the Board and the receipt of applicable statutory approvals.
In line with the proposed transaction, the Board also approved the Draft Letter of Offer. Furthermore, the Directors constituted a dedicated Rights Issue Committee. This committee has been authorized to determine the final terms and conditions of the Issue, covering various operational and financial details.
Key details regarding the proposed security issuance were noted as follows:
| Detail | Description |
|---|---|
| Type of Securities | Fully paid-up equity shares |
| Type of Issuance | Rights Issue to the eligible equity shareholders |
| Maximum Amount Proposed | Not exceeding ₹ 5,300 lakhs |
The outcome of the Board meeting detailed these significant corporate developments related to the company's capital structure.
AVG Stock Price Movement
Shares of AVG Logistics Limited settled today, slipping by 1.81% to close at ₹167.23. The stock traded on a total volume of 15,641 shares in post-market activity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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