AVG Logistics to Raise ₹53 Crore Via Rights Issue

AVG Logistics Ltd. announced on April 28, 2026, that its Board of Directors has approved a rights issue designed to raise up to ₹53 crore. The company reported approximately ₹650 crore in revenue and ₹25 crore in net profit for fiscal year 2025.

Capital Infusion for Growth

This strategic capital infusion is intended to strengthen the company's financial position and fund ongoing expansion projects. The raised capital is expected to bolster AVG Logistics' balance sheet, potentially reduce debt, and enhance its operational capabilities to support future growth.

Business Overview

As a third-party logistics (3PL) provider, AVG Logistics offers services including contract logistics, freight forwarding, and transportation. The company has been expanding its warehousing and fleet capacity to meet anticipated demand for integrated logistics solutions.

Shareholder Rights and Oversight

Existing shareholders will have the opportunity to subscribe to new shares through this rights issue. A dedicated Rights Issue Committee has been formed to manage the specific terms, including the issue price and the final size of the offering.

Key Considerations and Approvals

The total amount raised could be less than the ₹53 crore target, depending on subscription rates. The rights issue also requires securing all necessary regulatory and statutory approvals.

Competitive Landscape

AVG Logistics competes in the Indian logistics market against established companies like Transport Corporation of India Ltd. and Mahindra Logistics Ltd., which leverage their extensive networks and technology.

What to Watch Next

Investors will be watching for the announcement of the record date, the final issue price and size, and the receipt of regulatory approvals. Subscription levels during the offering will also provide insight into investor sentiment.