AVG Logistics Limited has announced a significant fund-raising initiative through a rights issue. The Board of Directors, in a meeting held on April 28, 2026, approved the proposal to raise up to ₹5,300 lakhs (₹53 Crores) by issuing fully paid-up equity shares with a face value of ₹10 each. This capital raise is intended for eligible equity shareholders as of a future record date, which is yet to be determined.

Further details from the notice indicate that the Board has established a dedicated Rights Issue Committee. This committee is authorized to finalize critical terms such as the specific issue size, rights entitlement ratio, and the final issue price. Additionally, the Draft Letter of Offer for the issue has already received Board approval. This strategic move is part of the company’s broader effort to bolster its financial position for future growth and expansion in the logistics sector.

AVG Logistics Limited, established in 2010, is a prominent multi-modal logistics solutions provider in India. The company offers comprehensive supply chain services, including road and rail transportation, warehousing, and third-party logistics (3PL). In late 2025, the company achieved a major milestone by partnering with Maruti Suzuki India Limited for spare parts distribution across the country using its leased parcel cargo express trains. Additionally, the company has secured various strategic contracts, including a ₹90 Crore deal with a leading cement company and tenders with Indian Railways.

Regarding financial performance, for the full financial year 2025, the company reported an annual revenue of approximately ₹554 Crores and a profit after tax of ₹21.33 Crores. In more recent quarterly performance, for the third quarter of FY26 (ended December 2025), consolidated revenue stood at ₹134.08 Crores, showing a year-on-year decline of 5.87%. As of March 2026, the promoter holding stands at 51.20%, with 66.73% of that holding currently pledged. Notably, institutional investors such as Foreign Institutional Investors (FIIs) held 8.54% of the shares as of early 2026.