AVG Logistics Ltd

Meeting Details

• Date and time: August 26, 2026 at 12:00 PM
• Type/mode: group virtual conference call
• Organizer: Kirin Advisors; Analyst/Investor conference call
• Purpose: discuss Q1 FY 2026-27 results and address queries

Participants

• Management speakers: MD & CEO; CFO

Additional Notes

• Open to public investors; universal dial-in details provided

Dividend record date and AGM closure

• Dividend: Rs 1.2 per equity share for FY2025-26.
• Security: equity shares.
• Record date for dividend eligibility: 18 September 2026.
• Subject to shareholders' approval at the 17th AGM.
• Register of Members and transfer books closed: 19–25 September 2026.

Dividend details

• Final dividend of ₹1.20 per equity share proposed, subject to AGM approval.
• Financial year for dividend: FY ended March 31, 2026.
• Face value of equity share: ₹10.
• Record date and book closure details to be intimated later.
• AGM date for approval: Sept 25, 2026.

Financial results

• Unaudited standalone and consolidated quarterly results for June 30, 2026 approved with limited review.
• Results cover quarter ended June 30, 2026; Limited review report issued.

Dividend and AGM

• Final dividend recommended of Re. 1.2 per equity share for FY2025-26; subject to AGM approval.
• AGM scheduled for Sept 25, 2026 at 10:30 AM; notice issued.
• Scrutinizer appointed for AGM votes: Chauhan Pradeep & Associates.

Management and governance

• Re-appointment of AVVS and Co. LLP as Internal Auditor for FY 2026-27.
• Continuation of Susheel Tyagi as Independent Director beyond age 75; subject to AGM approval.
• Sumit Garg appointed as Whole-Time Director for 5 years from Aug 14, 2026; subject to AGM approvals.

Capital and ESOP

• Authorized share capital increased from Rs 21 crore to Rs 25 crore (2.5 crore shares).
• AVG Logistics Employees Stock Option Scheme 2026 approved; 9,50,000 options.
• Options pool 9,50,000; exercisable into 9,50,000 shares; vesting rules as disclosed.

Rights issue and use of proceeds

• Rights issue opened Jun 1-9, 2026; 3,650,356 shares allotted; paid-up capital rose to Rs 1,870.81 lakh.
• Utilisation of proceeds: working capital 2,918.29; general corporate 678.89; unutilised 1,606.77; total 5,203.95.

Subsidiaries and auditor notes

• Consolidated results include Galaxy Packers & Movers Private Limited (100%) and Kaizen Logistics (59%).
• Independent auditor reviews found no material misstatement; two subsidiaries not audited.

Other material items

• Gain of Rs 2,119.41 lakhs from termination of Indian Railways lease disclosed separately.

Filing Status

• No deviation or variation reported for quarter ended 30 June 2026 under Reg 32.

Issue Overview

• Rights issue of Equity Shares; total size disclosed; no revision.
• Objects include working capital, general corporate purposes, issue expenses, and board-approved other purposes.
• GCP scope includes investments in subsidiaries/joint ventures, growth opportunities, and ordinary course expenses.
• No material deviation from the offer objects; deviation range not applicable.

Utilisation of Proceeds

• Utilisation as disclosed in the offer document: as per the stated objectives.
• No material deviations; no changes in allocation.
• Working capital: 29.44 utilised; 10.56 unutilised; ongoing.
• General Corporate Purposes: 6.79 utilised; 5.04 unutilised; ongoing.
• Issue Expenses: 0.64 utilised; 0.46 unutilised; ongoing.
• Unutilised funds parked in fixed deposits and a monitoring account with ICICI Bank.
• Delay in implementation: ongoing; no delay reported.
• Means of finance unchanged; no reallocation among objects.

Governance and Compliance

• All statutory approvals related to the objects have been obtained.
• Shareholder approvals not applicable for deviations.
• No material unfavourable events reported; no significant risks identified.
• Comments of Board not included in MA's review.
• No conflicts of interest; MA declares independence.

General Corporate Purpose (GCP)

• GCP objective: general corporate purposes.
• GCP utilisation: ₹6.79 crore as of 30 June 2026.
• Board approval for GCP allocation not stated.
• GCP cap: up to 25% of gross proceeds.

Contract details

• Awarding entity: a renowned cement manufacturer in India.
• Nature and scope: deploy 30 heavy-duty EV trucks for inbound/outbound logistics of raw materials and finished goods.
• Contract size: approximately ₹18 crore per annum.
• Tenure: 5-year term, extendable by up to 3 years.
• Domestic: awarded to a domestic entity in India.
• Significant terms: on-site EV charging, GPS monitoring, digital tracking.
• Related party: no promoter/group interest; arms-length transaction.
• Expected impact: recurring revenue and margin improvement.

Meeting reschedule details

• Board meeting rescheduled from Aug 12, 2026 to Aug 14, 2026.
• Agenda to approve unaudited Q1 2026 results and consider final dividend.
• Original date was Aug 12, 2026.
• Trading window remains closed until 48 hours after results declaration.
• All other details remain unchanged from prior intimation.

Meeting Details

• Date: August 12, 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Consider final dividend for FY2025-26, if any.

Other Notes

• Trading window to remain closed until 48 hours after declaration of unaudited results.