AVG Logistics: No Deviation in Rights Issue Fund Utilization for Q2 FY27

AVG Logistics Limited has reported a Statement of Deviation and Variation for the quarter ended September 30, 2026. The company confirms there has been NO deviation or variation in the utilization of funds raised through its Rights Issue on June 10, 2026, amounting to ₹52,93,01,620 (₹52.93 Crore). The funds were allocated for Working Capital Requirement and General Corporate Purposes. The report indicates that the total funds raised have been utilized as of September 30, 2026, with a minor excess expenditure of approximately ₹4 lakhs utilized against interest earned on fixed deposits created from the issue proceeds. The monitoring agency for this issue is Brickwork Ratings India Private Limited.