StockWatch
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Logistics Solution Provider
Corporate Governance14 Aug 2026, 10:01 pm

AVG Logistics Reports No Deviation in Fund Utilization for Q2 FY27

AI Summary

AVG Logistics Ltd has submitted its Statement of Deviation or Variation Report for the quarter ended June 30, 2026. The report, filed pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms 'NO Deviation' in the utilization of funds raised through a Rights Issue amounting to ₹52,93,01,620. The funds were allocated for Working Capital Requirements and General Corporate Purposes. The company also noted that ₹109.63 lakhs were utilized towards issue-related expenses. Brickwork Ratings India Private Limited is the monitoring agency.

Key Highlights

  • No deviation reported in the utilization of funds from Rights Issue.
  • Funds were used for Working Capital and General Corporate Purposes.
  • Issue-related expenses accounted for ₹109.63 lakhs.
  • Monitoring agency is Brickwork Ratings India Private Limited.
  • Report covers the quarter ended June 30, 2026.