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AVG Logistics confirms no deviation in Rs 529301620 rights issue fund utilisation
13-Nov-2026, 09:20
AVG Logistics Limited informed the National Stock Exchange of India Limited and BSE Limited that there was no deviation or variation in the utilisation of funds raised through a rights issue of Rs 529301620, as per a filing on November 13, 2026, for the quarter ended September 30, 2026; the rights issue was conducted on June 10, 2026, and monitored by Brickwork Ratings India Private Limited, with Rs 1060 lakhs utilised for working capital requirements and Rs 504 lakhs for general corporate purposes, and excess expenditure of approximately Rs 4 lakhs was utilised against interest earned on fixed deposits.