AVG Logistics Limited — Important, 07-01-2025: Disclosure of material issue

The company has allotted 1,95,000 equity shares to a promoter category allotee following the conversion of 1,95,000 convertible warrants. The total amount received for this conversion is Rs. 3.25 crore at a conversion price of Rs. 166.95 per warrant. This allotment increases the paid-up equity share capital from Rs. 14.86 crore to Rs. 15.05 crore, comprising a total of 1,50,57,720 equity shares. The conversion signifies a strategic move that enhances the equity base, potentially providing more operational flexibility and strengthening the promoter’s position in the company. This could be viewed as a positive development, reflecting the promoter's confidence in the company's future. Investors should watch this space for further implications on share performance and company growth.