AVG Logistics Limited — Important, 15-12-2024: General Updates

The company has allotted 1,40,000 equity shares at a face value of Rs. 10 each upon the conversion of an equal number of convertible warrants. This transaction involved a cash consideration of Rs. 2.34 crore, at a conversion price of Rs. 166.95 per warrant. As a result, the paid-up equity share capital will increase from Rs. 14.72 crore to Rs. 14.86 crore. The change will reflect the full conversion of the warrants and strengthen the shareholding structure. Investors should view this as a positive signal of management confidence, and the increase in capital base may support future growth initiatives.