AVG Logistics Limited — Others, 14-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

AVG Logistics Limited has confirmed that there is no deviation or variation in the use of proceeds from the preferential issue of convertible warrants, amounting to ₹4.59 crore, raised on September 21, 2024. This statement, reviewed by the Audit Committee, reassures stakeholders that funds were utilized as planned, primarily for warehouse acquisition and working capital.

This clarity can enhance investor confidence, suggesting a disciplined approach to fund management. Positive sentiment may arise as the company demonstrates adherence to its strategic objectives, reinforcing operational integrity and governance standards.