AVG Logistics Limited — Capital/Financing Update 2021

Feb 2, 2021

	Statement of Deviation /Variation in Utilization of Funds raised
Name of Listed	AVG Logistics Limited
Company
Mode of fund Raising	Public Issue and Preferential
	allotment
Date of Raising Funds	$10^{th}$ April, 2018, 29 th August, 2020
	Respectively
Amount Raised	33,06,30,000 and 6,50,00,000
Report Filed for the	Half yearly, 30 th , September, 2020
Quarter Ended
Monitoring Agency	N.A
Monitoring Agency	N.A
Name, If Applicable
Is there a Deviation/	No, there is No Deviation/ Variation in
Variation in use of	use of funds raised, The amount has
funds raised	been fully utilized for the objects for
	which funds have been raised.
If Yes, Whether the	N.A
same is pursuant tochange in terms of
contract or object,
which was approved
by the shareholder
If Yes, Date of	N.A
shareholder approval
Explanation for the	N.A
Deviation/Variation
Comments of the	Reviewed. No Comments
Audit Committee
after review
Comments of the
Auditors, if any
Object for which	Amount Raised by IPO: To meet the
funds have been	Working Capital requirement, setting-
raised and where there	up of warehouse facilities and General
has been a deviation,	Corporate Purpose and to meet issue
in the following table	related expenses.
	Amount Raised by way of Preferential
	allotment: Working Capital
	Requirement, Capital Expenditure, and
	General Corporate Purpose
	There is No Deviation/ Variation in
	utilization of funds raised
	Brief disclosure about the Fund
	Utilization is attached as Annexure-
	A

Regd. Office:25, DDA Market, Savita Vihar, Delhi-110092 Ph.: 8527494071

AVG LOGISTICS LIMITED CIN No.: L60200DL2010PLC198327 E-mail: info@avglogistics.comWebsite: avglogistics.com

Corporate Office: 102, Ist Floor, Jhilmil Metro Station Complex, Delhi-110095 Ph.: 8527291062 +91-11-22124356

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Original Object	ModifiedObject,If any	OriginalAllocation	Modifiedallocation, ifany	FundsUtilized	Amount ofDeviation/Variationfor thequarteraccording	Remarks ifany
					to theapplicableobject
	N.A

Deviation or variation could mean:

a) Deviation in the objects or purpose for which the funds have been raised or

b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

c) change in terms of contract referred to in the funds raising documents i.e prospectus, letter of offer, etc.

For AVG Logistics Limited

$\alpha$

Sanjay Gupta Managing Director DIN: 00527801

Regd. Office: 25, DDA Market, Savita Vihar, Delhi-110092 Ph.: 8527494071

AVG LOGISTICS L ED

CIN No.: L60200DL2010PLC198327 E-mail: info@avglogistics.com Website: avglogistics.com

Corporate Office: 102, Ist Floor, Jhilmil Metro Station Complex, Delhi-110095 Ph.: 8527291062 +91-11-22124356

Annexure-A

Brief Disclosure about the Fund Utilization

Particulars	The Proposed Amount	Actual Amount
Setting-up Warehousingfacilities at Agartala,Tripura and Mysore(Mysuru), Karnataka	12,00,00,000	24, 33, 23, 384. 3
Working CapitalRequirement	12,39,00,000.00	12,39,00,000
General CorporatePurpose	5,20,00,000	5,20,00,000
To meet Issue relatedExpenses	3,47,00,000	3,51,78,000
Total	33,06,00,000	45,44,01,384.30

Amount Raised by IPO (Initial Public Offer)

The Amount Raised by way for Preferential Allotment is Rs. 6 50,00,000(Six Crores Fifty Lakhs)

Particulars	Preferential amountUtiliesed
Working CapitalRequirement	1,59,64,883
Capital Expenditure	6,55,4220
General CorporatePurpose	4,24,91,822
Total	6,50,10,925

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Regd. Office: 25, DDA Market, Savita Vihar, Delhi-110092 Ph.: 8527494071

AVG LOGISTICS LIMITED

CIN No.: L60200DL2010PLC198327 E-mail: info@avglogistics.com Website: avglogistics.com

Corporate Office: 102, Ist Floor, Jhilmil Metro Station Complex, Delhi-110095 Ph.: 8527291062 +91-11-22124356