17th Annual Report of AVG Logistics Limited

September 01, 2026 National Stock Exchange of India BSE Limited Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, G Block, Dalal Street, Bandra-Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 543910 Symbol: AVG Dear Sir/Madam, Sub: Annual Report for the Financial Year 2025-2026 Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith a copy of Annual Report of the Company for the financial year 2025-26. The copy of Annual Report for the financial year 2025-26 is also being posted on the website of the Company i.e. www.avglogistics.com. You are requested to take the above information on records Thanking You Yours faithfully, For AVG LOGISTICS LIMITED SANJAY GUPTA MANAGING DIRECTOR DIN: 00527801 As economies become increasingly interconnected and supply chains more sophisticated, logistics has become the foundation that keeps industries connected, businesses competitive and markets accessible. Today, every shipment represents more than a destination reached; it reflects the efficiency of the network, the intelligence of the systems that guide it and the responsibility with which it is delivered. As expectations evolve, the industry is redefining success through solutions that balance operational excellence with environmental consciousness, creating supply chains that are resilient, agile and prepared for the future. ENABLING THE FUTURE OF Modern supply chains require seamless Every investment in infrastructure, technology integration across transportation modes, digital and operational capability is driven by a clear platforms that provide real-time visibility and purpose—to help customers navigate increasing data-driven intelligence that enables faster, complexity with greater visibility and confidence more informed decisions. At the same time, while supporting more responsible freight cleaner mobility, resource-efficient operations movement across industries. and multimodal connectivity are becoming As India accelerates towards becoming a global essential to reduce environmental impact while manufacturing and economic powerhouse, the enhancing reliability and performance. Together, role of logistics will become increasingly central these capabilities are shaping a logistics to sustaining this momentum. We aim to advance landscape where innovation and responsibility this transformation by delivering solutions that advance hand in hand. combine innovation with operational excellence, At AVG Logistics, these changing dynamics are scale with precision and business performance shaping the way we invest, innovate and expand. with environmental responsibility. Through this By integrating multimodal transportation, approach, we are helping shape a logistics specialised logistics capabilities and lower- ecosystem where every journey creates value, emission transportation solutions, we are creating every innovation reduces impact and every a connected logistics network that delivers solution contributes to a more resilient, connected seamless, end-to-end supply chain solutions. and responsible future. Our Services Consolidating Next-gen Solutions Message from Chairperson Strategising Sustainable Momentum, Harnessing Excellence GOVERNANCE 43 Management Discussion and Analysis 53 Directors’ Report Contents 67 Corporate Governance Report FINANCIAL STATEMENTS 99 Standalone: Independent Auditors’ Report 110 Standalone: Balance Sheet & Profit and Loss CORPORATE OVERVIEW 115 Standalone: Notes Pg. 04 About Us 162 Consolidated: Independent Auditors’ Report 06 06 Message from MD & CEO 170 Consolidated: Balance Sheet & Profit and Loss Message from 10 Message from the Chairperson 175 Consolidated: Notes MD & CEO 12 Performance Highlights 222 Notice At the Helm of Our 14 Our Services Long-standing Trust 20 Key Milestones 22 How We Deliver Value 24 Geographical Footprint How We Deliver Value To know more about the company 22 Scan the QR Code to Fostering Consistent Outcomes, please log on to 26 Operational Rail Routes view the report online Innovating Clean Transit https://avglogistics.com 28 Business Model 29 Our Strategy 30 Digital Supply Chain Forward-looking statements 32 Environmental Aspect Some information in this report may contain forward-looking statements which include statements regarding Company’s expected financial position and results of operations, business plans and prospects etc. and are generally identified by forward-looking words such as “believe,” “plan,” “anticipate,” 34 Social Aspect “continue,” “estimate,” “expect,” “may,” “will” or other similar words. Forward-looking statements are dependent on assumptions or basis underlying such 36 Governance Aspect statements. We have chosen these assumptions or basis in good faith, and we believe that they are reasonable in all material respects. However, we caution that actual results, performances or achievements could differ materially from those expressed or implied in such forward-looking statements. We 38 Board of Directors undertake no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. 40 Management Team AVG Logistics Ltd Corporate Overview Statutory Reports Financial Statements Annual Report 2025-26 About Us Envisioning a Sustainable India, Financial Snapshot Mission Pioneering New Frontiers 582.48 Cr To build strategic partnerships Total Income AVG Logistics Limited has emerged as a multi-modal logistics solutions provider, with customers to enable them to specialising in integrated services in the segments ranging from transportation achieve their supply chain goals. J 112.45 Cr including Cold Chain Logistics, Industrial Liquid Logistics and Third-party To offer an integrated Multimodal network of Logistics EBITDA Logistics (3PL), Warehousing, Distribution, and Supply chain management solutions across varied industries. solutions. We deliver a diverse service portfolio that integrates sectors of road, J 26.17 Cr rail, cold chain, warehousing and value-added logistics solutions, thereby, ensuring the customers with end-to-end supply chain capacity at a one-stop PAT platform. Core Capabilities We have extended our footprints across India through investments in 850+ multimodal transportation, cold chain logistics, warehousing and specialised logistics services, that widens our Owned Vehicles (Reefer and Dry) intersectoral proficiency. Our operations are optimised by a technology-enabled fleet, robust Branch Network warehousing infrastructure and an integrated logistics network that facilitate transit efficiency nationwide. Implementing rail logistics, liquid logistics, parcel express and Active Rail Routes differentiated transportation solutions, alongside acquiring Kaizen Logistics, has further been instrumental in our 1 40 to Tons portfolio expansion that addresses the evolving customer base. Carrying Capacity Today, we stand empowered to serve our 1000+ customers with a pan-India logistics ecosystem, pairing Network Presence operational expertise with innovative solutions to deliver reliable and 19,000+ integrated logistics services. Pin Codes Covered 3,000+ Partner Vehicles 04 05 AVG Logistics Ltd Corporate Overview Statutory Reports Financial Statements Annual Report 2025-26 Message from MD & CEO Dear Shareholders, At the Helm of Our It gives me immense pleasure to present the Annual Report of AVG Logistics Long-standing Trust Limited for the financial year 2025–26, a year that reflects not only our progress India’s logistics sector is becoming more organised, as a business but also the trust our sustainable and technology-driven. Growth in customers, shareholders, employees, and partners continue to place in us. manufacturing, e-commerce and cold chain logistics, along with higher industrial capex, is increasing At AVG Logistics, our vision has always been to be more t [Showing first 8,000 characters — download PDF for full document]