Monitoring Agency Report for Rights Issue for the Quarter Ended June 30, 2026

Dated: 14.08.2026 To, To, Department of Corporate Services, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, C-1, G-Block, Bandra-Kurla Complex Mumbai – 400 001 Bandra, (E), Mumbai – 400 051 BSE Scrip Code: 543910; NSE Symbol: AVG Dear Sir/Madam, Sub: Monitoring Agency Report for the quarter ended June 30, 2026 pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Pursuant to Regulation 32(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (SEBI Listing Regulations), please find the enclosed Monitoring Agency Report for the quarter ended June 30, 2026, issued by Brickwork Ratings India Private Limited, the Monitoring agency appointed to monitor the utilization of funds raised through Rights Issue. This is for your information and records. Thanking you Yours faithfully For AVG Logistics Limited Sanjay Gupta Managing Director DIN: 00527801 First Monitoring Agency Report for AVG Logistics Limited for the quarter ended June 30, 2026 BWR/2026-27/IPM/ALL/01 August 13, 2026 Mr. Rajesh Rohilla Chief Financial Officer AVG Logistics Limited Office No. 25, D.D.A Market, Savita Vihar, Delhi, 110092 Dear Sir, First Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Rights Issue of Equity Shares of AVG Logistics Limited (“the Company”) Pursuant to Regulation 82 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Brickwork Ratings (BWR) has prepared the First Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilisation of proceeds of funds raised, for the quarter ended June 30, 2026. The funds raised by the Company were through Rights Issue of Equity Shares aggregating to Rs.52.93 Crore. In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026, as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated April 28, 2026. Request you to kindly take the same on records. Thanking you, Yours Faithfully, Mr Niraj Kumar Rathi Senior Director, Ratings - Brickwork Ratings Report of the Monitoring Agency (MA) Name of the issuer: AVG Logistics Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Brickwork Ratings India Private Limited (a) Deviation from the objects: No (b) Range of Deviation: Not Applicable Declaration: We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, we further declare that this report provides a true and fair view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/directors/management and confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have a credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors after the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name of the Authorized Signatory: Mr Niraj Kumar Rathi Designation of Authorized Person/Signing Authority: Senior Director, Ratings - Brickwork Ratings 1) Issuer Details: Name of the issuer: AVG Logistics Limited Names of the promoter: Mr. Sanjay Gupta, Mrs. Asha Gupta and Mrs. Niti Gupta Industry / sector to which it belongs: Logistics 2) Issue Details: Issue period: June 01, 2026 to June 09, 2026 Type of issue (public/ Rightss): Rights Issue of Equity shares Type of specified securities: Equity Shares IPO Grading, if any: Not Applicable Issue size (in ₹ Crore): 52.93 Total Value as per Offer Amount Particulars Number of Price (₹) Document Received Securities (₹ Crore) (₹ Crore) Equity Shares- Rights Issue 36,50,356 145 52.93 52.93 Total 36,50,356 145 52.93 52.93 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / Comments Comments certifications of of Particulars Reply considered by Monitoring Board of Monitoring Agency Agency Directors for preparation of report Letter of Offer, Bank Whether all utilization is as per Statements, Invoices, the disclosures in the Offer Yes Company’s Nil Nil Document? Statement, CA Certificate. Whether shareholder approval has been obtained in case of Not Nil material deviations# from Nil Nil Applicable expenditures disclosed in the Offer Document? Whether the means of finance for the disclosed objects of the issue No Nil Nil has changed? Monitoring Is there any major deviation Not Nil being done Nil observed over the earlier Applicable for the first monitoring agency reports? time Whether all Government/statutory approvals Yes Company’s Statement Nil Nil related to the object(s) have been obtained? Whether all arrangements pertaining to technical Not Nil Nil Nil assistance/collaboration are in Applicable operation? Are there any favourable events improving the viability of these No Company’s Statement Nil Nil object(s)? Are there any unfavourable events affecting the viability of the No Company’s Statement Nil Nil object(s)? Is there any other relevant information that may materially No Not Applicable Nil Nil affect the decision making of the investors? Notes: The above information is verified through the Company’s Statement dated August 12, 2026. #Where material deviation may be defined to mean: (a) Deviation in the objects or purposes for which the funds have been raised (b) Deviation in the amount of funds utilised by more than 10% of the amount projected in the offer documents. 4) Details of object(s) to be monitored: i. Cost of object(s): Source of information / Original Comments of the Board of Directors certifications Comments Cost as per Revised Sr. considered by of the Item Head the Offer Cost No. Monitoring Monitoring Particulars of Document (₹ Crore) Reason Proposed Agency for Agency firm (₹ Crore) of cost financing preparation of arrangement revision option report made Letter of Offer, Augmenting the Bank working capital Statements, 1. 40.00 No Nil NA NA NA requirements of [Showing first 8,000 characters — download PDF for full document]