AVG Logistics Ltd

🚚 AVG Logistics Forms 50/50 Joint Venture 'Carbonlite Logistics'

• AVG Logistics Limited has formed a joint venture named 'Carbonlite Logistics Private Limited' with Baidyanath LNG Private Limited

• This is a related party transaction between the two companies

• Each partner holds an equal 50% stake in the joint venture

• Both companies subscribed to shares using cash investments

• The joint venture has authorized capital of ₹10 lakhs and paid-up capital of ₹10 lakhs

• Business focus remains in logistics, aligning with AVG Logistics' core operations

• The venture follows up on a previous announcement from December 25, 2025