“In accordance with the extant provisions of Rules 29 of the SEBI (LODR) Rules, 2015 referred above, we hereby inform that, a gathering of the Board of Administrators of VRL Logistics Restricted (the “Firm”) can be held on Friday July 4, 2025, inter alia, to think about and advocate to the shareholders, for his or her approval, the capitalization of reserves & retained income for issuance of Bonus shares,” stated the corporate in a regulatory submitting.
No different particulars have been but disclosed by the corporate.
If permitted, this would be the first-ever bonus difficulty within the historical past of VRL Logistics, based on the Trendlyne knowledge.
A bonus share issue is when an organization offers extra shares to its present shareholders at no cost, in proportion to the variety of shares they already maintain. It’s normally carried out to reward shareholders and is issued from the corporate’s gathered reserves.
For instance, in a 1:1 bonus difficulty, a shareholder receives one further share for each one share held. Whereas the variety of shares will increase, the general worth of the funding stays the identical initially, because the share worth adjusts accordingly.Bonus points don’t contain any money outflow and are sometimes seen as an indication of the corporate’s confidence in its future efficiency.Additionally learn: Rs 1 lakh crore selloff tsunami threatens Nifty rally as promoters, strategic investors exit
VRL Logistics share worth historical past
Over the previous one yr, the shares of VRL Logistics have gained 1.98%. On a year-to-date (YTD) foundation, it’s up 12.42%, whereas the six-month return stands at 11.57%. Within the final three months, the inventory has delivered a robust return of 21.09%. Nevertheless, over the previous one month, the achieve has been marginal at simply 0.10%.
On Friday, VRL Logistics shares closed flat at Rs 573.10 on the BSE.
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