VRL Logistics board to fulfill on July 4 to contemplate bonus share concern

The board of administrators of VRL Logistics is about to fulfill on Friday, July 4, in an effort to contemplate the difficulty of bonus shares for its shareholders, who can be eligible as on the file date, which can be declared later.

“In accordance with the extant provisions of Laws 29 of the SEBI (LODR) Laws, 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 contemplate and suggest to the shareholders, for his or her approval, the capitalization of reserves & retained earnings for issuance of Bonus shares,” mentioned 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 concern within the historical past of VRL Logistics, in keeping with the Trendlyne information.

A bonus share concern is when an organization provides extra shares to its present shareholders free of charge, in proportion to the variety of shares they already maintain. It’s often finished to reward shareholders and is issued from the corporate’s amassed reserves.

For instance, in a 1:1 bonus concern, a shareholder receives one additional 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 buyers 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%. Nonetheless, over the previous one month, the acquire 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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