“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”) might be held on Friday July 4, 2025, inter alia, to think about and suggest to the shareholders, for his or her approval, the capitalization of reserves & retained income 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 challenge within the historical past of VRL Logistics, in keeping with the Trendlyne knowledge.
A bonus share challenge is when an organization offers further shares to its current shareholders totally free, in proportion to the variety of shares they already maintain. It’s normally accomplished to reward shareholders and is issued from the corporate’s accrued reserves.
For instance, in a 1:1 bonus challenge, 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 value 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 value 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.
(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Occasions)
