Record date for the said bonus issue will be intimated separately, the company said in an exchange filing.
As per data available on the BSE, this will be the first instance of the company issuing bonus shares to its shareholders.Earlier in 2023, VRL Logistics carried out a share buyback of ₹61 crore.
The bonus shares will be issued out of the eligible reserves including securities premium account, general reserve, capital redemption reserve, retained earnings available as of March 31, 2025, the company said.The bonus shares will be credited on or before September 2, 2025.
The companies issue bonus shares to capitalise on their free reserves, increase their Earnings Per Share (EPS) and paid-up capital, along with reducing the reserves. Shareholders are issued these shares at no additional cost and hence are also known as free shares.
Only those investors will be eligible for bonus shares who will buy the stock before the ex-date. If an investor purchases the shares on the ex-date or after that, they will not be eligible to get bonus shares.
Promoters of VRL Logistics currently hold a 60.24% stake in the company at the end of the March quarter.
Shares of VRL Logistics are trading 0.084% lower at ₹594.55 today after the announcement was made by the company on the exchanges on Friday.
