VRL Logistics Doubles Share Capital with 1:1 Bonus Issue, Taps Strong Reserve Base
By Shishta Dutta | Updated at: Oct 13, 2025 05:40 PM IST
Mumbai, 4 July 2025: VRL Logistics Ltd (NSE: VRLLOG, BSE: 539118) has approved a 1:1 bonus share issue, a move that will double its equity share capital from ₹87.47 crore to ₹174.94 crore. This strategic decision, sanctioned by the company’s Board of Directors on 4 July 2025, is subject to shareholder approval and aims to reward shareholders while leveraging the company’s robust reserve base.
Shares of VRL Logistics exhibited a muted reaction following the company’s announcement of a 1:1 bonus issue. As of 12:49 PM IST, the stock was trading at ₹594.40, down by ₹0.65 or 0.11% from the previous close. The stock opened at ₹597.00, touched an intraday high of ₹605.80, and dipped to a low of ₹590.45. The company’s market capitalisation stood at approximately ₹5,200 crore.
Share Capital to Double as Bonus Issue Gains Board Approval
The bonus share issuance will see the total number of equity shares rise from 8,74,68,495 to 17,49,36,990. The face value per share remains unchanged at ₹10. The paid-up capital will correspondingly increase from ₹8,746.85 lakh to ₹17,493.70 lakh.
Share Capital Structure: Before and After
| Particulars | Pre-Bonus | Post-Bonus |
|---|---|---|
| No. of Equity Shares | 8,74,68,495 | 17,49,36,990 |
| Face Value per Share | ₹10 | ₹10 |
| Total Paid-up Share Capital | ₹8,746.85 lakh | ₹17,493.70 lakh |
Reserves Drive Bonus Allocation, Reflect Financial Strength
The bonus shares will be issued by capitalising free reserves and surplus, including securities premium, general reserve, capital redemption reserve, and retained earnings, as stated in the audited balance sheet dated 31 March 2025. The reserve position as of that date stood at ₹99,708.71 lakh, providing ample support for this distribution.
The total amount required for the bonus issue is ₹8,746.85 lakh, to be drawn as follows:
- Retained Earnings: ₹78,469.90 lakh
- General Reserve: ₹17,167.30 lakh
- Securities Premium: ₹3,694.01 lakh
- Capital Redemption Reserve: ₹377.50 lakh
Timeline Announced for Share Dispatch
The estimated credit or dispatch of bonus shares to eligible shareholders is scheduled on or before 2 September 2025. The company has confirmed that all figures are based on audited financial results for FY25.
Bonus Issue Details
| Particular | Details |
|---|---|
| Type of Security | Equity Shares |
| Nature of Issuance | Bonus Issue |
| Bonus Ratio | 1:1 (One bonus share for every existing share) |
| Total Number of Shares to be Issued | 8,74,68,495 equity shares |
| Source of Bonus | Capitalised from eligible reserves and surplus |
| Total Reserves Available (as of March 31, 2025) | ₹99,708.71 lakh |
| Estimated Credit/Dispatch Date for Bonus Shares | On or before September 2, 2025 |
| Audited Figures | Yes |
Disclosure Ensures Regulatory Transparency
VRL Logistics made this announcement following Regulation 30 of SEBI (LODR) Regulations, 2015, and SEBI’s Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 November 2024, ensuring complete compliance and shareholder transparency.
Company Profile: VRL Logistics Ltd
VRL Logistics Ltd, headquartered in Hubballi, Karnataka, is one of India’s most prominent logistics service providers. The company operates a vast fleet catering to both cargo and passenger transportation, with a particularly strong footprint in South and West India. Listed on both NSE and BSE, VRL continues to strengthen its financial and operational capabilities while expanding shareholder value.
REF: https://nsearchives.nseindia.com/corporate/VRLLOGI_04072025115729_OutcomeofBoardMeetingbonusshares04072025.pdf
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