Buyback of 87,50,000 shares at ₹320, up to ₹28,000 lakhs, passed as special resolution

VRL Logistics has shared the certified special resolution for its buyback: 87,50,000 shares (5% of paid-up capital) at ₹320 each, an aggregate ₹28,000 lakhs (24.51% of paid-up capital and free reserves), via tender offer.

Thu 8 Oct 2026

Shares to be bought back

87,50,000 shares (5.00% of paid-up equity share capital)

Buyback price

₹320 per equity share

Aggregate buyback size

₹28,000 lakhs (24.51% of paid-up capital and free reserves), via tender offer

What shareholders have approved

• Buyback of 87,50,000 fully paid-up equity shares of face value ₹10 each.
• Buyback price of ₹320 per equity share, payable in cash.
• Aggregate amount not exceeding ₹28,000 lakhs, excluding transaction costs such as brokerage, update fees, advisory fees, taxes and printing expenses.
• The buyback is on a proportionate basis through the tender offer route.
• The special resolution was passed through postal ballot and e-voting concluded on Saturday, 3 October 2026, and certified copies of the special resolution and the board resolution approving the buyback have been shared with the stock exchanges.

How big the buyback is

The 87,50,000 shares represent 5.00% of the total number of equity shares in the paid-up equity share capital of the company, based on the latest audited financial statements for the financial year ended 31 March 2026. The ₹28,000 lakhs buyback size equals 24.51% of the aggregate of the total paid-up equity share capital and free reserves as per those statements, which is within the prescribed limit of 25%.

Small shareholders have a reserved portion

• 15% of the number of equity shares the company proposes to buy back, or the number of shares entitled as per the shareholding of small shareholders, whichever is higher, is reserved for small shareholders.
• A small shareholder is a shareholder whose equity shares have a market value, based on the closing price on the recognised stock exchange having the highest trading volume as on the record date, of not more than Rs. 2,00,000.
• If shares tendered are less than the reservation, the balance is adjusted in the general category.
• Shares held under a common PAN are clubbed for deciding the category and entitlement, while holdings of institutional investors held under different schemes are considered separately.

Promoter intention

The promoters and members of the promoter group have expressed their intention not to participate in the buyback. Their shares are not considered while computing the entitlement ratio, which the company states means eligible shareholders will have a higher buyback entitlement ratio.

Price and quantity can be revised

Until one working day prior to the record date, the board or buyback committee may increase the buyback price and decrease the number of shares proposed to be bought back, such that there is no change in the buyback offer size.

Funding and process

• The buyback will be funded out of the free reserves of the company or such other source as may be permitted; borrowed funds from banks and financial institutions will not be used.
• An escrow account will be opened in line with the buyback regulations.
• A record date is to be decided by the board or buyback committee, and shareholders holding shares as on that date will receive a letter of offer along with a tender offer form indicating their entitlement.
• Entitlement is calculated on the number of shares held as on the record date and the ratio of the buyback applicable to the category the shareholder belongs to.

The company's stated reasons

The company says it has been generating reasonable cash on an ongoing basis and the buyback is in line with its practice of returning excess cash to shareholders. It states the buyback is expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base in the long term, and gives shareholders the option to either sell shares for cash or retain them and get a resultant increase in percentage shareholding without additional investment.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.