VRL Logistics board to meet on July 4 to consider bonus share issue
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The board of directors of VRL Logistics is set to meet on Friday, July 4, in order to consider the issue of bonus shares for its shareholders , who will be eligible as on the record date, which will be declared later.'In accordance with the extant provisions of Regulations 29 of the SEBI (LODR) Regulations, 2015 referred above, we hereby inform that, a meeting of the Board of Directors of VRL Logistics Limited (the 'Company') will be held on Friday July 4, 2025, inter alia, to consider and recommend to the shareholders, for their approval, the capitalization of reserves & retained profits for issuance of Bonus shares,' said the company in a regulatory filing.No other details have been yet disclosed by the company.If approved, this will be the first-ever bonus issue in the history of VRL Logistics, according to the Trendlyne data. bonus share issue is when a company gives additional shares to its existing shareholders for free, in proportion to the number of shares they already hold. It is usually done to reward shareholders and is issued from the company's accumulated reserves.For example, in a 1:1 bonus issue, a shareholder receives one extra share for every one share held. While the number of shares increases, the overall value of the investment remains the same initially, as the share price adjusts accordingly.Bonus issues do not involve any cash outflow and are often seen as a sign of the company's confidence in its future performance.Over the past one year, the shares of VRL Logistics have gained 1.98%. On a year-to-date (YTD) basis, it is up 12.42%, while the six-month return stands at 11.57%. In the last three months, the stock has delivered a strong return of 21.09%. However, over the past one month, the gain has been marginal at just 0.10%.On Friday, VRL Logistics shares closed flat at Rs 573.10 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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