VRL Logistics Share Price Surges Ahead of Bonus Issue News

Shares of VRL Logistics Ltd. witnessed a significant uptick on Monday, trading with gains of over 4% after the company disclosed plans to consider a bonus issue for the first time in its history.

A board meeting has been scheduled to discuss the matter, which has sparked interest among investors and traders.

Market Performance: VRL Logistics Share Price Movement

• On Monday, VRL Logistics' share price rose more than 4% during early trading hours.
• The rally followed an official filing by the exchange regarding an upcoming board meeting.
• Despite the surge, some profit booking was observed later in the session.

This momentum in share price highlights the growing anticipation around the corporate action.

Main News: Board Meeting for Bonus Issue

VRL Logistics has formally announced that it will conduct a board meeting on July 4, 2025, to consider issuing bonus shares.

• According to BSE data, this would mark the first-ever bonus share issue by the company.
• The record date for this proposed issue has not yet been finalized.
• The official announcement was made via an exchange filing last Friday.

This development has caught the attention of market participants and is being viewed as a shareholder-friendly move.

Company Details: Shareholding and Past Corporate Action

• Promoter Holding: As of the March 2025 quarter, promoters held 60.24% of the company.
• In 2023, VRL Logistics had completed a share buyback worth ₹61 Crore, underlining its intent to reward shareholders.

The company is continuing its approach of enhancing shareholder value through strategic actions.

What Are Bonus Shares?

• Bonus shares are free additional shares given to existing shareholders.
• Issued from the company's free reserves, they increase the paid-up capital and EPS.
• Investors must own shares before the ex-date to be eligible.
• Buying on or after the ex-date disqualifies investors from receiving these shares.

This is often seen as a sign of the company's financial strength and confidence in future performance.

Summary of the Article

• VRL Logistics' share price surged 4% after the company announced a board meeting to consider a bonus share issue.
• This would be the first bonus issue in the company's history.
• The board meeting is scheduled for July 4, 2025.
• Promoters hold a 60.24% stake as per March 2025 data.
• A share buyback worth ₹61 Crore was conducted in 2023.
• The company is yet to announce the record date for the bonus shares.