VRL Logistics Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 06, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
VRLLOG · price
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VRL Logistics held its 42nd AGM on August 6, 2025, at its registered office in Hubballi, with 59 members attending. Nine resolutions were transacted, including adoption of FY25 audited financial statements, re-appointment of two non-executive directors, confirmation of a Rs. 5 interim dividend and declaration of a Rs. 10 final dividend per equity share, revision of remuneration for Whole-time Director L.R. Bhat, appointment of Walker Chandiok & Co LLP as new statutory auditor for five years, appointment of R. Parthasarathy as secretarial auditor, alteration of the capital clause of the Memorandum of Association, and approval for issue of bonus equity shares. All resolutions were passed, with most securing over 99% votes in favour; the only notable dissent was on the re-appointment of Mr. Shiva A. Sankeshwar (about 24% against) and the bonus share issue (0.65% against).
Shareholders will receive a total dividend of Rs. 15 per share for FY25 (Rs. 5 interim already paid plus Rs. 10 final) and stand to receive bonus shares, both of which are typically viewed positively by retail investors. The change of statutory auditor from Kalyaniwalla & Mistry LLP to Walker Chandiok & Co LLP signals a routine rotation but is worth noting for governance tracking.