VRL Logistics Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 06, 2025
VRLLOG · price
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VRL Logistics has notified that its 42nd Annual General Meeting will be held on Wednesday, August 6, 2025 at 1:00 p.m. at the registered office in Varur, Hubballi, Karnataka. Key items to be approved include a final dividend of Rs. 10 per share (in addition to the interim dividend of Rs. 5 per share already paid), making a total of Rs. 15 per share for FY25, with a record date of July 30, 2025. Shareholders will also vote on a 1:1 bonus issue of 8,74,68,495 equity shares by capitalising Rs. 87.47 crore from reserves/securities premium, appointment of Walker Chandiok & Co LLP as new statutory auditors for 5 years (replacing Kalyaniwalla & Mistry LLP), re-appointment of two directors retiring by rotation, and revision of remuneration for Whole-time Director Mr. L R Bhat to Rs. 16,50,350 per month. E-voting will be open from August 3 to August 5, 2025.
The 1:1 bonus issue and Rs. 15 total dividend are positive shareholder actions that reward investors and signal strong reserves. The final dividend, if approved, will be paid on or before August 30, 2025. Routine items like auditor change and director re-appointments are unlikely to move the stock; short-term price action may be muted until bonus shares are credited.