Description
VRL Logistics announces bonus share issuance with record date confirmation and trading schedule for 8.75 crore bonus shares.
Summary
VRL Logistics Limited (Scrip Code: 539118) has confirmed the record date and trading schedule for its bonus share issue. The company will issue 8,74,68,495 bonus shares with distinctive numbers 9,12,43,496 to 17,87,11,990 under ISIN INE366I01010.
Key Points
- Total bonus shares to be issued: 8,74,68,495 shares
- Distinctive numbers: 9,12,43,496 to 17,87,11,990
- ISIN for bonus shares: INE366I01010
- Company undertakes to credit shares by 12 PM on T+1 day
- Shares will be available for trading from Beginning of Day (BOD) on T+2
Important Dates
- Deemed Date of Allotment: August 18, 2025 (T+1 day)
- Effective Listing Date: August 19, 2025 (T+2 day)
- Trading Commencement: August 19, 2025 (Beginning of Day)
- Depository Credit Deadline: By 12 PM on August 18, 2025
Compliance Requirements
- VRL Logistics must credit bonus shares to depository system by 12 PM on T+1 day (August 18, 2025)
- Company must ensure shares are available for trading from BOD of T+2 day (August 19, 2025)
- Formal undertaking provided to BSE as per regulatory requirements
Impact Assessment
The bonus issue will increase the total share capital of VRL Logistics by approximately 8.75 crore shares. Existing shareholders will receive additional shares proportionate to their holdings, potentially improving liquidity and making shares more accessible to retail investors due to lower price per share post-bonus.
Impact Justification
Bonus issue affects existing shareholders and trading activity for VRL Logistics