VRL Logistics files shareholder approval for a ₹280 crore buyback of 87.5 lakh shares at ₹320
- Capital raise
- Logistics
VRL Logistics Limited has told the exchanges on 8 Oct 2026 that shareholders approved, by a special resolution in a postal ballot that concluded on 3 Oct 2026, the buyback of 87,50,000 fully paid equity shares of ₹10 each, 5% of its paid-up equity capital, at ₹320 a share in cash. The aggregate amount is not to exceed ₹28,000 lakh (₹280 crore), which is 24.51% of the total paid-up capital and free reserves as at 31 Mar 2026.
The buyback is to be made on a proportionate basis through the tender offer route under the SEBI buyback regulations. The company filed certified copies of the special resolution and the board resolution approving the buyback.
Inference
The buyback is large relative to net worth, at nearly a quarter of paid-up capital and free reserves, which is close to the legal limit for a shareholder-approved buyback. The filing does not give the dates of the tender offer.
Reference: Original filing (PDF)
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