VRL Logistics Approves Buyback of 87.5 Lakh Shares at ₹320

VRL Logistics Ltd's Board of Directors, in a meeting held on August 4, 2026, approved the company's financial results for the quarter ended June 30, 2026. Additionally, the Board greenlit a proposal for a buyback of up to 87,50,000 equity shares, representing 5.00% of the total paid-up equity share capital. The buyback will be conducted via the tender offer route at a price of ₹320 per share, with an aggregate amount not exceeding ₹280 crore. This buyback size represents 24.51% of the company's paid-up share capital and free reserves as of March 31, 2026. A portion of the buyback is reserved for small shareholders. The buyback is subject to shareholder approval through a special resolution. Promoters have indicated they will not participate in the buyback.