Dividends & Buybacks
VRL Logistics Opens ₹280 Crore Buyback at ₹320 Per Share With Promoters Opting Out
By News Desk ·
Key takeaways
- VRL Logistics opened a ₹280 crore tender offer buyback at ₹320 per equity share on October 27, 2026.
- The offer covers up to 87,50,000 shares, or 5.00% of paid-up equity capital as on March 31, 2026.
- Promoters holding 60.24% will not participate, lifting their stake to 63.41% if the buyback is fully accepted.
VRL Logistics opened a ₹280 crore buyback at ₹320 per share on October 27, 2026, offering a 32.88% premium over the 3-month BSE VWAP. The tender offer runs to November 2, 2026 and covers 5% of paid-up equity, with promoters holding 60.24% opting out. ScanX published the report.
VRL Logistics Tender Offer Details
VRL Logistics proposes to repurchase up to 87,50,000 fully paid-up equity shares, representing 5.00% of its total paid-up equity share capital as on March 31, 2026. The aggregate consideration sits within the statutory limit of 25% of the company's paid-up capital and free reserves. Funds come entirely from internal resources, specifically free reserves and securities premium, with no borrowed funds used.
The offer price carries a 33.11% premium on the NSE 3-month VWAP, a 35.28% premium on the 1-month BSE VWAP and a 14.16% premium to the BSE closing price on August 4, 2026. Small shareholders, defined as those holding shares worth not more than ₹2,00,000 on the record date, are reserved 14 shares for every 99 held; the general category is entitled to 19 shares for every 154 held. The record date was October 22, 2026, and the settlement date is November 9, 2026. Physical shareholders must submit original share certificates and transfer forms to the registrar, KFin Technologies Limited, by 5:00 pm on November 2, 2026.
VRL Logistics Fleet and Financial Records
According to akta.pro company records, VRL Logistics placed a strategic order in May 2026 for 715 additional vehicles from Ashok Leyland, comprising AVTR 3120 haulage trucks, BOSS 1615 trucks and Oyster staff buses. The same records show a prior order for 500 commercial vehicles in Q3 FY2026. Full year sales for the year ended March 2026 were Rs 3,221.11 crore, with net profit of Rs 236.83 crore, up 29.47% year on year. The company operates 5,745 trucks across 24 states through 1,249+ branches.
Buyback Approval and Record Date Changes
VRL Logistics shareholders approved a special resolution to buy back up to 87.5 lakh equity shares at ₹320 per share, capped at ₹280 crore, with 99.99% votes in favor, ScanX reported on October 6, 2026. The company revised its buyback record date to October 22, 2026, replacing the earlier October 16, 2026 date, a change approved by the Buyback Committee on October 15, 2026, ScanX reported. On August 10, 2026, VRL Logistics reported record Q1FY27 results with profit after tax rising 61% year on year to ₹80.5 crore, ScanX reported.
VRL Logistics Buyback Settlement Date
The buyback window closes on November 2, 2026, and the settlement date is November 9, 2026.