VRL Logistics management will conduct one-on-one meetings with investors in Singapore from September 7 to 9, 2026. The sessions are organized by Avendus Spark Institutional Equities.

The company disclosed the schedule under Regulation 30(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The dates are indicative and subject to change based on unforeseen developments or exigencies from either the company or investors.

Meeting Scope and Materials

During the interactions, management will refer only to publicly available documents. This includes the investor presentation and financial results for the quarter ended June 30, 2026, which were filed on August 4, 2026.

The company stated that no unpublished price-sensitive information (UPSI) is intended to be discussed during these meetings.

Aniruddha Phadnavis, Company Secretary and Compliance Officer, signed the disclosure from Hubballi on September 3, 2026.

VRL Logistics has dispatched its postal ballot notice to shareholders, formally initiating the voting process for a ₹2,800 crore equity share buyback. The notice was sent on September 1, 2026, to members registered as of August 29, 2026.

The proposal seeks shareholder approval to repurchase up to 87.5 lakh fully paid-up equity shares at ₹320 per share. This represents 5% of the company's total paid-up equity capital and 24.51% of its aggregate paid-up share capital and free reserves as of March 31, 2026. The Board approved the plan on August 4, 2026, citing strong cash generation and a robust balance sheet.

Key Terms of the Buyback

The transaction will be executed through the tender offer route via stock exchanges. Key parameters include:

The buyback price reflects a premium of approximately 32.88% to 33.11% over the volume-weighted average market price on BSE and NSE during the three months preceding July 25, 2026. The company may revise the price and number of shares until one working day prior to the record date, provided the total offer size remains unchanged.

What the Numbers Show

The buyback size of ₹2,800 crore is close to the regulatory ceiling of 25% of the total paid-up capital and free reserves, which stands at ₹28,561 crore based on audited financials for FY26. This indicates the company is maximizing its permissible capital return under current regulations while retaining a buffer for transaction costs.

Voting Process and Timeline

Shareholders holding shares as of the cut-off date, August 29, 2026, are eligible to vote. The company engaged KFin Technologies Limited to facilitate remote e-voting. Physical postal ballot forms were also sent to members without registered email IDs.

• Voting Commences: September 4, 2026, at 9:00 am
• Voting Ends: October 3, 2026, at 5:00 pm
• Results Declaration: On or before October 6, 2026

Members can opt for only one mode of voting. If votes are cast via both physical ballot and e-voting, the e-vote shall prevail. Mr. Akshay S. Pachlag, Practicing Company Secretary, has been appointed as the Scrutinizer for the process. The promoters have expressed their intention not to participate in the buyback, which may increase the entitlement ratio for eligible public shareholders.

Regulatory Compliance

The proposal complies with Section 68 of the Companies Act, 2013, and SEBI Buyback Regulations. An independent auditor report confirms that the permissible capital payment has been correctly determined and that the company will remain solvent post-buyback. The company confirmed it has no defaults in deposit repayments, dividend payments, or term loan obligations.