VRL Logistics Limited has scheduled its 43rd Annual General Meeting (AGM) for August 4, 2026, at 1.00 p.m. at its Registered Office in Hubballi, Karnataka. The meeting will transact business including the adoption of audited financial statements for the financial year ended March 31, 2026. Shareholders will also consider the re-appointment of Dr. Vijay Sankeshwar as Chairman and Managing Director for a period of five years commencing January 1, 2027, subject to approval, along with a revised remuneration package.

The Board has proposed a monthly remuneration of ₹40,00,000 and a commission not exceeding 0.75% of the net annual profits for Dr. Vijay Sankeshwar. The AGM agenda includes the confirmation of the interim dividend paid as the final dividend for FY 2025-26. The Ordinary Business covers the re-appointment of Mr. L R Bhat and Dr. Raghottam Akamanchi as directors who retire by rotation, while the Special Business addresses the continuation of Mr. Virupaxagouda Patil as a Non-Executive Independent Director upon attaining the age of 75 years.

E-Voting and Participation Details

Remote e-voting facilities will be available from 9.00 a.m. on August 1, 2026, until 5.00 p.m. on August 3, 2026. The cut-off date for determining shareholder eligibility is July 28, 2026. Mr. Akshay Pachlag, Practicing Company Secretary, has been appointed as the Scrutinizer. Members attending the meeting who have not cast their vote by remote e-voting may use the 'Insta-Poll' facility available at the venue.

VRL Logistics has filed its Business Responsibility and Sustainability Report for the financial year ended March 31, 2026. The filing provides a comprehensive overview of the company's environmental, social, and governance (ESG) performance, highlighting its operational footprint and workforce metrics. The disclosures are made on a standalone basis.

Environmental Performance

The company identified energy efficiency and greenhouse gas (GHG) emissions as material issues, characterizing them as an opportunity and a risk respectively. VRL Logistics reported a total energy consumption of 3,941,611.13 GJ in FY26, derived entirely from non-renewable sources. This comprised 46,670.40 GJ from electricity and 3,894,940.73 GJ from fuel consumption. Consequently, the total Scope 1 and Scope 2 emissions were recorded at 260,247.8 TCO2e.

Water withdrawal for the year stood at 49,750 kilolitres, with the company noting that water waste from vehicle cleaning is recycled for gardening. The report also detailed waste generation, which totaled 662,728.31 metric tonnes. This included 30.74 metric tonnes of battery waste and 111.69 metric tonnes of other hazardous waste. The company recycled 30.74 metric tonnes of battery waste and 2,793.85 metric tonnes of other non-hazardous waste.

Workforce and Social Metrics

VRL Logistics reported a workforce of 21,511 permanent employees, comprising 21,208 male and 303 female employees. The company stated it does not employ any workers on its payroll. The median remuneration for the Board of Directors was ₹3,60,00,000, while Key Managerial Personnel received a median of ₹1,80,94,200. For other employees, the median remuneration was ₹2,40,000 for males and ₹3,00,120 for females.

The company incurred costs on wellbeing measures equivalent to 18.24% of its total revenue. Regarding safety, the Lost Time Injury Frequency Rate (LTIFR) for employees was 1.04 per million person hours worked. The report recorded 19 employee fatalities during the financial year, compared to 20 in the previous year.

Grievance Redressal and Governance

The company disclosed that it received 345,328 complaints from customers during FY26, with 954 cases pending resolution at the end of the year. This figure was significantly higher than the previous year's 90,383 complaints, a change the company attributed to an expanded reporting scope and revised classification criteria. Employee grievances totaled 109, with none pending resolution.

Governance oversight is managed directly by the Board, with the Audit Committee undertaking periodic reviews of sustainability-related issues. The company confirmed that it has not established a separate committee for sustainability decision-making.