Bandhan Mutual Fund has significantly reduced its shareholding in VRL Logistics Limited through the disposal of 2,43,667 equity shares via open market transactions on February 10, 2026. The transaction has triggered mandatory disclosure requirements under SEBI regulations due to the substantial change in holding percentage.

Transaction Details and Regulatory Compliance

The share disposal has reduced Bandhan Mutual Fund's total holding in VRL Logistics from 5.0032% to 2.9635% of the company's paid-up capital. This represents a decrease of more than 2% from the last reported holding on March 26, 2021, necessitating disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Pre and Post-Transaction Holdings

Before the disposal, Bandhan Mutual Fund held 54,27,911 shares representing 3.1028% of VRL Logistics' voting capital. Following the transaction, the fund's holding stands at 51,84,244 shares, equivalent to 2.9635% of the total share capital.

Scheme-wise Distribution

The disposal affected only one of Bandhan Mutual Fund's schemes, with the remaining four schemes maintaining their positions unchanged. Bandhan Small Cap Fund was the sole scheme involved in the transaction, reducing its holding from 5,77,911 shares to 3,34,244 shares.

Company Capital Structure

VRL Logistics Limited maintains an equity share capital of Rs. 1,74,93,69,900, consisting of equity shares with a face value of Rs. 10 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited. The capital structure remained unchanged following the transaction, with no dilutive securities or warrants affecting the total share count.

VRL Logistics has announced comprehensive details regarding its interim dividend payment of Rs 5 per share, including the record date and payout schedule. The company has fixed February 13, 2026 as the record date for determining eligible shareholders for the interim dividend payment.

Dividend Payment Schedule

The logistics company has established a clear timeline for its interim dividend distribution process. The dividend payout is scheduled for February 26, 2026, providing shareholders with a defined timeline for receiving their returns.

Electronic Payment Mode Mandatory

In compliance with recent regulatory amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, VRL Logistics will distribute the interim dividend exclusively through electronic payment modes. The company has specified that payments will be made through National Automated Clearing House (NACH), Direct Credit (DC), National Electronic Fund Transfer (NEFT), or Real Time Gross Settlement (RTGS) systems only.

The regulatory change, effective from November 18, 2025, has eliminated the provision for physical payment instruments such as payable-at-par warrants or cheques. This means no remittance will be made through physical instruments for this dividend payment.

Shareholder Action Required

Shareholders must ensure their bank account details are correctly registered and updated with their respective Depository Participants to receive the electronic dividend credit. The company has emphasized that shareholders who have not registered or updated their bank account details will not receive dividend payments until such information is properly registered.

VRL Logistics has also requested shareholders to update their email addresses and mobile numbers to ensure timely receipt of dividend intimations and other electronic communications. This interim dividend declaration reflects the company's commitment to returning value to shareholders while adapting to the evolving regulatory framework for dividend distributions.