The stock of VRL Logistics, a major player in the transport and logistics industry, went up by over 4% today and is now trading at ₹597.
This rise happened after the company announced its plan to issue bonus shares to its shareholders for the first time. A board meeting is set for July 4 to discuss and approve this bonus issue.
What Are Bonus Shares?
Bonus shares are extra shares given free of cost to existing shareholders as a reward. These are issued from the company’s profits or reserves and not by raising fresh money.
Shareholders get additional shares in a fixed ratio based on the number of shares they already own. There is no cost to the investor for receiving these bonus shares.
Issuing bonus shares helps attract more investors and increases the total number of shares in circulation. However, the company has not yet announced the record date for this bonus issue.
Only those who buy the shares before the ex-date will be eligible to receive bonus shares. If someone buys the shares on or after the ex-date, they won’t qualify for them.
Strong Growth and Previous Share Buyback
In 2023, VRL Logistics also conducted a share buyback worth ₹61 crore, which means the company repurchased its own shares from the market.
As of the March 2025 quarter, the promoters of the company held a 60.24% stake. After the bonus share news was announced on Friday, the stock price jumped over 4%.
To compare, on July 3, 2020, the share price was ₹160.65, and as of June 30, 2025, it has reached ₹597—showing a growth of about 110% in four years.
From One Truck to Over 6,000 Vehicles
Founded in 1976 by Vijay Sankeshwar, now known as the “Trucking King” of India, VRL Logistics started with just one truck.
Today, the company owns around 6,177 commercial vehicles and has a market value of about ₹5,106 crore.
