Notice No.   20210213-1   Notice Date   13 Feb 2021
Category   Company related   Segment   Equity
Subject   Buyback of equity shares of VRL Logistics Limited (Scrip code: 539118)

Trading Members are hereby informed that VRL Logistics Limited (Scrip code: 539118) has announced buyback of its fully paid-up equity shares of face value of Rs. 10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 300/- (Rupees Three hundred only) per equity share payable in cash for an aggregate amount not exceeding INR 60, 00, 00,000/- (Indian Rupees Sixty Crore Only)


1.       Proposed timetable for buyback:


Date of Opening of the Buyback on BOLT

Monday, February 15, 2021

Last Date for the Buyback

Earlier of:

(a) August 14, 2021 (i.e., 6 (six) months from the date of the opening of the Buyback; or

(b) when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or

(c) at such earlier date as may be determined by the Board (including a committee thereof, constituted by

the Board or persons nominated by the Board / committee to exercise its powers, and / or the powers

conferred by the Board resolution in relation to the Buyback), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back),

however, that all payment obligations relating to the Buyback shall be completed before the last date for

the Buyback.


2.       Broker Members for buyback:


The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:


Name of the Member   

Clearing No

Client Code

ICICI Securities Ltd.




3.       Details of Shares held in DEMAT Form.

The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:


Scrip Code


Market Lot

1 Share

Scrip ID on BOLT System



4.       Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.


5.       Institutional Investors are allowed to participate in the buyback.


6.       Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment


7.       The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:



  • Merchant Banker to the Buyback:

ICICI Securities Limited

ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai 400 020, India

Tel. No.: +91 22 2288 2460;

Fax No.: +91 22 2282 6580



Investor grievance e-mail:

Contact persons: Rupesh Khant/ Vaibhav Saboo

SEBI Registration No.: INM000011179



  • At the Company:

Mr. Aniruddha Phadnavis

Company Secretary & Compliance Officer

VRL Logistics Limited

Giriraj Annexe, Circuit House Road,

Hubballi – 580 029, Karnataka

Tel No.: 08362237511

Fax No: 0836 2256612



·       At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784

              Email Id:


Trading Department -         

Trading Operations - Extn: 022-2272- 8376 (For Trading Related)


Help desk - Extn: 61363100 (Hunting) (For BOLT System)


Listing Operations Department –

Mr. Raghavendra Bhat/ Ms. Vidhi Mehta - Extn: 022-2272-8915/8995 (For General Queries)



Rupal Khandelwal

Senior Manager

February 13, 2020