Notice Number

NOTICES

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)



Content

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

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.	103	15885

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	539118
Market Lot	1 Share
Scrip ID on BOLT System	VRLLOG*

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: