Interim report
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qdfl# VRL LOGISTICS LTD To, BSE Limited Phiroze Jeeieebhoy Towers DalalStreet Mumbai- 400001 Scrip Code: 539118 Dear Sir / Madam, Sub: Outcome ofBoard Meeting held on No,tember 2.2026. Pursuant to Regulation 30 and l3 ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, Board of Directors at their meeting held today, inter alia,have transacted the following: l Financial Results The Board considered and approved the reviewed un-auditcd financial results ofthc Company for the quafter and half-year ended September 30, 2026. Copies of lhe revicwed un_audited financial results along with the Limitcd Review Report h-rinishe<J by rhc Auditors of the Company are enclosed herewith fbr your relbrence and records. 2. Recommcndation lor ADDoint ment ofNon-Executi Director on recommendation of Nomination and Remuneration Committee, the Board has Thanking you, For VRL L Based considered and recommended the shareholders appointment of Mr. Chandrashekhar Joshi as a Non-Executive Director of the Company. The said appointment is subject to approval of the shareholders by way ofpostal ballot. The Board ofDirectors have also approved-the notice of the Postal Ballot in this regard. The requisite details in relation to his appointment in line wirh the SEBI (LODR) Regulations 2015 would be furnished upon obtaining the confirmation ofthe Shareholders. The Board Meeting commenced at 2.00 p.m and concluded at 4.t5 p,m, The above information willalso be hosted on the Company's website https://www.vrlgroup.in We request you to kindly take note ofthe same. ICS LIMITED GIJ J30 0 ANIRUDDHA PHAI)NAVIS Company Sccretary & Compliancc Officer Date 02.1 1 .2026 Place: Hubballi Regd. & Admn. office : Bengaluru Road Varur HUBBALLI - 581 207 Karnataka 0836 22376r3 6366119394 CIN : L602l0KA1983PLCOO5247 | Customer Care : HUBBALLT GST|N(KAR): 29AABCVSOOSCtZ,j | 8, rsoossszeooE e-mail:customercare@vrllogistics.com e-mail:varurho@vrllogistics.com www.vrllogistics.com Corporate office : Girira.iAnnexe Circuit House Road HUBBALLT- 580 029 Karnataka 6 : 9342557973 B:0836 2237511 d-: 0836 2256612 e-mail : headoff ice@vrllogistics.com National Stock Exchange oflndia Limited Exchange Plaza, Plot No.C/l, G-Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Scrip Code: VRLLOG
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Walker Chandiok &Co LLP walkerCh.ndtok & Co LLp 42^i Fl@r Buildi.q Commerz tl rnlernarlonat Business Pa* ob€rc Ofl Westem E.press Hrghway lndepehdent Auditor's Review Report oh LJnaudited euarterly Fihancial Resutts and year to DateFinanciat Results of the Company pursuant to the Regulalion 3'3 of tfre Siiilr_isting Onfig"tions-an;Oisclosure Requirements) Regulations, 2015 (as amenided) To lhe Board of Direc(ors of VRL Logistics Limited 1' we.have reviewed the accornpanying staternent of unaudited financial resurts (the 'statement,) ofvRlLogis(ics Llrnited (lhe 'company') for the quarter ended 30 september 2026 ahd the year to date flnancialresults for the period .l April 2026 to 3o_September 2026, berng submitted by the Company pursuant to th;requirements of Reguration 33 of the sEBr (Listing obrigatjons;nd Drscrosuie Requirementi; negutations,2015 (as amended) ('Listjng Regutations'). 2 The statemeht, which is the responsibirity of the company's management and approved by the company,sBoard of Directors, has been prepared in accordance with the rec;gnition and measurement principres raiddown in lndian Accountihg standard 34, lnterim Financiar Reportingi(lnd As 34,). prescribed unde; section133 ofthe companies Act, 2013 (the'Act ), and other accountrng principres generiiry accepted in rndia and isin compliance with the presentation and discrosure requrrementa of Reguration 33 ;f the Listing Reguralions.Our responsibility js to express a conclusion on the Statement based on-our review. 3. we conducted our review ofthe statement in accordance with the standard on Review Engagements (,sRE,) 2410, Review of tnterim Financiat tnformation performed by the tndependent Aur[itor of thi Entity, tssuLdiy the lnstitute of chartered Accountanls of lndia (the 'lCAl'). A review of interim flnancial information consists ot making inquiries, primarily of persons responsible forfinancial and accouhlirg matters, and applying analyticalahd other review procedures. A review is subslantialiy less in scope than a-n audit conducted in alcordince with the standards on Auditing specified under secrion 143('i0) of the Act, and consequenfly, does not enableus to obtain assurance that we would become aware of all significant matiers that might be idenrified in anaudit. Accordingly, we do not express an audit opinion. banesar ch.ndoa,h chenna, oohradun, Ge curuglan c&tuti Fyda6bad.i^dore. JaiM Kd Wa Io, C handd 3 Co LLp E rq s 6ed lih
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VRL Logistics Limited lndependent Auditor,s Review Financial Results of the compa Report on Uhaudited euarterly ny pursuaht to the Regulatioh 33 Fihancial Results and year to Date of the Listing Regulelions Based on our re-view conducted as above, nothing has come to our attention that causes us to betieve that theaccompanying Statement, prepared in accordanc; with the recognition ,ra ir"".riua""r prr"iples laid downin Ind AS 34, prescribed under seclion 133 of the.Act, and ott "i u"""*irg pii""ipie; generatty accepted inlndia, has not discrosed the information required to be drscrosed in """o"ri"nlu'*n'h the requirements ofReguration 33 of the Listing Regulations, incruding the manner in wrrilh it ," t" o"l.iro""a, o,. that it containsany material misstatement. For Walker Chandiok & Co LLp Chartered Accounlants Firnr Regislration No: 001076N/N500013 w#\ Bharat Shetty Partner l\4embership No. 1068'15 uDlN:Je lo e 8|5AHT Ur6&50 Place: Hubballi Date: 2 November 2026 kofidb. Mumba Ns Deth NoeandPum wa k chand ok & co LLP ts r.! $rd w rh cl)rm@hr cicus. oder cr.ta Mw o.rhi
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VR! LogtsticB Ltmtied Regjstered ofnce:13rh Ki/ti NHr, Be.gaturu Road,varur,Hubba i-s31207. Kamrraka ctN : L60210r\A1933pLC005247, WebiIe : M.vrflogislcs,coh STATEMENIOF FINANCIA! RESULTS FOR THE OUARTER AND HAIF YEAR EI,IDED 30 SEPTEMBER 2025 1Rr .2026 Revenuero ope,at0ns Other n@me 2 Frelqht handlinO and seryionQ cosl Emp oyee beneiits exDense Deorccalon aid amonisarion eroense 52.199 6 235 Td relal iO io e iqy€a6 (3r) 3,641 7 510 8,r05 5 Profii forthe period/year (3-4) Olher Compr.h.nslve l.come l'OCl') llehs thal will nor be subseouenlrv rectassf ed lo prot'l pl!!s! R+measuremenl ofdefned benelil plans (oss) lncome lar rcallno lo above (123) 1257\ (5r31 ocl lor lhe vear(net oltarl. ttoss) 114 TottlComp'ehenr'vellrohF arC. ) ror lFe penod/yadr.9ain 3 9 Pa d.up .quiry 6harc epiia (erq nole4) Eahings per equiv share {rae varue or t 10 each) (Not annualised excepl ror lhe year end) 539 245 I 03 933 12,621 6 I trorar (Audied' I n $17 3006.2026 I .O-Ortors r3o.o!r2o2a f-?olil2D-s t usJ4T 1.5 r 6060?T-_ 1,4134 ,Jr"6rtl - 31,738 lssrT-iaEI -_r-
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31 Prope.ly, planl ard equipment Capilalwolk ln progress Olherlinarcia asseis olher non'cLrenl assets Cash and cash equivale.ts Bank balan@s olherlhan cash and esh equivatents Olhe. financial assels 1,80,356 56,667 3,2A1 80 19 6 3,608 1,103 2 421 1,70,679 59,672 2 250 81 23 6 3,458 1.027 2,92A 2,47,550 2,40,124 1197 24.042 10,161 1,197 1 900 3 028 I558 1,548 1,938 3,S57 48,579 20 390 T 2,96,i29 2,60,514 Equily share capilal kefer nole 4) Othe. equity (Bi6r nole 4) Othor financial Iiabi ities Defered lax llabllltes (nel) Tolaloulsta.ding dues ol micro enlepris€s and srnallenteDdsesiand Tolal ouistanding dues ol cEditors olh6r lhan mioo enleD ses and Olhor li.ancial liabilili€s hcone tax liabililies (neo 17,494 1.1t|,907 96 750 1,32,101 1,11,211 52,558 1.608 7,659 I740 54 582 1 490 7,086 8,306 1,15.210 1,04,S78 16,365 15,683 32 2,963 5,259 2,448 1,482 1 881 12155 15 262 32 2 593 5.192 2 346 1,748 1.464 43,518 41,392 Total equity and liabilities 2,96,129 2,60,514
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Statemenl otcash ltows 12 621 4 663 (4) (30) 182) (1) 150 (164) 30 12,912 5,041 (10s) (117) (30) l3 635 (7) (1) 546 (3?4) 33 (1,632) 969 17A 562 31,111 1417 1,137 338 41,651 3,r,103 (16532) t12t 30 1 (2€ 000) 66 (221 {76) 30 1 (4.373) 4,592 (4,890) (5,335) (2 880) (1.171) 980) (8 443) (6.158) (3 (8 (1 7 (351) 662 13 1 197 332 ows hom operating ectivities Adlsth.nls ao. non-cdh arems..d r.n. .onstd.6d separatety: Depreciation and amorlisation expens6 hle.est income on bank deposits lnleresl income on in@m6tex Efund R€nlaiin6me tom irvestmenl prcpery Financral assel al FWPL - nel chanse in tair vatue Lrabililies rclated lo earlier y6a6 witlen back Loss on disposl ol PPE (net) Gain on lease nodifetion Unwinding ol dis@uit on secunty doposils Operduns prctlt belore wortinq capitatch.nses B C.sh flows lrom lnvestins aclivitie3 Purchase ol properly plant and equipnent and intanoibte assers (incl!dlng adjustment of capitat rcrk-in.piogress, capitat credilorc and Proce€ds irom sale ol properly, ptanl and equtpment lnvest nenl in long term deposil with banks Inveslment in units olnulualfunds (nel) lnveshenG in shod lerm deposils wrh banks (net) Rentals recelved on inveslment p.oper, lnleresl rec€ived on bank deooslts Dividend in@me r@iled Net c.sh (userl in)lnv..tlno.ctivtties {B) Chan06 ln workirg caDltal: Financial and other assels Trade payables, other liabilities and orovisions Cash senerar.d lrom operattns activilies beloe tar lncome taxes paid (net ol rerunds) Nel cash senerated from oporattns .citvtrt.. lA) C Cash fl@s trom financins activirbs Pr@eds frcm shorl lerm borcwinqs (net) Pmceeds lrom lons term borcwinss Repaymeni oflo.O lem bor@inas Paymenl of lease liab li!es (excludlnq interesl) Paynentol inleresl on ease llabilities olvidend pald (adjusled wth unclaimed d vidend) Paymeni of inE€sl and other botrounO costs Share issue exoenses ncurcd Not c.Bh semni.d lrom/ (used ln)fin.ncinq aclivities(C) Net ld€crease)/ lncrease ln cash and c.sh equivatenr! (A+B+C) Cash and cash equ va ents at lhe beoiin nq oflhe oeriod Cash and cash equiv.l€rts ai the end oI th. period Componont ol cash and ca6h equivalents: - in deoosils wilh oriqinal maturily !Dlo 3months Cheques, dEfrs on hand 1 The above stalement ofcash ilows has been prepared under the'ind @l melhod as sel out in tnd AS T,,Stalemenl ofCash Fl s" specilied unde. soclion 133 of rhe Compan es Acl, 2013 (lhe i.at) 2 There a@ no reshcled ba ances ln esh and .ash equivalenis s p 24,535 3 082 2.500
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Notes: 1 These unaudited fnanclal results for the qua.ter and half year ended 30 September 2026 (the Statemenl,) have been prepared inaccordance with lhe recognitlon and measurement principles laid down under lndian Accounting Standards 34, lnterim iinancialReporting ('lnd AS 34') prescnbed under section 133 of llre Act and other accounirng principtes generally accepted n tndia and is;compllance wlh the presenlaton and disclosurc requirements of Regutation 33 oi it," Seet lristing ot[gitions ano olctsur;Req! rements) Regulations,2015 (as amended) ( Listing Regulalions,). The statement has been reviewed and recommended by the Audit commttee and is ihereafter apprcved by the Eoard ol Directors otthecornpany al lhe r respective meeungs heid on 2 November 2026 There is no quatif cation in h; review ;ep"rt "*"a oy th"llirtoryaudrlors. 2 The Company does oot have any subsidiary/ associate/ jotht venture as at 30 September 2026. 3 The Company is in the business of goods llanspo( and courer seNices The Chief Operating Decision Maker ( CODI\,i,) reviews theCompany's perforrnance as a single segmenl The activities of the Company cornprise of only one segment and ac;ordingly, theSlalernent ls refleclrve of the infomation required by lnd AS 108 'Operating Segments". Atso, lhe enlire op;ratons of the Com;;ny in terms oflocation ofassets are within lndia 4 The Eoard of Directors, in their meeling held on 4 Augusl 2026, has approved a proposat for buy,back of up to 8,750,000 fully paid-up equlty shares of face value 110 each, representing 5"/o ol lhe total pajd-up equily shares of lhe Company, subject to sharehotder;, approval. The br.ly-back is proposed lo be lnderlaken Ihrough tho tender offer route trom etigibte equity shaiehob;rc of the Company, other than the promoters, promoter group, and persons in conlrol of lhe Company, at a price of <320 per equily share, for an aggregaie consideralion nol exceeding {28,000 lakhs. The maximum buy-back size represents 24.51% of lhe aggregate ot ihe company,;pai;-up capital and free reserves as at 31 l\,4arch 2026, based on the audlled financial statements of lhe Company The proposed buy back shall be carrLed out in accoldance with the applicable provls ons of lhe Companies Act, 201 3 the Securities and Exchange Board of lndra (Buy, Back of Securities) RegLrlalions 2018 (as amended) and otherappticabte taws and.egutatons. VRL Logistics Limited Reglstered Office: lSth KM, NH 4, Bengaturu Road, Varur, Hubba -58.t 207, Karnataka CIN: L60210XA1983p1C005247 Webstte: www.vrlogistics.com Anand SankeEhwar lllanaging Director DIN:00217773 Subsequently, lhe shareholders of lhe Company approved lhe aforesaid buy-back through postat bajlot on 3 October 2026, and the Company submitted the Letter of Offer dated 24 October 20261o the Naiional Stock Exchange of lndia Limited and BSE Ltmited. The record date fordetemlning the entilementand eligibility ofshareholders for panicipatron in the buy-back is tixed as 22 Oc1ober2026. The buy-back process is expected to complete on I November 2026 upon settlement of the bids rcceved through the stock exchange mechanism. Accordingly, the consequentral reduction in eqllty share caplal and other equity will be rccognised in the interlm frnancial rcsults for lhe quarter and nine-rnonths period ending 31 December2026 Forand on behalf ofthe Board of Directors Place: Hubballi Date: 2 November 2026