Velox Shipping and Logistics Ltd

Velox Shipping and Logistics Limited, formerly Velox Industries Limited, announced the mutual termination of a proposed investment in Consolidated Container Shipping Line L.L.C., Dubai, following a December 2025 disclosure. The termination agreement, dated October 1, 2026, discontinued plans for Velox Shipping and Logistics Limited to acquire 98% ownership interest in Consolidated Container Shipping Line L.L.C. for a consideration of Rs 50,00,000, citing prevailing geopolitical, security, commercial, financial, operational, legal and strategic considerations.

Velox Shipping and Logistics Limited, formerly Velox Industries Limited, will close its trading window for designated persons from October 1, 2026, until 48 hours after the declaration of the company’s unaudited financial results for the quarter ended September 30, 2026, in compliance with the Securities & Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Velox Shipping and Logistics Limited, formerly Velox Industries Limited, will hold a board meeting on Monday, September 07, 2026, to consider and approve the company’s Directors Report for the financial year ended March 31, 2026, a Secretarial Audit Report from Mr. Hiren Gediya, and to appoint a Scrutinizer under Section 108 of the Companies Act, 2013.

Velox Shipping and Logistics Limited, formerly Velox Industries Limited, has allotted 76,58,508 equity shares with a face value of Rs 10 each to warrant holders, following the receipt of Rs 6,89,26,572 as part payment of the consideration for the warrants. The allotment, made on August 17, 2026, is in continuation of the preferential basis allotment of convertible warrants to non-promoters on May 16, 2026, and represents the conversion of warrants held by individuals including Meghraj Deobansi, Surendra Choudhary, and Peter Almeida.

Velox Shipping and Logistics Limited, formerly Velox Industries Limited, disclosed a partial deviation in the utilization of funds raised through a preferential allotment of Rs 76,25,00,000, as well as funds raised through a private placement of convertible warrants totaling Rs 8,49,99,999 and warrants converted into equity shares amounting to Rs 2,13,38,160, all as of June 30, 2026. The company intends to invest and expand its business through organic growth, inorganic acquisitions, and investments in entities like International Logistics Associates LLC, with shareholder approval received on June 13, 2025.

Velox Shipping and Logistics Limited, formerly Velox Industries Limited, will hold a board meeting on Monday, August 17, 2026, to allot 76,58,508 equity shares on a preferential basis to non-promoter category allottees, as approved by shareholders and the BSE.

Velox Shipping and Logistics Limited, formerly Velox Industries Limited, will hold a board meeting on August 14, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and to note the resignation of Ms. Pinal R Parekh as Company Secretary & Compliance Officer, effective August 15, 2026.

Velox Shipping and Logistics will hold a meeting of the Board of Directors of the Company on 18 June 2026.

Net loss of Velox Shipping and Logistics reported to Rs 1.63 crore in the quarter ended March 2026 as against net profit of Rs 0.30 crore during the previous quarter ended March 2025. Sales rose 6880.00% to Rs 17.45 crore in the quarter ended March 2026 as against Rs 0.25 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 0.71 crore in the year ended March 2026 as against net profit of Rs 0.44 crore during the previous year ended March 2025. Sales rose 8260.00% to Rs 20.90 crore in the year ended March 2026 as against Rs 0.25 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales17.450.25 6880 20.900.25 8260 OPM %-11.1796.00 --7.9940.00 - PBDT-1.560.36 PL -0.390.55 PL PBT-1.790.36 PL -0.630.55 PL NP-1.630.30 PL -0.710.44 PL Powered by Capital Market - Live

Velox Shipping and Logistics will hold a meeting of the Board of Directors of the Company on 29 May 2026.