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Velox Shipping and Logistics Limited has announced a board meeting on which it approved the audited financial results for the quarter and year ended March 31, 2025. The company reported a net profit after tax of ₹29.93 lakh for the year, up from ₹17.95 lakh last year. It also approved the proposed utilization of ₹7.63 Cr raised through a preferential allotment for acquiring or investing in INTERNATIONAL LOGISTICS ASSOCIATES LLC, other inorganic acquisitions, working capital, and general corporate purposes. Audit reports were issued with unmodified opinions, affirming sound financial reporting and controls.