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Velox Shipping and Logistics Limited has announced a postal ballot seeking shareholder approval for the deviation of Rs. 7.62 Cr raised through a preferential allotment. The funds, originally intended for business expansion, working capital, and general purposes, are proposed to be used for acquiring and investing in a foreign entity named ‘ILA’ and other potential inorganic acquisitions. Voting will be conducted electronically to ensure transparency, with voting rights proportional to shareholding. This move signals a strategic shift towards inorganic growth, which could impact the company’s future business profile and value for shareholders.