Velox Shipping and Logistics Ltd — Important, 08-12-2025: Company Update

Velox Shipping and Logistics announced that its board has approved increasing the authorized share capital from Rs. 13 Cr to Rs. 40 Cr. This move paves the way for a preferential allotment of up to 2.83 Cr warrants, each convertible into one equity share of Rs. 10 face value at an issue price of Rs. 12. This preferential issue aims to raise approximately INR 34 Cr. The company also approved adopting a new set of Articles of Association to align with current laws. An Extra-Ordinary General Meeting will be held to seek shareholder approvals for these proposals.