Velox Shipping and Logistics Ltd — Important, 14-02-2026: Company Update

Velox Shipping reported a deviation in the use of funds from its Rs. 7.625 Cr preferential allotment. Originally earmarked for business expansion and working capital, shareholders later approved a change to target the acquisition of a foreign entity, 'INTERNATIONAL LOGISTICS ASSOCIATES LLC', and other inorganic growth opportunities. For the quarter ending December 31, 2025, the company deployed Rs. 0.4433 Cr towards the ILA acquisition and Rs. 1 Cr for other inorganic acquisitions. This shift highlights the company's focus on strategic M&A for future growth.