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

Velox Shipping and Logistics has confirmed no deviation in the use of funds raised through a preferential allotment. The company successfully raised 7.625 Cr, which was approved by shareholders for specific objectives. For the recently ended quarter, 0.4433 Cr was utilized towards the acquisition or investment in International Logistics Associates LLC (ILA), aligning with an original allocated amount of 4.00 Cr for this purpose. The Audit Committee reviewed the fund utilization and found no variation, ensuring transparency and adherence to the stated objectives, which is crucial for investor confidence.