Velox Shipping and Logistics Ltd — Important, 16-05-2026: Company Update

Velox Shipping's board has approved the allotment of 2.83 Cr convertible warrants to 35 non-promoter investors. Each warrant is priced at Rs. 12, with the company receiving an initial Rs. 3 per warrant. This translates to an immediate capital infusion of Rs. 8.50 Cr. These warrants can later be converted into equity shares by paying the balance Rs. 9 per warrant, providing further funding opportunities. This move strengthens the company's financial base by bringing in new capital.