Velox Shipping and Logistics Ltd — Important, 30-05-2026: Company Update

Velox Shipping and Logistics confirmed a deviation in the utilization of funds raised through a preferential allotment. The company raised 7.625 Cr, which shareholders approved for a modified purpose. Instead of the original growth capital and working capital objectives, these funds are now being directed towards organic and inorganic expansion, including an acquisition or investment in a foreign entity and other acquisitions. Approximately 0.94 Cr has been utilized so far for these new strategic investments. This shift aims to strengthen the company's financial structure and accelerate business growth through strategic acquisitions.