Velox Shipping and Logistics Ltd — Important, 18-06-2026: Company Update

VELOX SHIPPING AND LOGISTICS LIMITED's Board allotted 17,78,180 equity shares to non-promoter warrant holders. These holders paid the remaining 75% of the consideration, totaling Rs. 1.60 crore, to convert their warrants into shares. This move increases the company's equity base and brings in fresh capital. Each new equity share was issued at Rs. 12, comprising a Rs. 10 face value and Rs. 2 premium. This conversion follows shareholder approval for the preferential allotment of warrants.