Velox Shipping and Logistics Ltd — Important, 21-07-2026: Company Update

Velox Shipping and Logistics has completed its acquisition of a 98% stake in International Logistics Associates LLC (ILA) for USD 447,860. This strategic move aims to expand and establish Velox's business operations in international markets. ILA, based in the USA, specializes in freight contracting and shipping agency services. For the year ending March 31, 2026, ILA reported a turnover of USD 3,220,321 and a loss of USD 62,596. This acquisition signifies Velox's push into global logistics, impacting its long-term growth trajectory.