Announced Thu, 15 Oct, 2026 · 13:26 IST
Allots 56.31 lakh equity shares on warrant conversion; receives Rs 5.06 crore
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Velox Shipping and Logistics allotted 56,31,107 equity shares (face value Rs 10, premium Rs 2) to 5 non-promoter allottees on warrant conversion. Warrants were originally allotted May 16, 2026. The company received Rs 5.06 crore as the remaining 75 percent of Rs 12 per warrant. Post-allotment paid-up equity capital rises to Rs 23.04 crore across 2.30 crore shares. No warrants remain pending.
Likely market impact
Equity dilution of 56.31 lakh new shares; no warrants pending now, removing the overhang of future conversion dilution.