Corrigendum to the EGM to be held on 08th January, 2026
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Velox Shipping and Logistics Limited has issued a corrigendum to its EGM notice (originally dated December 17, 2025) for the meeting scheduled on January 8, 2026, following observations received from BSE on December 26, 2025. The corrigendum revises the relevant date for valuation from December 8, 2025 to December 9, 2025, and provides additional disclosures for Item No. 4, which pertains to a preferential issue of convertible warrants worth approximately ₹34 crores. The proceeds are earmarked for: ₹5 crores investment in Consolidated Container Shipping Line L.L.C. (Dubai), ₹14.50 crores toward acquiring a 98% stake in Anchorage Shipping partnership firm (total deal ₹15 crores, of which ₹50 lakhs already paid), ₹4 crores for working capital and capex, ₹2.50 crores for unidentified future acquisitions, and ₹8 crores for general corporate purposes. The corrigendum also corrects typing errors and updates the list of 35 proposed allottees along with their warrant allocations. All other parts of the original EGM notice remain unchanged, and the corrigendum forms an integral part of the original notice.
The corrigendum clarifies the use of funds and identity of allottees but does not materially change the size or nature of the proposed preferential warrant issue. Shareholders should review the revised disclosures before voting at the EGM on January 8, 2026; dilution from the warrants will be significant given the large number of proposed allottees.