Details of voting results by Postal ballot by e-voting process
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Velox Shipping and Logistics Ltd conducted a postal ballot via remote e-voting to seek shareholder approval for varying the terms of objects of the issue, as set out in the notice dated May 8, 2025. The e-voting window ran from May 14, 2025 to June 12, 2025, with the cut-off date for eligibility being May 9, 2025. Only 18 shareholders were on the record date, and just 3 members cast valid votes totalling 65,32,727 shares, all voted 100% in favour of the special resolution with no votes against and no invalid votes. Scrutinizer Sushil Talathi & Associates confirmed the resolution was duly passed with the requisite majority.
The company has secured shareholder approval to vary the objects for which earlier issue proceeds were intended, giving it flexibility to deploy funds toward new purposes. Given the very small shareholder base (18 shareholders), this appears to be a closely-held company, so this is largely a procedural compliance step rather than a broadly market-moving event.