Proceeding of the EGM of the Company held on 08th January, 2026 at 12:30 pm at the registered office of the Company.
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Awaiting price reaction for this filing.
Velox Shipping and Logistics Limited held its Extra Ordinary General Meeting on January 8, 2026, from 12:30 p.m. to 1:30 p.m. at its registered office in Bhandup, Mumbai. Only 5 members attended the meeting, chaired by Mr. Sushil Sindhkar. Four key resolutions were tabled: (1) Increase in the Authorised Share Capital, (2) Alteration in the Memorandum of Association, (3) Adoption of a new set of Articles of Association, and (4) Issuance of Warrants Convertible into Equity Shares via Preferential Allotment on a Private Placement basis. Remote e-voting was conducted from January 5-7, 2026, with Sushil Talathi & Associates acting as Scrutinizer. The combined voting results are yet to be announced and will be filed with the stock exchange within two working days.
The proposed preferential allotment of convertible warrants is likely to lead to equity dilution for existing shareholders once results are declared. Increasing authorised share capital and adopting new articles are typical preparatory steps for such fundraising, and investors should closely review the voting outcome and accompanying price implications once disclosed.