Scrutinizer report and Voting reults for the EGM held on 8th January, 2026
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Velox Shipping and Logistics Ltd held an Extra-Ordinary General Meeting on January 8, 2026, and all four resolutions were passed with 100% approval. A total of 61,68,264 valid votes were cast by 5 members, with zero votes against and zero invalid votes. The resolutions included an increase in authorized share capital, alteration of the Memorandum of Association, adoption of a new set of Articles of Association, and issuance of warrants convertible into equity shares through a preferential allotment on a private placement basis. The remote e-voting was conducted via CDSL from January 5 to January 7, 2026, and physical ballot voting was held at the meeting. Scrutinizer Sushil Talathi & Associates confirmed the results.
The passing of all resolutions paves the way for a potential equity dilution via preferential allotment of convertible warrants and gives the company flexibility to raise capital. Shareholders should watch for the next announcement detailing the issue price, number of warrants, and identity of allottees, as this will determine the dilution impact on existing shareholders.