The Annual Report of the Company for the year 2024-25 along with the Notice of the Annual General Meeting is enclosed along.
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Velox Shipping and Logistics Limited (formerly Velox Industries Limited) has filed its 42nd Annual Report for FY 2024-25 along with the notice for its 42nd AGM, scheduled for Tuesday, 30th September 2025 at 3:00 PM at the registered office in Bhandup, Mumbai. The company reported total revenue of Rs. 69.50 lakhs (up from Rs. 40.67 lakhs in FY24) and a profit after tax of Rs. 43.95 lakhs (up sharply from Rs. 17.94 lakhs in FY24). Three items are on the AGM agenda: adoption of FY25 financial statements, re-appointment of Managing Director Mr. Debashis Mukherjee (who retires by rotation), and appointment of M/s. Hiren Gediya & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30. The Board has not recommended any dividend for FY 2024-25, and there was no change in the paid-up share capital of Rs. 797.40 lakhs (79.74 lakh equity shares of Rs. 10 each). Remote e-voting runs from 27th September to 29th September 2025, with the cut-off date set as 23rd September 2025.
For shareholders: the company's profit after tax more than doubled year-on-year, which is a positive operational signal, though absolute numbers remain small and no dividend has been declared. The AGM agenda items are largely routine, so no major shareholder action is expected beyond standard voting.