Velox Shipping And Logistics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 08/12/2025 ,inter alia, to consider and approve 1.To consider ....
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Velox Shipping and Logistics Ltd has informed BSE that its Board of Directors will meet on December 8, 2025 to consider and approve several key proposals. The main agenda includes issuing convertible warrants to certain investors on a preferential basis, subject to shareholder and regulatory approvals. The Board will also consider raising the company's Authorised Share Capital and amending the Memorandum of Association accordingly. Additionally, it will finalise the date, time, and venue for an Extra-Ordinary General Meeting (EGM) to seek shareholder approval, and appoint a scrutinizer for the EGM process.
If approved, the preferential issue of convertible warrants could lead to dilution of existing shareholders' holdings once the warrants are converted into equity shares. The increase in authorised share capital signals that the company is preparing room for a potential fundraising or expansion of capital base, which could attract investor attention but also requires EGM approval.