Velox Shipping And Logistics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/05/2026 ,inter alia, to consider and approve allotment of 2,83,33,333 ....
Price
▲ 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 has scheduled a board meeting on May 16, 2026 to approve allotment of 2,83,33,333 fully convertible warrants on a preferential basis to non-promoter allottees. The issue price is Rs. 12 per warrant, with 25% (Rs. 3) payable upfront as subscription money totaling Rs. 8.5 crore. The warrants are approved by shareholders and the stock exchange. The full conversion to equity will happen when warrant holders exercise their conversion option.
Significant dilution risk for existing shareholders as 2.83 crore warrants are being issued to non-promoters at Rs. 12, increasing share count upon conversion.