Voting results and scrutinizer report
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Awaiting price reaction for this filing.
Velox Shipping and Logistics Limited conducted a postal ballot via remote e-voting to seek shareholder approval for varying the terms of objects of the issue (i.e., changing the stated purpose for which funds were raised). The notice was issued on May 08, 2025, and e-voting closed on June 12, 2025. Out of 18 shareholders on record as of the May 09, 2025 cut-off date, 3 members voted in favour of the special resolution, casting 65,32,727 valid votes representing 100% of votes cast, with zero votes against and no invalid votes. The scrutinizer, Sushil Talathi & Associates, confirmed the resolution was passed with the requisite majority.
Shareholders have approved a change in the stated purpose/use of issue proceeds, meaning the company is now free to deploy previously raised funds toward a different objective than originally declared. Investors should review the revised object of the issue to understand the new direction of capital deployment, which could affect future business strategy and returns.