Voting results for the postal ballot
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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 (a special resolution). The e-voting ran from May 14, 2025 to June 12, 2025, with 18 shareholders on record as of the May 9, 2025 cut-off date. Three members voted, casting 65,32,727 valid votes — all 100% in favour of the resolution, with no votes against and no invalid votes. The scrutinizer, Sushil Talathi & Associates, confirmed the special resolution was passed with requisite majority. The results were announced on June 13, 2025.
Shareholders have unanimously approved the company to change how it uses funds from a prior issue, giving management flexibility to redirect capital to different purposes. This is a procedural but significant step, and the 100% approval with no dissent signals strong shareholder consensus.