We would like to inform you that the Board of Directors of the Company at their meeting held on Tuesday, August 12, 2025 at 05:20 PM has inter-alia considered and approved the following: ....
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The Board of Directors of Velox Shipping and Logistics Limited met on August 12, 2025 and approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at nil, with total income of Rs 9.99 lakhs (down slightly from Rs 10.18 lakhs in Q1 FY25) coming entirely from other income. Total expenses reduced to Rs 4.72 lakhs from Rs 6.47 lakhs, helping profit after tax grow to Rs 3.90 lakhs versus Rs 2.71 lakhs in the year-ago quarter, with EPS of Rs 0.05. The statutory auditor (Bilimoria Mehta & Co) issued an unmodified limited review report with no qualifications. The Board also appointed M/s. Hiren Gediya & Associates as Secretarial Auditor for FY 2024-25.
Despite the absence of operational revenue, the company reported ~44% YoY growth in net profit, driven by lower expenses. The clean audit review and routine secretarial auditor appointment are neutral governance signals. Investors should note the lack of core shipping/logistics revenue, which keeps the business fragile and dependent on other income.