Velox Shipping and Logistics L

Operates as a freight contracting, shipping agency and logistics services holding company, built up through a series of acquisitions in FY26 after renaming from Velox Industries Limited. Consolidated revenue jumped from Rs. 25 lakh in FY25 to Rs. 2,089.53 lakh in FY26, almost entirely because of newly consolidated subsidiaries: 98%-owned Anchorage Shipping (effective December 2025) and 98%-owned US-based International Logistics Associates LLC, a freight contracting and shipping agency firm (effective January 2026). The standalone parent contributed only Rs. 330.45 lakh of total income in FY26, with the rest coming from these subsidiaries and their cost of services of Rs. 1,889.07 lakh. The company has signed amendment agreements to take roughly 80.56% of Divinus Express Logistics (an Indian logistics firm with FY25 turnover of Rs. 15.12 crore) and about 68.78% of Seaman Logistics Solutions (FY25 turnover of Rs. 50.88 crore), with the remaining stakes to be acquired over three years. Employee cost is 7.6% of revenue and other operating expenses (largely the freight cost of services) run at 100.4% of revenue, leaving the consolidated entity with a Rs. 73.28 lakh loss in FY26 versus a Rs. 43.94 lakh profit the year before. Capex was 7.9% of revenue, and the company has raised Rs. 8.5 crore by allotting 2.83 crore convertible warrants at Rs. 12 each to non-promoter investors.