Corporate Action18 Jun 2026, 03:29 pm
Velox Shipping Allots 17.78 Lakh Shares on Warrant Conversion
AI Summary
Velox Shipping and Logistics Ltd announced the allotment of 17,78,180 equity shares following the conversion of warrants. The warrant holders paid Rs. 1,60,03,876, representing 75% of the balance consideration, to exercise their rights. These shares, with a face value of Rs. 10 each, were allotted at a premium of Rs. 12 each. The newly issued shares will rank pari passu with existing equity shares. This conversion follows an EGM approval on January 8, 2026, and preferential allotment of warrants on May 16, 2026, to non-promoters.
Key Highlights
- 17,78,180 equity shares allotted upon warrant conversion.
- Warrant holders paid ₹1.60 crore (75% of balance consideration).
- Shares allotted at ₹10 face value and ₹12 premium.
- New shares rank pari passu with existing equity.
- Conversion follows EGM approval and preferential warrant allotment.
Price Impact
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