Velox Shipping Allots 30.54 Lakh Equity Shares on Warrant Conversion

Velox Shipping and Logistics Ltd announced the allotment of 30,54,531 equity shares following the conversion of warrants. The warrant holders paid 75% of the balance consideration, amounting to ₹2,74,90,779 (₹2.75 Crore), to exercise their rights. These newly allotted shares, with a face value of ₹10 each, will rank pari passu with the existing equity shares of the company. The conversion was approved by shareholders in an EGM held on January 08, 2026, and warrants were initially allotted on a preferential basis to non-promoters on May 16, 2026. The total consideration for these warrants was ₹2,74,90,779, with 25% received at the time of warrant allotment.