Corporate Action15 Oct 2026, 01:22 pm
Velox Shipping Allots 56.3 Lakh Equity Shares on Warrant Conversion
AI Summary
Velox Shipping and Logistics Ltd announced the allotment of 56,31,107 equity shares following the conversion of warrants. The warrant holders paid 75% of the balance consideration, totaling ₹5,06,79,963/-, to exercise their rights. These newly allotted shares, with a face value of ₹10 each, will rank pari passu with existing equity shares. Additionally, the company appointed Mr. Omkar Prakash Kulkarni as the new Company Secretary and Compliance Officer (KMP).
Key Highlights
- 56,31,107 equity shares allotted upon warrant conversion.
- ₹5,06,79,963 received as 75% balance consideration for warrants.
- New shares rank pari passu with existing equity.
- Omkar Prakash Kulkarni appointed Company Secretary and Compliance Officer.
- Board meeting held on October 15, 2026.
Price Impact
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