Velox Shipping Allots 76.58 Lakh Equity Shares on Warrant Conversion

Velox Shipping and Logistics Ltd has announced the allotment of 76,58,508 equity shares following the conversion of warrants. The warrant holders paid a partial consideration of Rs. 6,89,26,572/- to exercise their rights. These shares, with a face value of Rs. 10/- each, were allotted on August 17, 2026, pursuant to a preferential allotment of convertible warrants to non-promoters on May 16, 2026. The allotment was approved by shareholders in an EGM held on January 08, 2026. The newly issued shares will rank pari passu with existing equity shares.