StockWatch
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Trading & Distributors
Board Meeting12 Aug 2026, 08:30 pm

Velox Shipping Board Meeting on Aug 17 to Approve Share Allotment

AI Summary

Velox Shipping and Logistics Ltd has announced that its Board of Directors will convene on August 17, 2026. The primary agenda item for this meeting is to consider and approve the preferential allotment of 76,58,508 equity shares. This allotment is to non-promoter category allottees and has already received approval from shareholders and the stock exchange. The company is adhering to SEBI Listing Regulations for this disclosure.

Key Highlights

  • Board meeting scheduled for August 17, 2026.
  • To consider and approve allotment of 76,58,508 equity shares.
  • Allotment is on a preferential basis to non-promoters.
  • Shareholder and stock exchange approval already obtained.