Velox Shipping Terminates Proposed Investment in Consolidated Container Shipping

Velox Shipping and Logistics Ltd. has mutually terminated its proposed investment in Consolidated Container Shipping Line LLC, Dubai, through a Termination Agreement dated October 01, 2026. The initial agreement, disclosed on December 19, 2025, involved Velox Shipping acquiring a 98% ownership interest for a purchase consideration of INR 5,00,00,000 (₹5 Crore). The termination was based on prevailing geopolitical, security, commercial, financial, operational, legal, and strategic considerations. Consequently, Velox Shipping has no further obligations related to this proposed investment. The parties involved in the termination agreement are Velox Shipping and Logistics Limited, Consolidated Shipping Line India Private Limited, and Consolidated Container Shipping Line L.L.C. The transaction did not involve related parties and no shares were issued.