Velox board meets May 29 to consider FY26 audited results

0 min read Updated on 23 May 2026, 09:31 PM

Reviewed by

Suketu GScanX News Team

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Velox Shipping and Logistics Limited announced a board meeting on May 29, 2026, to approve audited financial results for the quarter and year ended March 31, 2026. The trading window for designated persons is closed until 48 hours after the results are disclosed.

*this image is generated using AI for illustrative purposes only.

Velox Shipping and Logistics Limited has scheduled a meeting of its Board of Directors for Friday, May 29, 2026. The primary agenda of the meeting is to consider, approve, and take on record the audited standalone and consolidated financial results of the company for the quarter and year ended March 31, 2026.

The meeting is being convened pursuant to Regulation 29(1)(d) of the SEBI Listing Regulations. The board will review the company's financial performance for the full fiscal year FY26 and the concluding quarter.

In accordance with the company's code of practices and procedures, as well as the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons will remain closed. This restriction will continue until 48 hours after the outcome of the board meeting is made public, ensuring compliance with fair disclosure norms regarding unpublished price-sensitive information.

The intimation was addressed to the Listing Compliance Department of BSE Limited. The company's BSE scrip code is 506178.

Historical Stock Returns for Velox Shipping and Logistics

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How does Velox Shipping and Logistics' FY26 revenue and profit performance compare to its FY25 results, and what growth trajectory does it signal for the company?

Will the board consider announcing a dividend or any capital allocation strategy alongside the FY26 financial results approval?

How has Velox Shipping's stock (BSE: 506178) historically reacted following board meetings where annual financial results are disclosed?

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Velox Shipping and Logistics Board Meeting Scheduled on May 16, 2026, for Allotment of 2,83,33,333 Fully Convertible Warrants

1 min read Updated on 13 May 2026, 06:53 PM

Reviewed by

Anirudha BScanX News Team

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Velox Shipping and Logistics Limited has scheduled a board meeting on May 16, 2026, to allot 2,83,33,333 fully convertible warrants at an issue price of Rs. 12/- per warrant on a preferential basis to non-promoter category allottees. The warrant subscription price is set at Rs. 3/- per warrant (25% of the issue price), with total proceeds aggregating Rs. 8,49,99,999/-. The intimation was filed pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the allotment having received prior approval from shareholders and the stock exchange.

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Velox Shipping and Logistics Limited (formerly Velox Industries Limited) has informed the stock exchange of a scheduled board meeting on Saturday, May 16, 2026, pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting has been convened, among other matters, to consider the allotment of fully convertible share warrants on a preferential basis to non-promoter category allottees, as previously approved by shareholders and the stock exchange.

Warrant Allotment Details

The board is set to deliberate on the allotment of 2,83,33,333 (two crore eighty three lakh thirty three thousand three hundred and thirty three) Fully Convertible Warrants. The key terms of the proposed allotment are outlined below:

Parameter:	Details
Number of Warrants:	2,83,33,333 Fully Convertible Warrants
Issue Price per Warrant:	Rs. 12/-
Warrant Subscription Price (25% of issue price):	Rs. 3/- per warrant
Total Amount to be Received:	Rs. 8,49,99,999/-
Category of Allottees:	Non-Promoter
Meeting Date:	Saturday, May 16, 2026
Regulatory Basis:	Regulation 29, SEBI LODR Regulations, 2015

Regulatory Compliance

The intimation was filed by Pinal Parekh, Company Secretary and Compliance Officer of Velox Shipping and Logistics Limited, from Mumbai, dated May 13, 2026. The allotment is being undertaken on a preferential basis, with the warrant subscription price set at Rs. 3/- per warrant, representing 25% of the issue price of Rs. 12/- per warrant. The total amount aggregating Rs. 8,49,99,999/- is to be received upon allotment, in accordance with the approvals granted by shareholders and the stock exchange.

The company, registered under CIN L52242MH1983PLC029364 and headquartered at 902 Filix Commercial Complex, Bhandup, Mumbai, has requested the Listing Compliance Department of BSE Limited to take the intimation on record.

Historical Stock Returns for Velox Shipping and Logistics

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How might the conversion of 2.83 crore fully convertible warrants into equity shares impact the existing shareholders' ownership dilution and the company's stock price post-conversion?

Who are the non-promoter allottees receiving these preferential warrants, and what strategic partnerships or business objectives does Velox Shipping and Logistics aim to achieve through this allotment?

How will Velox Shipping and Logistics deploy the approximately Rs. 8.5 crore raised through warrant subscriptions, and could this signal a broader expansion strategy in the shipping and logistics sector?