Velox Shipping and Logistics Limited reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company recorded a consolidated revenue from operations of ₹2,089.53 lakh for FY26, a significant increase from ₹25.00 lakh in the previous year. However, the consolidated net loss for the year stood at ₹73.28 lakh, compared to a profit of ₹43.94 lakh in FY25. On a standalone basis, the company reported a net profit of ₹34.25 lakh for the year.

The Board of Directors approved the financial results in its meeting held on May 29, 2026. M/s. Bilimoria Mehta & Co., Statutory Auditors of the Company, issued an audit report with an unmodified opinion on the financial results. The meeting was convened pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulations, 2015.

Financial Performance

The company's financial performance was influenced by recent acquisitions and expansion activities. For the quarter ended March 31, 2026, the consolidated revenue from operations was ₹1,745.26 lakh, while the standalone revenue was ₹210.33 lakh. Total consolidated income for the year was ₹2,227.62 lakh. The company reported a basic and diluted earnings per share (EPS) of (₹0.89) on a consolidated basis for the year.

Acquisitions and Capital Allocation

During the year, Velox Shipping acquired a 98% stake in Anchorage Shipping and International Logistics Associates LLC, consolidating their financials. The company also entered into an agreement to acquire a 98% stake in Consolidated Container Shipping Line LLC, Dubai, though this was pending completion as of March 31, 2026.

In a subsequent event, the Board allotted 2,83,33,333 convertible warrants to non-promoter investors at an issue price of ₹12 per warrant. The company received ₹8.49 crore, representing 25% of the subscription price. These warrants are convertible into one fully paid-up equity share of ₹10 each upon payment of the balance consideration.

Velox Shipping and Logistics Limited has stated that the disclosure of related party transactions is not applicable for the financial year ended March 31, 2026. The company informed the BSE that it qualifies for an exemption under Regulation 15(2) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. This regulation exempts listed entities from certain corporate governance provisions if their paid-up equity share capital does not exceed ₹10.00 Crores and net worth does not exceed ₹25.00 Crores as on the last day of the previous financial year.

As per the filing, the paid-up capital of Velox Shipping and Logistics Limited as on March 31, 2026, stood at ₹797.40 Lakhs. The net worth for the same period was reported at ₹831.25 Lakhs. Both figures are below the thresholds specified in Regulation 15 of the SEBI LODR Regulations, 2015.

Consequently, the requirements of Regulation 23(9), read with Regulation 15(2), do not apply to the company. Therefore, Velox Shipping and Logistics Limited is not required to submit disclosures of related party transactions for the year ended March 31, 2026.

The communication was addressed to the Listing Compliance Department of BSE Limited and signed by Pinal Parekh, Company Secretary and Compliance Officer. The company was formerly known as Velox Industries Limited.