Velox Shipping and Logistics has executed an addendum to its June 24, 2026 agreement to acquire an approximate 33.56% stake in Divinus Express Logistics Private Limited for ₹5,00,00,000. The transaction, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, aims to expand operational capacity within the existing logistics market and strengthen the company’s overall market position. This strategic investment marks a significant step in consolidating control over the freight contracting and shipping agency services provider.

The acquisition involves the purchase of 1,29,534 shares in Divinus Express Logistics Private Limited (Divinus), which was incorporated on February 26, 2019. The deal is structured as a cash transaction and does not constitute a related party transaction, nor does it require any governmental or regulatory approvals. The Board of Directors approved the move as part of its strategy to reinforce market presence through vertical integration in the logistics sector.

Financial Profile of Target Entity

Divinus Express Logistics operates primarily in India, offering freight contracting, shipping agency services, and related logistics activities. The target entity reported a turnover of ₹15,12,37,538 and a profit of ₹29,85,590 for the fiscal year 2024-25. Its equity capital stands at ₹7,50,000. The financial performance over the last three fiscal years indicates stable revenue generation despite minor fluctuations.

Note: Turnover figures for 2022-23 and 2023-24 are derived from lakh values provided in the source (Rs.1,219.68 Lakhs and Rs.1,561.57 Lakhs respectively).

Consolidated Control Strategy

The acquisition by Velox Shipping is part of a larger consolidation plan involving its wholly-owned subsidiary, Anchorage Shipping. Anchorage Shipping, in which Velox holds a 98% stake, has decided to invest ₹7,00,00,000 to acquire 1,81,347 shares, representing an approximate 46.99% stake in Divinus. In aggregate, Velox Shipping and Anchorage Shipping will purchase approximately 80.56% of the equity capital of the investee company.

The company intends to acquire the remaining 19.44% stake in Divinus over a period of three years through primary or secondary investment options. This phased approach allows for gradual integration while securing majority control immediately upon completion of the current transactions. The combined investment underscores a long-term commitment to expanding logistics infrastructure and service capabilities within the Indian market.

Velox Shipping and Logistics has signed an addendum agreement to acquire a 40.89% stake in Seaman Logistics Solutions Private Limited for an aggregate consideration of ₹11,00,00,000. The transaction, disclosed on July 28, 2026, is a strategic initiative designed to expand the company’s operational capacity within the existing market and strengthen its overall market position in the logistics sector. The acquisition involves the purchase of 13,101 shares from Seaman, which was incorporated on May 27, 2011.

The deal is structured as a cash transaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to the direct acquisition by Velox Shipping, its subsidiary, Anchorage Shipping — in which Velox holds a 98% stake — has decided to invest ₹7,50,00,000 to acquire 8,933 shares, representing approximately 27.88% of Seaman’s equity capital. In aggregate, Velox Shipping and Anchorage Shipping will purchase 22,034 shares, resulting in a combined stake of approximately 68.78% in the investee company.

Seaman Logistics Solutions operates in the freight contracting and shipping agency services segment. The target entity reported a turnover of ₹50,87,64,755 and a profit of ₹1,20,12,841 for the fiscal year 2024-25. The acquisition does not constitute a related party transaction, and no promoter or group company interest exists in the target entity beyond the acquiring parties. No governmental or regulatory approvals are required for this acquisition.

Financial Profile of Seaman Logistics

Velox Shipping intends to acquire the remaining 31.22% stake in Seaman over a period of three years through primary or secondary investment options. The initial agreement was executed on June 25, 2026, with this addendum formalizing the procedural completion of the strategic investment.

What the Numbers Show

Seaman Logistics demonstrated significant revenue growth in FY25, with turnover rising to ₹50.88 crore from ₹35.24 crore in FY24, marking a substantial increase in business volume. The profitability margin also improved, with profits reaching ₹12.01 lakh in FY25. The combined acquisition strategy allows Velox Shipping to secure a controlling interest of nearly 69% immediately, while retaining flexibility to achieve full ownership over the next three years. This phased approach mitigates immediate capital outflow risks while securing strategic control over Seaman’s freight contracting operations.