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.

Velox Shipping and Logistics Ltd has completed the acquisition of a 98% equity stake in International Logistics Associates LLC (ILA) for a total consideration of USD 447,860. The strategic move is aimed at expanding and establishing the company's business operations in international markets. The transaction was finalized on July 20, 2026, following the discharge of the entire consideration in tranches upon the completion of all conditions precedent.

The effective date for the acquisition is January 23, 2026, pursuant to a certificate issued by the Department of the Treasury Division of Revenue & Enterprise Services, State of New Jersey. This certificate confirms the inclusion of Velox Shipping and Logistics Ltd as a member of ILA under the New Jersey Limited Liability Company Act. The acquisition was conducted as a cash transaction and does not fall under related party transactions.

ILA is engaged in freight contracting, shipping agency services, and other related freight and logistics activities. The target entity operates in the logistics sector and has a presence in the United States of America. The acquisition aligns with the acquirer's objective to bolster its footprint in the international logistics domain.

Financials of International Logistics Associates LLC

The financial details of the acquired entity as of March 31, 2026, provide insight into the scale of the investment. The target entity reported a turnover of USD 32,20,321 for the financial year 2025-26, while its equity value stood at USD 4,47,860. The entity recorded a loss of USD 62,596 for the same period.

Historical Performance

ILA has demonstrated varying revenue trends over the past three years. The turnover for the financial years 2024 and 2025 was USD 42,25,927 and USD 27,84,788, respectively. The entity was incorporated on October 15, 2013. No specific governmental or regulatory approvals were required for the completion of this acquisition.