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.

Velox Shipping and Logistics Limited has signed a definitive agreement to acquire a 100% stake in Seaman Logistics Solutions Private Limited for ₹11 crore. The strategic investment aims to expand the company's operational capacity within the existing market and strengthen its overall market position. The transaction will be structured as a cash deal, with the acquisition process divided into two distinct phases.

The company proposes to acquire an initial majority stake of approximately 57% in Seaman Logistics at the outset. The acquisition of the remaining equity stake, roughly 43%, is scheduled to be completed over a period of three years. The entire transaction is expected to be finalized on or before December 2029. The board has determined that no governmental or regulatory approvals are required for this acquisition.

Seaman Logistics Solutions Private Limited, incorporated on May 27, 2011, operates within the logistics sector. The entity is engaged in freight contracting, shipping agency services, and other related freight and logistics activities. Its operations are currently based in India. The target entity is not a related party transaction, and the promoter or promoter group does not hold any interest in the entity being acquired.

The financial performance of Seaman Logistics for the fiscal year 2024-25 shows a turnover of ₹50.87 crore and a profit of ₹1.20 crore. The entity has an equity capital of ₹1,00,000. Historical turnover data indicates a growth trajectory from ₹4,400.30 lakh in 2022-23 to ₹3,524.25 lakh in 2023-24, before rising to ₹5,087.65 lakh in 2024-25.

Financial Overview of Seaman Logistics

Historical Turnover