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.

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:

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.