Velox Shipping and Logistics Limited passed all four resolutions proposed for consideration at its 43rd Annual General Meeting (AGM) held on September 30, 2026. The meeting concluded with unanimous support from shareholders present in person or through proxy, as well as those who voted via remote e-voting.

The resolutions covered the adoption of audited financial statements for FY26, the re-appointment of a director retiring by rotation, and special approvals regarding loans, guarantees, and investments under specific sections of the Companies Act, 2013. The scrutinizer’s report confirmed that no invalid votes were cast on any resolution.

Voting results overview

The total number of shareholders on record was 37. Of these, six shareholders attended the meeting either in person or through proxy, while none participated via video conferencing. A total of 85,93,266 votes were polled across all categories, representing 49.36% of the outstanding shares.

Details of resolutions passed

The first ordinary resolution involved receiving, considering, and adopting the audited financial statements, including the balance sheet as at March 31, 2026, and the statement of profit and loss for the financial year ended March 31, 2026. This was approved with 100% votes in favour.

The second ordinary resolution addressed the re-appointment of Mr. Sushil Sindhkar (DIN: 10191316) as a director. He retired by rotation and offered himself for re-appointment, which was unanimously approved by the voting members.

Two special resolutions were also passed:

• Approval to advance loans, provide guarantees, or offer security to persons in whom any director is interested, pursuant to Section 185 of the Companies Act, 2013.
• Approval to provide loans, guarantees, security, or make investments under Section 186 of the Companies Act, 2013.

What the numbers show

The voting data reveals a high concentration of promoter participation relative to public turnout. Promoters and their group voted 57,50,000 shares, accounting for 97.11% of their holding. In contrast, public non-institutional shareholders voted 28,43,266 shares, representing only 24.75% of their total holding. Despite this disparity in participation rates, the outcome was unanimous, with zero votes against any resolution across all shareholder categories.

Velox Shipping and Logistics has scheduled its 43rd Annual General Meeting (AGM) for Wednesday, September 30, 2026, at 3:00 pm. The meeting will be held at the company's registered office in Mumbai to adopt the audited financial statements for FY26 and address other statutory business items.

The board meeting held on September 7, 2026, approved the notice for the AGM. Key agenda items include the adoption of the standalone and consolidated financial statements for the year ended March 31, 2026, along with the Directors' Report and Auditors' Report.

Agenda Details

The AGM will transact both ordinary and special business. Under ordinary business, shareholders will vote on:

• Adoption of audited financial statements for FY26
• Re-appointment of Mr. Sushil Dattatraya Sindhkar as a director, who retires by rotation

Under special business, the company seeks shareholder approval for two major resolutions under the Companies Act, 2013:

• Section 185: Approval to advance loans or provide guarantees/security to persons in whom any director is interested, up to an aggregate limit of ₹250 crore.
• Section 186: Approval to provide loans, guarantees, security, or make investments in other bodies corporate, subject to statutory limits and an aggregate cap of ₹250 crore over and above prescribed thresholds.

E-Voting Facility

The company is providing remote e-voting facilities via Central Depository Services (India) Limited (CDSL). The voting window is open from Sunday, September 27, 2026, at 10:00 am until Tuesday, September 29, 2026, at 5:00 pm. The cut-off date for determining eligible shareholders is September 23, 2026.

Members holding shares in demat or physical form as on the cut-off date can cast their votes electronically. Those who vote remotely will not be entitled to vote again at the physical meeting venue. M/s. Sushil Talathi & Associates has been appointed as the Scrutinizer for the e-voting process.

Corporate Governance Updates

The company, formerly known as Velox Industries Limited, continues to transition into logistics operations. The FY26 results reflect revenue from operations of ₹210.33 lakh on a standalone basis, compared to nil in the previous year. Consolidated revenue stood at ₹2,089.53 lakh.

No dividend has been recommended for FY26. The board also noted the resignation of Company Secretary Pinal Rahul Parekh, effective August 15, 2026.