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.

Velox Shipping and Logistics has accepted the resignation of Ms. Pinal R. Parekh from her positions as Company Secretary, Compliance Officer, and Key Managerial Person (KMP). The resignation becomes effective on August 15, 2026, following a tender letter dated August 04, 2026. The departure creates an immediate vacancy in a critical governance role, prompting the company to initiate a search for a successor to ensure continued regulatory compliance.

Ms. Parekh cited pre-occupancy and better prospects as the reasons for her exit. In her resignation letter addressed to the Board of Directors, she requested that the company intimate the stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. She also directed the filing of necessary e-forms, including DIR-12, with the Registrar of Companies (ROC).

The intimation to the Bombay Stock Exchange (BSE) was submitted by Debashis Mukherjee, Managing Director, on August 05, 2026. The filing confirms that Ms. Parekh will be relieved of her responsibilities with effect from August 15, 2026. The company stated it is in the process of identifying and hiring a suitable candidate for the said position and will inform the stock exchanges once the vacancy is filled.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015. The filing references Master Circular No. HO/49/14/14(7) 2025-CFDPOD2/ I/3762/2026 dated January 30, 2026, regarding the disclosure requirements for changes in key managerial personnel.

Resignation Details

Governance Implications

The departure of a Company Secretary and Compliance Officer requires immediate attention to ensure continuity in regulatory filings and corporate governance matters. Velox Shipping and Logistics Limited, formerly known as Velox Industries Limited, has acknowledged the vacancy and committed to updating the exchanges upon appointment of a new candidate. The transition period between August 15, 2026, and the appointment of a successor may require interim arrangements for compliance duties, though no specific interim measures were disclosed in the filing.