Velox Shipping and Logistics Ltd has agreed to acquire a 100% stake in Divinus Express Logistics Private Limited for ₹5 crore to expand its operational capacity and strengthen its market position. The acquisition will be executed in phases, with the company initially purchasing approximately 63% of the equity stake. The remaining 37% is scheduled to be acquired over a period of three years, with the entire transaction expected to be completed on or before December 2029.

The target entity, Divinus Express Logistics Private Limited, is engaged in freight contracting, shipping agency services, and other related logistics activities. Incorporated on February 26, 2019, the company operates exclusively within India. For the financial year 2024-25, Divinus reported a turnover of ₹15,12,37,538 and a profit of ₹29,85,538.

Transaction Details

The acquisition is a strategic initiative by Velox Shipping and Logistics to reinforce its presence in the logistics sector. The transaction is structured as a cash deal and does not involve any share swap. The company confirmed that the acquisition does not fall within related party transactions and that no governmental or regulatory approvals are required for the deal.

Financial Performance of Divinus

Divinus Express Logistics Private Limited has demonstrated consistent revenue figures over the past three years. The equity capital of the target entity stands at ₹7,50,000.

The Board of Directors of Velox Shipping and Logistics Ltd approved the strategic investment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that the consideration for the initial 63% stake acquisition is ₹5 crore.

Velox Shipping and Logistics Ltd will allot 17,78,180 equity shares on a preferential basis to non-promoter category allottees on June 18, 2026. The company's board is scheduled to meet on this date to finalize the allotment, which has already been approved by shareholders and the stock exchange.

Board Meeting Details

The meeting of the Board of Directors will be held on Thursday, June 18, 2026. The primary agenda is the allotment of shares to the non-promoter category. The decision follows the necessary regulatory approvals and shareholder consent.

Allotment Breakdown

The intimation was submitted to BSE Limited pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Pinal Rahul Parekh, Company Secretary and Compliance Officer, signed the filing on June 15, 2026.