Velox Shipping and Logistics Limited has announced significant corporate restructuring initiatives, including an increase in authorized share capital and a preferential warrant issue. The company's board of directors approved these measures in a recent meeting, setting the stage for potential growth and expansion.

Key Corporate Actions

Authorized Share Capital Increase

The board has approved increasing the company's authorized share capital from Rs. 13.00 crore to Rs. 40.00 crore. This substantial increase of over 200% suggests that Velox Shipping and Logistics is preparing for significant expansion or capital-raising activities.

Preferential Warrant Issue

The company plans to issue up to 2,83,33,333 convertible warrants at Rs. 12.00 each to 35 investors through a preferential allotment. This move could potentially raise up to Rs. 34.00 crore, providing the company with additional capital for its operations or expansion plans.

Adoption of New Articles of Association

Velox Shipping and Logistics has also adopted new Articles of Association, which typically involves updating the company's internal rules and regulations to align with current laws and best governance practices.

Details of the Preferential Warrant Issue

Next Steps

The company has scheduled an Extra-Ordinary General Meeting (EGM) for January 8, 2026, to seek shareholder approval for these corporate restructuring initiatives. This meeting will be crucial for the company to move forward with its plans.

Implications

These corporate actions suggest that Velox Shipping and Logistics is positioning itself for potential growth or significant changes in its capital structure. The increase in authorized share capital provides the company with the flexibility to issue more shares in the future, while the preferential warrant issue could bring in substantial funds for the company's operations or expansion plans.

Investors and stakeholders may want to closely monitor the outcomes of the upcoming EGM and any subsequent announcements from the company regarding the utilization of the additional capital and the implementation of these corporate restructuring initiatives.

Velox Shipping and Logistics Limited (formerly Velox Industries Limited) has announced a significant move to expand its business operations in the shipping and logistics sector. The company has signed an agreement to acquire a 98% stake in Anchorage Shipping, a partnership firm, for Rs 15 crore in cash consideration.

Key Details of the Acquisition

About Anchorage Shipping

Anchorage Shipping, the target entity, is a well-established firm in the shipping and logistics industry. Here are some key points about the company:

• Incorporation Date: January 24, 1986
• Registration Date: June 04, 2005
• Core Business: Provides services in shipping, clearing and forwarding, and Customs House Broking
• Additional Services: Freight forwarding, cargo handling, and multi-modal transportation
• Representation: Acts as an agent for foreign and Indian Shipping Lines in various parts of India

Financial Overview of Anchorage Shipping

For the fiscal year 2024-25, Anchorage Shipping reported a profit of Rs 52,15,238.

Strategic Implications

This acquisition aligns with Velox Shipping and Logistics Limited's strategy to expand its business operations and explore new investment opportunities in the shipping and logistics sector. The move is expected to strengthen the company's position in the industry and potentially lead to synergies between the two entities.

Transaction Structure

• The investment will be made through deferred payments.
• Upon completion, Velox Shipping and Logistics will control 98% of the capital in Anchorage Shipping.
• The partners' capital contribution in Anchorage Shipping will increase from Rs 2,00,000 to Rs 15,02,00,000 after the agreement.

Regulatory Compliance

The company has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transaction does not fall within the purview of related party transactions, and none of the promoter/promoter group/group companies have any interest in Anchorage Shipping.

Investors and market participants will be watching how this acquisition unfolds and its impact on Velox Shipping and Logistics Limited's future performance in the competitive shipping and logistics industry.