Velox Shipping Files Nil Deviation Statement for Q3FY26 Fund Utilization
Velox Shipping and Logistics Limited filed regulatory compliance documents for Q3FY26, confirming no deviation in fund utilization from ₹7,62,50,000 preferential allotment raised in August 2022. The company appointed M/s. Abhishek M Agrawal & Co as Internal Auditors and continued strategic expansion through acquisitions including 98% stake in Anchorage Shipping and control over International Logistics Associates LLC.
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Velox shipping and logistics Limited has announced its quarterly financial results for Q3 FY26 and made key corporate appointments following a Board meeting held on February 14, 2026. The company disclosed its unaudited standalone and consolidated financial results for the quarter and nine months ended December 30, 2025, alongside significant strategic developments.
Board Meeting Outcomes
The Board of Directors meeting, which commenced at 03:00 PM and concluded at 03:30 PM on February 14, 2026, approved several important matters:
| Decision: | Details |
|---|---|
| Financial Results: | Unaudited Standalone and Consolidated Financial Results for quarter and nine months ended December 30, 2025 |
| Auditor Appointment: | M/s. Abhishek M Agrawal & Co, Chartered Accountants as Internal Auditors |
| Appointment Date: | February 14, 2026 |
| Term: | Financial year 2025-26 |
Regulatory Compliance Filing
On the same date, Velox Shipping and Logistics Limited filed a nil statement on deviation or variation in utilization of funds for Q3FY26 under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed no deviation or variation in the use of proceeds from the preferential allotment approved by shareholders through Postal Ballot.
| Filing Details: | Information |
|---|---|
| Total Funds Raised: | ₹7,62,50,000 |
| Mode of Fund Raising: | Preferential Issue of Equity Shares |
| Date of Raising Funds: | August 26, 2022 |
| Quarter Ended: | December 31, 2025 |
| Deviation Status: | No |
| Amount Utilized in Quarter: | ₹44,33,000 |
Fund Utilization Purpose
The funds raised through preferential allotment were allocated for acquisition or investment in a foreign entity named 'International Logistics Associates LLC (ILA)'. The original allocation for this purpose was ₹4,00,00,000, and the company has partially utilized ₹44,33,000 during the quarter ended December 31, 2025.
New Internal Auditor Profile
M/s. Abhishek M Agrawal & Co, Chartered Accountants brings nearly a decade of professional experience in delivering comprehensive financial and advisory services. The firm offers a wide spectrum of services including Statutory Auditing, Assurance & Risk Management, Taxation services, and Management Advisory Services such as Budgeting & Budgetary control, Profitability studies, Asset management, Due Diligence and Internal Audits.
Strategic Acquisitions and Developments
During the reporting period, Velox Shipping made significant strategic moves to expand its operations:
| Acquisition: | Details |
|---|---|
| Target Company: | Anchorage Shipping (partnership firm) |
| Stake Acquired: | 98% |
| Agreement Date: | November 28, 2025 |
| Effective Date: | December 01, 2025 |
| Profit Sharing Ratio: | 98:2 |
The company has also entered into agreements for acquiring 98% equity stake in International Logistics Associates LLC and Consolidated Container Shipping Line LLC, Dubai, subject to completion of customary procedural and regulatory requirements. On January 23, 2026, Velox Shipping obtained control over International Logistics Associate LLC, making it a subsidiary of the company.
Historical Stock Returns for Velox Shipping and Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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