Velox Shipping and Logistics Limited , formerly known as Velox Industries Limited, has announced a significant move to expand its international presence. The company has signed an agreement to acquire a 98% stake in International Logistics Associates LLC (ILA), a US-based freight contracting and shipping agency services company, for USD 4,47,860.

Acquisition Details

Financial Highlights of ILA

Strategic Rationale

The acquisition aligns with Velox Shipping and Logistics' objective of expanding and establishing its business operations in international markets. ILA, incorporated on October 15, 2013, provides services in freight contracting, shipping agency services, and other related freight and logistics activities.

Historical Performance

ILA has shown significant growth in recent years:

Transaction Details

• Nature of Consideration: Cash transaction
• Regulatory Approvals Required: None specified
• Related Party Transaction: No

Outlook

This strategic move is expected to strengthen Velox Shipping and Logistics' position in the global logistics market. The company aims to leverage ILA's established presence in the United States to enhance its international operations and service offerings.

As the logistics industry continues to evolve, particularly in the wake of changing global trade dynamics, this acquisition may position Velox to capitalize on new opportunities in the international freight and shipping sector.

Investors and stakeholders will be watching closely to see how this acquisition impacts Velox's financial performance and market position in the coming years, especially as the company works towards completing the transaction by December 2026.

Velox Shipping and Logistics Limited , formerly known as Velox Industries Limited, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, along with plans for a significant international acquisition. The company's board of directors approved these developments in a meeting held on November 14, 2025.

Acquisition Plans

In a strategic move to expand its international presence, Velox Shipping and Logistics has signed a term sheet to acquire a 98% stake in International Logistics Associates LLC (ILA), a US-based logistics company. The acquisition, valued at USD 4,47,860, is expected to be completed by December 2026.

Key Details of the Acquisition:

ILA, incorporated on October 15, 2013, specializes in freight contracting, shipping agency services, and other logistics-related activities. This acquisition aligns with Velox's strategy to establish and expand its operations in international markets.

Financial Results

While specific figures from the Q2 results were not provided in the available data, the company has submitted its unaudited financial results for the quarter and half-year ended September 30, 2025, to the stock exchange. These results have been reviewed by the company's statutory auditors, Bilimoria Mehta & Co.

Other Board Decisions

In addition to approving the quarterly results and the acquisition plan, the board also decided to waive off penal interest on inter-corporate deposits given by the company. This decision may impact the company's financial statements, although the extent of this impact is not specified in the available information.

Regulatory Compliance

Velox Shipping and Logistics has affirmed its compliance with regulatory requirements, including those under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also submitted a statement on the utilization of funds raised through a preferential allotment, confirming that there has been no deviation from the stated objectives as of September 30, 2025.

Investors and stakeholders are advised to monitor further announcements from the company for more detailed financial information and updates on the progress of the acquisition.