Velox Shipping and Logistics
17.01
0.00(0.00%)
Market Cap₹13.60 Cr
PE Ratio-18.49
Company Performance:
1D0.00%
1M0.00%
6M0.00%
1Y0.00%
5Y0.00%
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More news about Velox Shipping and Logistics
14Feb 26
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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19Dec 25
Velox Shipping Acquires 98% Stake in Dubai Firm for ₹5 Crores
Velox Shipping and Logistics Limited has agreed to acquire a 98% stake in Consolidated Container Shipping Line LLC Dubai (CCSL Dubai) for ₹5.00 crores. The cash transaction is part of Velox's international expansion strategy. CCSL Dubai operates in the logistics sector, offering services such as cargo packaging, sea cargo services, and container handling. The acquisition is expected to be completed by December 2026 and does not require regulatory approvals.
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08Dec 25
Velox Shipping & Logistics Announces Major Corporate Restructuring Initiatives
Velox Shipping and Logistics Limited has approved significant corporate restructuring initiatives. The company plans to increase its authorized share capital from Rs. 13.00 crore to Rs. 40.00 crore, a 200% increase. Additionally, it will issue up to 2,83,33,333 convertible warrants at Rs. 12.00 each to 35 investors through preferential allotment, potentially raising Rs. 34.00 crore. The company has also adopted new Articles of Association. An Extra-Ordinary General Meeting is scheduled for January 8, 2026, to seek shareholder approval for these initiatives.
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29Nov 25
Velox Shipping and Logistics to Acquire 98% Stake in Anchorage Shipping for Rs 15 Crore
Velox Shipping and Logistics Limited has signed an agreement to acquire a 98% stake in Anchorage Shipping, a partnership firm, for Rs 15 crore in cash. The acquisition is expected to be completed by December 2026. Anchorage Shipping, established in 1986, provides services in shipping, clearing and forwarding, and Customs House Broking. The target company reported a turnover of Rs 51,74,50,082 in FY 2024-25 with a profit of Rs 52,15,238. This strategic move aims to expand Velox's operations in the shipping and logistics sector.
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18Nov 25
Velox Shipping and Logistics Expands Globally with 98% Stake Acquisition in US-Based ILA
Velox Shipping and Logistics Limited 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 $447,860. The acquisition is expected to be completed by December 2026. ILA reported a turnover of $4,225,927 and a profit of $120,369 in 2024. This strategic move aligns with Velox's objective of expanding its international presence and is expected to strengthen its position in the global logistics market.
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15Nov 25
Velox Shipping and Logistics Reports Q2 Results, Plans 98% Stake Acquisition in US-Based ILA
Velox Shipping and Logistics Limited announced plans to acquire a 98% stake in US-based International Logistics Associates LLC for USD 4,47,860, expected to complete by December 2026. The company also reported unaudited financial results for Q2 and H1 ending September 30, 2025. The board approved waiving penal interest on inter-corporate deposits and confirmed compliance with SEBI regulations, including proper utilization of funds from a preferential allotment.
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12Aug 25
Velox Shipping and Logistics Approves Q2 2025 Financial Results, Appoints New Secretarial Auditor
Velox Shipping and Logistics Limited held a board meeting on August 12, 2025, approving unaudited financial results for Q2 2025. The company appointed M/s. Hiren Gediya & Associates as Secretarial Auditor for FY 2024-25. The board reported that Rs. 762.50 million raised through a preferential issue in August 2022 remains unutilized as of June 30, 2025. A 'Nil Statement' on fund utilization was filed in compliance with SEBI regulations.
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