Velox Shipping and Logistics Ltd

AGM Details

• AGM held on Sep 30, 2026 at 03:00 PM; mode: physical.
• Remote e-Voting from Sep 27 to Sep 29, 2026; record date Sep 23, 2026.

Key Resolutions

• Adoption of Audited Financial Statements: year ended Mar 31, 2026.
• Re-appointment of director by rotation: Mr. Sushil Sindhkar.
• Approval for advancing loans/guarantees/security to director-related parties (Section 185).
• Approval for loans/guarantees/security/investments under Section 186.

Voting Results

• Adoption of Audited Financial Statements: voting outcome not disclosed here.
• Re-appointment of director by rotation: voting outcome not disclosed here.
• RPT approvals: loans/guarantees to director-related parties: voting outcome not disclosed here.
• RPT approvals: loans/guarantees/investments under Section 186: voting outcome not disclosed here.

Director Changes

• Director changes: re-appointment of Sushil Sindhkar (DIN 10191316) proposed; retires by rotation.

Related Party Transactions

• Loans/guarantees to director-related parties under Section 185 (RPTs).
• Loans/guarantees/investments under Section 186 approved; counterparty details not disclosed.

Velox Shipping and Logistics Limited: Trading window closed from October 01, 2026 till the expiry of 48 hours after the declaration of the Unaudited Financial Results of the Company for the quarter ended September 30, 2026.

AGM record date

• Record date for AGM eligibility: 23 September 2026; AGM on 30 September 2026 at 3:00 PM.
• Scrip code 506178; equity shares.

Standalone financials

• Revenue from Operation stood at ₹210.33 lakh.
• Total income ₹330.45 lakh.
• Total expenses ₹284.16 lakh.
• Profit before tax ₹46.28 lakh.
• Tax expense ₹12.03 lakh.
• Profit after tax ₹34.25 lakh.
• Basic EPS ₹0.43.
• No dividend declared for the year.
• Cash and cash equivalents ₹47.91 lakh.

Consolidated performance

• Consolidated revenue from operations ₹2,089.53 lakh.
• Total consolidated income ₹2,227.62 lakh.
• Total consolidated expenses ₹2,290.49 lakh.
• Profit before tax ₹(62.87) lakh.
• Tax expense ₹10.41 lakh.
• Profit after tax ₹(71.13) lakh.
• Total comprehensive income ₹(68.90) lakh.

Acquisitions & equity events

• Anchorage Shipping LLP: 98% stake acquired on 01 Dec 2025.
• ILA: 98% stake acquired on 23 Jan 2026; INR 397.07 lakh.
• CCSL Dubai: 98% stake proposed; ₹5 crore purchase price; approvals pending.
• FCWs: 2.83 crore issued at ₹12; 25% paid; conversions underway.
• 9,436,688 FCWs converted to equity by 31 Mar 2026.

Capital structure & ownership

• Authorized capital increased to ₹40 crore during the year.
• Issued capital remains ₹7.974 million (₹797.40 lakh).
• Promoters Appu Financial holds 72.11%.
• Non-controlling interest total ₹20.83 lakh.

Dividends & after-year actions

• Dividend: no dividend declared for FY2025-26.
• Post-year: preferential warrants raised ₹8.50 crore; 25% paid.

Governance & controls

• Statutory auditors Bilimoria Mehta & Co; Secretarial auditors Hiren Gediya & Associates.
• Board committees: Audit; Nomination & Remuneration; Stakeholders Relationship.
• Company Secretary Parekh resigned on Aug 15, 2026.
• Audit trail observation: pre-7 Jan 2026 records not preserved; management addressing.

Risks & outlook

• Macro outlook: Indian logistics supported by infrastructure and reforms.
• Key risks: fuel costs, regulation changes, geopolitics, competition, cyber threats.
• Strategy: expand via acquisitions, integrate logistics capabilities and strengthen customer relations.

Segment & geography

• Single reportable segment: Logistics; assets concentrated in India.
• No separate segment reporting currently required.

Contingent liabilities

• Income tax demand ₹5.08 lakh for AY 2024-25; rectification filed; no provision recognised.

Governance and AGM actions

• Directors' Report for year ended 31 March 2026 approved.
• Secretarial Audit report for year ended 31 March 2026 received.
• Notice for 43rd AGM issued for Sept 30, 2026 at 3:00 PM.
• Book closure fixed Sept 24–Sept 30, 2026 (inclusive).
• EVoting entitlement cutoff fixed as Sept 23, 2026.
• Scrutinizer appointed for e-voting and ballot at AGM.

Meeting Details

• Board meeting scheduled for September 7, 2026

Key Agenda Items

• Consider, approve, and record Directors Report for year ended March 31, 2026
• Consider and approve Secretarial Audit Report by Hiren Gediya under Section 204
• Appoint Scrutinizer under Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management & Administration) Rules, 2014
• Consider and approve Notice for the 43rd AGM
• Consider and approve any other business transactions

Other Notes

Meeting Details

• Board meeting scheduled for Monday, August 17, 2026, to consider preferential allotment of 7,658,508 shares.

Key Agenda Items

• Allotment of 7,658,508 equity shares on a preferential basis to non-promoter allottees.
• Approval of the allotment by shareholders and Stock Exchange.

Other Notes

• Intimation confirms board meeting date; time and venue not disclosed.

Meeting Details

• Board meeting scheduled for 14 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.
• Note resignation of Ms. Pinal R Parekh, Company Secretary and Compliance Officer, effective August 15, 2026.

Other Notes

• Trading window for designated persons remains closed for 48 hours after board meeting outcomes are made public.