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Velox Shipping allots equity shares to warrant holders following Rs 5.07 crore consideration
15-Oct-2026, 02:03
Velox Shipping and Logistics Limited, formerly Velox Industries Limited, has allotted 56,31,107 equity shares with a face value of Rs 10 each to warrant holders, following the receipt of 75% of the outstanding consideration totaling Rs 5,06,79,963. The allotment, approved by shareholders on January 8, 2026, converts warrants initially issued on a preferential basis on May 16, 2026, to warrant holders including Pramila Bharat Poojari, Biju Joseph, Uma, Ashish Deobansi, and Ramendur U Trivedi.