ImportantCompany Update

The company's board has allotted 76,58,508 new equity shares, following the conversion of an equal number of warrants by non-promoter warrant holders.

Velox Shipping and Logistics Ltd506178 · Filed with the exchange

These warrant holders paid the remaining consideration of 6.89 Crore, completing the conversion process.

Each share was issued at Rs.12 (Rs.10 face value plus Rs.2 premium), expanding the company's equity base and capital.

This action finalizes a preferential allotment, significantly impacting the overall shareholding structure.

Read the original filing(PDF)

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