VELOX SHIPPING AND LOGISTICS LIMITED

Transaction Details

  • Target Entity: Seaman Logistics Solutions Private Limited ("Seaman")
  • Equity Capital: ₹1,00,000
  • FY25 Turnover: ₹50,87,64,755
  • FY25 Profit: ₹1,20,12,841
  • Industry: Logistics
  • Transaction Type: Not a related party transaction
  • Government Approvals: None required

Investment Structure

Velox Shipping Direct Investment:

  • Stake Acquired: 40.89% equity stake
  • Shares Acquired: 13,101 shares
  • Consideration: ₹11,00,00,000 (cash transaction)
  • Purpose: Strategic initiative to expand operational capacity and strengthen market position

Anchorage Shipping Partnership Investment:

  • Partnership Status: Velox Shipping has acquired 98% stake in M/s. Anchorage Shipping (Kerala-registered partnership firm)
  • Investment Amount: ₹7,50,00,000
  • Stake to be Acquired: 27.88% equity stake (8,933 shares)
  • Future Plans: Anchorage Shipping intends to purchase remaining 31.22% stake over 3 years through primary or secondary investment options

Target Company Background

  • Business Activities: Freight contracting, shipping agency services, freight and logistics related activities
  • Date of Incorporation: May 27, 2011
  • Geographic Presence: India
  • Historical Turnover:
  • FY25: ₹5,087.65 lakhs
  • FY24: ₹3,524.25 lakhs
  • FY23: ₹4,400.30 lakhs