This is a regulatory disclosure filed with BSE Ltd. under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the outcome of a Board Meeting.

The Board of Directors of Velox Shipping and Logistics Limited, in its meeting held on August 17, 2026 (commencing at 02:30 PM and concluding at 03:15 PM), approved the allotment of equity shares upon conversion of convertible warrants.

Background and Approval

This action follows the approval of shareholders obtained in an Extra-Ordinary General Meeting (EGM) held on January 08, 2026. The EGM notice was dated December 17, 2025, with a first corrigendum dated January 01, 2026, and a second corrigendum and addendum. Pursuant to this approval, the company had initially allotted convertible warrants on a preferential basis to non-promoters on May 16, 2026.

Transaction Details

The warrant holders paid a balance consideration aggregating to ₹6,89,26,572 (Rupees Six Crore Eighty Nine Lakh Twenty Six Thousand Five Hundred and Seventy Two Only) and applied to convert 76,58,508 warrants into an equivalent number of equity shares.

Allotment Particulars

The board allotted 76,58,508 equity shares of face value ₹10 each to the following 11 warrant holders:

| Sr. No. | Name of Allottee | No. of Equity Shares Allotted | Amount Received (₹) |

| 1 | Meghraj Deobansi | 10,63,254 | 95,69,286 |

| 2 | Surendra Choudhary | 6,50,000 | 58,50,000 |

| 3 | Sumitra Balara | 6,50,000 | 58,50,000 |

| 4 | Anita Rana | 6,50,000 | 58,50,000 |

| 5 | Neha Dhuri | 6,88,125 | 61,93,125 |

| 6 | Turshan Pal Singh Rana | 10,63,254 | 95,69,286 |

| 7 | Krishna Deobansi | 10,63,254 | 95,69,286 |

| 8 | Mahesh Dhuri | 6,91,411 | 62,22,699 |

| 9 | Tapan Ghosh | 3,07,524 | 27,67,716 |

| 10 | Peter Almeida | 9,37,416 | 84,36,744 |

| 11 | Sunil Kumar | 3,07,524 | 27,67,716 |

| TOTAL | | 76,58,508 | 6,89,26,572 |

Financial Terms

The amount of ₹6,89,26,572 represents 75% of the total consideration payable for the conversion of these warrants. The remaining 25% of the total consideration had already been received by the company at the time of the initial warrant allotment on May 16, 2026. The total issue price per warrant was ₹12, comprising a face value of ₹10 and a premium of ₹2 per share.

Share Characteristics

The allotted equity shares will be in dematerialized form and shall rank pari passu with the existing equity shares of the company in all respects, subject to any lock-in restrictions as prescribed under SEBI ICDR Regulations.