Velox Shipping & Logistics board approved preferential allotment of 2.83 crore convertible warrants at ₹12 each to 35 non-promoter investors.
Company received ₹8.5 crore as 25% warrant subscription amount, with balance ₹9 per warrant payable upon conversion to equity shares.
Allotment follows shareholder approval from December 2025 and BSE in-principle approval received on March 13, 2026.
Each warrant converts to one equity share of ₹10 face value as per SEBI ICDR Regulations 2018 requirements.