Velox Shipping and Logistics Limited has formally notified BSE Limited that the disclosure requirements for related party transactions under Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are not applicable to the company for the half year ended September 30, 2026.
The company claims exemption under Regulation 15(2) of SEBI LODR Regulations, which states that corporate governance provisions shall not apply to listed entities having paid-up equity share capital not exceeding ₹10.00 crores and net worth not exceeding ₹25.00 crores as on the last day of the previous financial year.
As of March 31, 2026, the company's financial position was:
- Paid-up capital: ₹797.40 lakhs (₹7.974 crores)
- Net worth: ₹831.99 lakhs (₹8.3199 crores)
Both figures are below the regulatory thresholds specified in Regulation 15 of SEBI LODR Regulations, 2015. The company has committed to comply with these regulations within six months from the date the provisions become applicable if the financial thresholds are exceeded in the future.
The communication was digitally signed by Sushil Sindhkar, Director (DIN: 10191316), on November 7, 2026, from Mumbai.
Financial Impact
No financial impact disclosed as this is a compliance exemption notification.