Outcome of Board Meeting dated October 15, 2026

VELOX SHIPPING AND LOGISTICS LIMITED (FORMERLY VELOX INDUSTRIES LIMITED) Regd. Office: 902 Filix Commercial Complex, opp Asian Paints L.B.S. Marg, Bhandup Mumbai 400078 Maharashtra, India Ph.: +91 2262536600, 9082267347 Email: veloxindustriesltd@gmail.com CIN: L52242MH1983PLC029364 REF: VELOX/ BSE/ 2026-27 Date: 15/10/2026 The Manager Listing Compliance Department, BSE Ltd., P J Towers, 25th Floor, Dalal Street, Mumbai - 400 001 BSE SCRIP CODE – 506178 Subject: Outcome of Board Meeting held on Thursday, October 15, 2026 Ref.: Intimation under Reg. 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations, 2015”) Dear Sir/ Madam, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company in its meeting held on Thursday, October 15, 2026, inter alia considered and approved the following matters: 1. Allotment of Equity Shares pursuant to conversion of warrants: This is to inform you that Board of Directors of the Company had pursuant to the approval of Shareholders in their Extra-Ordinary General Meeting held on January 08, 2026, read with second corrigendum and addendum in continuation to the notice and explanatory statement dated December 17, 2025, and first corrigendum dated January 01, 2026, had allotted convertible warrants on preferential basis to Non-Promoters on May 16, 2026. Further, we would like to inform that the Warrant Holders have paid the 75% of the balance consideration out of their obligation of total Consideration aggregating to Rs.5,06,79,963/- and have applied for exercising their rights for conversion of 56,31,107 warrants into equivalent number of Equity Shares. Consequently, the Board of Directors has allotted 56,31,107 Equity Shares of face value Rs. 10/- each to the warrant holder as per following details: Sr. Name of Allottee No. of Amount Received Number of Equity No. of No. Convertible (75% of the total Shares allotted warrants Warrants Consideration (in upon conversion pending for Allotted Rs.)* of Warrants conversion 1 Pramila Bharat Poojari 18,00,000 1,62,00,000 18,00,000 Nil 2 Biju Joseph 3,07,524 27,68,000 3,07,524 Nil 3 Uma 9,71,775 87,45,975 9,71,775 Nil 4 Ashish Deobansi 17,51,808 1,57,66,272 17,51,808 Nil 5 Ramendur U Trivedi 8,00,000 72,00,000 8,00,000 Nil TOTAL 56,31,107 5,06,79,963 56,31,107 Nil VELOX SHIPPING AND LOGISTICS LIMITED (FORMERLY VELOX INDUSTRIES LIMITED) Regd. Office: 902 Filix Commercial Complex, opp Asian Paints L.B.S. Marg, Bhandup Mumbai 400078 Maharashtra, India Ph.: +91 2262536600, 9082267347 Email: veloxindustriesltd@gmail.com CIN: L52242MH1983PLC029364 *Amount representing 25% of total consideration payable for 56,31,107 warrants being converted into equity shares was received by the Company at the time of allotment of warrants made May 16, 2026. The allotment of the equity shares shall be made in dematerialized form and the equity shares so allotted shall rank pari passu with the existing Equity Shares of the Company in all respects. The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/ HO/ 49/ 14/ 14(7) 2025-CFDPOD2/ I/ 3762/ 2026 dated January 30, 2026, is enclosed as “Annexure A”. 2. Appointment of Company Secretary and Compliance Office (KMP) of the Company: Pursuant to Regulation 30 and other applicable provisions of the Listing Regulations, we hereby inform that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has, at its meeting held on Thursday, October 15, 2026, inter alia, approved the appointment of Mr. Omkar Prakash Kulkarni (ICSI Membership No. A74067) as Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company with immediate effect The details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoDI/P/CIR/2023/123 dated July 13, 2023 is enclosed as “Annexure B”. The meeting commenced at 12:30 PM and concluded at 01:10 PM. You are kindly requested to take the same on your record. Thanking you. Yours sincerely, FOR VELOX SHIPPING AND LOGISTICS LIMITED (Formerly Velox Industries Limited) SUSHIL SINDHKAR DIRECTOR DIN: 10191316 Place: Mumbai VELOX SHIPPING AND LOGISTICS LIMITED (FORMERLY VELOX INDUSTRIES LIMITED) Regd. Office: 902 Filix Commercial Complex, opp Asian Paints L.B.S. Marg, Bhandup Mumbai 400078 Maharashtra, India Ph.: +91 2262536600, 9082267347 Email: veloxindustriesltd@gmail.com CIN: L52242MH1983PLC029364 Annexure A Disclosure pursuant to Para A of Part A of Schedule III of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with SEBI/HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 Sr. Particulars Disclosures 1 Type of securities Issued Equity Shares having face value of Rs. 10/- (Rupee Ten only) each pursuant to conversion of warrants. Each share being issued shall rank pari passu with existing equity shares of the Company in all respects save as restriction placed under lock in period prescribed as per SEBI ICDR Regulations. 2 Type of issuance Original instruments i.e. Warrants, being converted into Equity shares, were issued through Preferential Allotment by way of Private Placement consequent to obtaining approval of shareholders in the EGM dated January 08, 2026 read with second corrigendum and addendum in continuation to the notice and explanatory statement dated December 17, 2025, and first corrigendum dated January 01, 2026. The warrants were allotted convertible warrants on preferential basis to Non-Promoters on May 16, 2026. 3 Total number of securities proposed Allotment of 56,31,107 (Fifty-Six Lakh Thirty-One to be issued or the total amount for Thousand One Hundred and Seven Only) Equity Shares of which the securities will be issued face value of Rs. 10/- each at a premium of Rs.2/- each, pursuant to conversion of equal number of Warrants allotted and receipt of consideration amounting INR 5,06,79,963 (Rupees Five Crore Six Lakh Seventy-Nine Thousand Nine Hundred and Sixty-Three Only) representing 75% of the total consideration payable towards the said Warrants. The aforesaid amount, together with 25% of the total consideration payable for the said warrants received by the Company at the time of allotment of warrants, constitutes 100% of total consideration payable in respect of 56,31,107 (Fifty-Six Lakh Thirty-One Thousand One Hundred and Seven Only) Warrants being converted into equity shares. Additional information in case of preferential issue: 4(i) Names of the investors Following are the warrant holders whose warrants are being converted into equity shares: 1. Pramila Bharat Poojari 2. Biju Joseph 3. Uma VELOX SHIPPING AND LOGISTICS LIMITED (FORMERLY VELOX INDUSTRIES LIMITED) Regd. Office: 902 Filix Commercial Complex, opp Asian Paints L.B.S. Marg, Bhandup Mumbai 400078 Maharashtra, India Ph.: +91 2262536600, 9082267347 Email: veloxindustriesltd@gmail.com CIN: L52242MH1983PLC029364 4. Ashish Meghraj Deobansi 5. Ramendur U Trivedi 4(ii) Post allotment of securities: Pursuant to this allotment, the paid-up share capital of Outcome of the subscription the Company is increased to Rs. 23,04,17,950/- divided into 2,30,41,795 equity shares having face value Rs.10/- each. Issue price/ allotted price (in case of Issue Price: Rs.12/- Per warrant convertibles) Subscription Price: Rs.3/- Per warrant (25% of Issue Price) Conversion Price: Rs.9/- Per warrant (75% of Issue Price) Number of investors 5 (Five) 4(iii) In case of convertibles intimation on The 56,31,107 (Fifty-Six Lakh Thirty-One Thousand One conversion of securities or on lapse of Hundred and Seven Only) warrants being converted into the tenure of the instrument; equity shares were eligible for conversion for [Showing first 8,000 characters — download PDF for full document]