Outcome Of The Board Meeting Held On November 07, 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: 07/11/2026 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 Saturday, November 07, 2026 Dear Sir/ Madam, Pursuant to the provisions of Regulation 30 and other applicable provisions, if any, of the SEBI (LODR) Regulations, 2015, we would like to inform you that the Board of Directors of the Company at its meeting held on Saturday, November 07, 2026 at 08:00 PM has inter-alia considered and approved the following: 1. Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026 along with limited Review Reports issued by statutory Auditors of the Company (copy enclosed) 2. 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.2,74,90,779/- and have applied for exercising their rights for conversion of 30,54,531 warrants into equivalent number of Equity Shares. Consequently, the Board of Directors has allotted 30,54,531 Equity Shares of face value Rs. 10/- each to the warrant holder as per following details: 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 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 Manvi Bharat Poojary 9,00,000 81,00,000 18,00,000 Nil 2 Amit Arora 7,00,000 63,00,000 3,07,524 Nil 3 Ravishankar Sarvothaman 14,54,531 1,30,90,779 9,71,775 Nil TOTAL 30,54,531 2,74,90,779 30,54,531 Nil *Amount representing 25% of total consideration payable for 30,54,531 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”. The meeting started at 08:00 PM and concluded at 08:30 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 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors of Velox Shipping and Logistics Limited (Formerly Known As "Velox Industries Limited") 1. We have reviewed the accompanying statement of unaudited Standalone financial results ('the Statement') of Velox Shipping and Logistics Limited (Formerly Known As "Velox Industries Limited") (the Company) for the quarter and half ended September 30, 2026 attached herewith being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. 2. The Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under Section 133 of the Companies Act, 2013 ('the Act') and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relevant circulars issued by the SEBI from time to time. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement is free from material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under Section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Act and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatement. For Bilimoria Mehta & Co Chartered Accountants FRN: 101490W Aakash Mehta Partner Membership no. 165824 UDIN: 26165824JHVBTQ6464 Place of Signature: Mumbai Date: November 07, 2026 Independent Auditor's Review Report on the Quarterly and Year to Date Consolidated Unaudited Financial Results of the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended The Board of Directors of Velox Shipping and Logistics Limited (Formerly Known As "Velox Industries Limited") 1. We have reviewed the accompanying Statement of unaudited consolidated financial results ('the Statement') of Velox Shipping and Logistics Limited (Formerly Known As "Velox Industries Limited") ('the Holding Company') and its Subsidiaries (the Holding Company and its Subsidiaries together referred to as the “the Group”) for the quarter ended and half year ended September 30, 2026 attached herewith being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including relev [Showing first 8,000 characters — download PDF for full document]