VSVelox Shipping and Logistics506178Quarterly results

Board outcome: Sep 2026 results, ~30.55 lakh shares allotted on warrant conversion

Velox Shipping and Logistics' board, at its November 07, 2026 meeting, approved unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Sat 7 Nov 2026, 8:52 PM IST · 2 min read

Revenue from Operations (Q2, standalone, Rs lakh)

250.69

Profit After Tax (Q2, standalone, Rs lakh)

82.43

Equity Shares Allotted on Warrant Conversion

~30.55 lakh equity shares of face value Rs. 10/- each, total consideration ~Rs.2.75 crore

Board meeting outcome, November 07, 2026

The board met at 08:00 PM and the meeting concluded at 08:30 PM. Two decisions were taken.

What the board approved

• The unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the limited review reports issued by the statutory auditors, Bilimoria Mehta & Co.
• Allotment of ~30.55 lakh equity shares of face value Rs. 10/- each to warrant holders who converted their convertible warrants into equity shares.

The warrant conversion, step by step

• The convertible warrants had been allotted on a preferential basis to Non-Promoters on May 16, 2026.
• The warrant holders paid the balance of their consideration out of their total obligation of ~Rs.2.75 crore and applied to exercise their right to convert ~30.55 lakh warrants into an equal number of equity shares.
• The board then allotted ~30.55 lakh equity shares of face value Rs. 10/- each to the warrant holders.
• The new shares will be in dematerialised form and will rank pari passu with the existing equity shares of the company in all respects.

Results snapshot (standalone, unaudited, amounts in Rupees Lakhs)

• Revenue from Operation, quarter ended September 30, 2026: 250.69
• Total Income, quarter ended September 30, 2026: 453.36
• Profit after tax, quarter ended September 30, 2026: 82.43
• Total Income, half year ended September 30, 2026: 847.69
• Profit after tax, half year ended September 30, 2026: 178.60

The auditor's review conclusion

The statutory auditor's report is a limited review carried out under SRE 2410, not a full audit, and the auditor states that it does not express an audit opinion on the statement. On the basis of the review, the auditor stated that nothing has come to their attention that causes them to believe that the accompanying statement has not disclosed the information required to be disclosed, or that it contains any material misstatement. The conclusion is given without modification for both the standalone and the consolidated statements. For the consolidated statement, the auditor also relied on the reports of the independent auditors of the subsidiaries.

What a retail investor should take away

• The results are the company's record of a past quarter and half year, reviewed by the statutory auditor; they describe what has happened, not what will happen.
• The conversion turns previously issued warrants into equity shares, so the number of equity shares in issue goes up by 30,54,531, the same number as the warrants converted.
• The allottees are Non-Promoters as stated in the update, and the shares allotted carry the same rights as the existing equity shares.

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