Pursuant to the provisions of Regulation 32 of the Securities and Exchange Board of India [‘SEBI’] (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD1/162/2019 dated 24 December, 2019 regarding ‘Format on Statement of Deviation or Variation for proceeds of public issue, rights issue, preferential issue, Qualified Institutions Placement (QIP) etc.’, Velox Shipping And Logistics has confirmed that there is no deviation or variation in the use of proceeds of the preferential allotment from the objects stated in the Letter of Offer. A Nil Statement of Deviation, duly reviewed by the Audit Committee of the Company, is given in ‘Annexure A’. The company has raised Rs. 7,62,50,000 through the preferential allotment, which have not been utilized yet during the quarter and year ended 31st March, 2025.
The above information is a part of company’s filings submitted to BSE.
