Velox Shipping & Logistics LtdBSE: VELOX

Statement On Deviation Or Variation In Utilization Of Funds Raised By The Company

· Issued by Velox Shipping & Logistics Ltd via BSE India

Filed with BSE · · 4 pages · English

Summary by 6ix AI

Velox Shipping & Logistics Ltd has filed a statement regarding the deviation in the utilization of funds raised through a preferential allotment of equity shares. The filing confirms that there has been a partial deviation from the intended use of the funds, which was reviewed by the Audit Committee. The company raised funds through a preferential allotment and the report details how these funds have been partially utilized and the reasons for the deviation.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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