VELOX SHIPPING TERMINATES DUBAI INVESTMENT

• Velox Shipping and Logistics Limited mutually terminated its proposed investment in Consolidated Container Shipping Line LLC, Dubai. • The termination agreement was executed on October 01, 2026. • The proposed investment involved acquiring 98% ownership interest for INR 5,00,00,000. • Reasons for termination include prevailing geopolitical, security, commercial, financial, operational, legal, and strategic considerations. • The company will have no further obligation or payment towards the proposed transaction.

Velox Shipping and Logistics Ltd

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