Alan Barboza Discloses Sale of 2,00,000 Shares in Flomic Global Logistics Under SEBI Regulations

1 min read     Updated on 28 Mar 2026, 07:36 PM
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Alan Barboza, promoter of Flomic Global Logistics Limited, disclosed sale of 2,00,000 equity shares (1.10% stake) through open market transaction on March 27, 2026. The disclosure complies with SEBI Regulation 29(2) requirements for substantial acquisition reporting. Company's total equity capital remains at 1,81,68,360 shares of Rs. 10 each, listed on BSE under scrip code 504380.

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Alan Barboza, a promoter of Flomic Global Logistics Limited, has disclosed the sale of equity shares under regulatory compliance requirements. The disclosure was made on March 27, 2026, pursuant to Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share sale transaction involved specific quantities and percentages of the company's equity capital. Barboza sold shares through open market operations, maintaining transparency as required under SEBI regulations.

Parameter: Details
Shares Sold: 2,00,000
Percentage of Total Capital: 1.10%
Transaction Mode: Open Market
Transaction Date: March 27, 2026

Company Share Capital Structure

Flomic Global Logistics Limited maintains a consistent equity share capital structure before and after the transaction. The company's shares are listed on BSE Limited under scrip code 504380.

Share Capital Details: Information
Total Equity Shares: 1,81,68,360
Face Value per Share: Rs. 10
Stock Exchange: BSE Limited
Scrip Code: 504380

Regulatory Compliance

The disclosure fulfills mandatory requirements under SEBI takeover regulations for substantial shareholders and promoters. Alan Barboza submitted the necessary documentation to both BSE Limited and the company's management, ensuring proper record-keeping and regulatory compliance.

The transaction maintains the company's total diluted share capital at 1,81,68,360 equity shares of Rs. 10 each, with no impact on the overall capital structure. The disclosure provides transparency regarding promoter shareholding changes as mandated by securities market regulations.

Historical Stock Returns for Flomic Global Logistics

1 Day5 Days1 Month6 Months1 Year5 Years
-0.80%-5.83%-11.88%-29.77%-23.89%+686.95%

What strategic reasons might have prompted Alan Barboza to reduce his promoter stake in Flomic Global Logistics at this time?

How might this promoter share sale impact investor confidence and the stock's trading performance on BSE?

Will other promoters or institutional investors follow suit with similar equity divestments in the logistics sector?

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Flomic Global Logistics Limited Schedules Board Meeting for March 30, 2026 to Consider Independent Director Re-appointment

1 min read     Updated on 21 Mar 2026, 05:15 PM
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Flomic Global Logistics Limited has scheduled a board meeting for March 30, 2026, to consider the re-appointment of Mr. Suresh Salian as Non-Executive Independent Director for a second term of 5 years. The meeting will be held at the company's registered office in Mumbai, with the company notifying BSE Limited in compliance with SEBI regulations. The board will also address any additional matters with appropriate permissions during the meeting.

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Flomic Global Logistics has announced a board meeting scheduled for March 30, 2026, to address key governance matters, particularly the re-appointment of an independent director. The company notified BSE Limited on March 21, 2026, in compliance with regulatory requirements.

Meeting Details and Agenda

The board meeting will be held at the company's registered office located at 205 Enterprise Centre, Off. Nelru Road, Beside Orchid Hotel, Vile Parle (East), Mumbai. The meeting has been convened pursuant to Regulation 29(1)(a) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Parameter: Details
Date: March 30, 2026
Venue: Registered Office, Mumbai
Primary Agenda: Re-appointment of Independent Director
Regulatory Compliance: SEBI LODR Regulation 29(1)(a)

Key Agenda Items

The board will consider two main items during the meeting:

  • Re-appointment of Mr. Suresh Salian: The primary agenda involves considering the re-appointment of Mr. Suresh Salian as a Non-Executive Independent Director of the company for a second term of 5 years
  • Additional matters: Any other business matters that may arise with the permission of the Chair and consent of a majority of directors present, including at least one Independent Director

Regulatory Compliance

The notification was signed by Abhay Shah, Company Secretary Cum Compliance Officer, ensuring proper adherence to corporate governance requirements. The company has committed to sharing the approved results with BSE Limited following the conclusion of the board meeting.

Company Operations

Flomic Global Logistics Limited operates from its registered office in Mumbai and maintains an extensive network of branches across major Indian cities including Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, and Pune, among others. The company holds various industry certifications and memberships including IATA, CHA, WCA, and AEO status.

Historical Stock Returns for Flomic Global Logistics

1 Day5 Days1 Month6 Months1 Year5 Years
-0.80%-5.83%-11.88%-29.77%-23.89%+686.95%

What strategic initiatives might Flomic Global Logistics pursue during Mr. Suresh Salian's second term as Independent Director?

How could the board's governance decisions impact Flomic's expansion plans across its multi-city network in India?

Will Flomic Global Logistics consider adding more independent directors to strengthen its board composition in 2026?

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1 Year Returns:-23.89%