Flomic Global Logistics held its 45th annual general meeting on September 11, 2026. The company convened the meeting via video conferencing to address ordinary and special business items for its shareholders.

The meeting commenced at 4:00 pm and concluded at 4:32 pm. Fifty-five members attended the session through video conferencing or other audio-visual means. The total number of shareholders as on the record date stood at 5,848.

Resolutions Passed

Shareholders voted on four resolutions during the meeting. The voting process included remote e-voting available from September 8 to September 10, 2026, as well as e-voting during the meeting and for 15 minutes after its conclusion.

Mr. Lancy Barboza, Chairman, led the proceedings and welcomed attendees. Mr. Abhinandan Gupta, Chief Financial Officer, presented an overview of the company's business and financial performance for the fiscal year under review.

Mr. Abhay Shah, Company Secretary & Compliance Officer, briefed members on e-voting procedures. He announced that M/s. HD and Associates had been appointed as the scrutinizer to report on voting results in compliance with SEBI Listing Regulations.

The company noted that the requirement for appointing proxies was not applicable. Members were informed that the notice and explanatory statements had been circulated electronically and considered read.

Flomic Global Logistics reported a sharp contraction in profitability for FY26, with net profit falling 91.6% year-on-year to ₹31.01 lakh. The decline followed a 13.7% drop in revenue from operations to ₹4,317.3 lakh, reflecting softer global freight demand and pricing pressures across key logistics segments.

Financial Performance

Revenue from operations stood at ₹4,317.3 lakh in FY26, down from ₹5,001.5 lakh in the previous fiscal year. EBITDA declined to ₹383.6 lakh, with the margin contracting to 8.9% from the prior year's levels. Profit before tax (PBT) fell sharply to ₹69.2 lakh from ₹474.6 lakh in FY25.

The company attributed the revenue decline to fluctuating freight rates and evolving trade patterns. Despite the top-line pressure, management focused on cost optimization and operational efficiency to sustain margins.

What the Numbers Show

A significant divergence exists between the company's operating cash generation and its bottom-line profitability. While net profit fell to ₹31.01 lakh, cash generated from operations rose substantially to ₹5,938.4 lakh, up from ₹2,205.0 lakh in FY25. This improvement was driven largely by a ₹1,717.3 lakh decrease in trade receivables, indicating tighter working capital management and improved collection efficiency despite lower overall sales volumes.

Balance Sheet and Dividends

Total assets decreased to ₹1,781.6 lakh from ₹2,093.5 lakh in the previous year. Lease liabilities, a major component of the balance sheet due to the company's asset-light warehousing model, saw the non-current portion reduce to ₹3,902.7 lakh from ₹5,318.9 lakh.

The Board of Directors did not recommend any dividend for FY26, opting to conserve resources for business stability. In contrast, a final dividend of ₹0.10 per share was paid for FY25.