Flomic Global Logistics held its 44th Annual General Meeting (AGM) on September 24, 2025, where shareholders approved several key resolutions, including a dividend payout, an employee stock option scheme, and the appointment of a new secretarial auditor.

Dividend Declaration

Shareholders approved a final dividend of ₹0.10 per equity share for the financial year ended March 31, 2025. The dividend will be paid to shareholders whose names appear in the Register of Members as of the record date, September 17, 2025.

Employee Stock Option Scheme

The company received approval for the Flomic Employee Stock Option Scheme 2025 (Flomic ESOP Scheme 2025). This scheme is designed to attract, retain, and motivate key talent within the company, its holding company, and its subsidiary companies. Key features of the ESOP scheme include:

• Coverage of up to 7% of the company's issued equity share capital as of the date of grant.
• Vesting schedule: Options will vest in equal installments over three years (33.33%, 33.33%, and 33.34%) starting from the third year after the grant.
• Individual employee grants are limited to 1% of issued equity share capital per financial year.
• The exercise price for each vested option will be the average closing market price of the company's shares on Indian stock exchanges as of the grant date, with provisions for potential lower pricing.

Appointment of Secretarial Auditor

M/s. HD and Associates, Practicing Company Secretaries, were appointed as the company's Secretarial Auditor for a term of five financial years commencing from 2025-26. The firm is described as an ICSI-Peer Reviewed firm with well-educated professionals having more than five years of experience in Company Law, SEBI Laws, and FEMA Laws.

Other AGM Proceedings

The AGM, conducted through video conferencing and other audio-visual means, saw the participation of 84 shareholders. All resolutions put to vote were passed with overwhelming majority, including:

1. Adoption of audited financial statements for the year ended March 31, 2025.
2. Reappointment of Mr. Alan Lancy Barboza (DIN: 06981560) as a director, who was retiring by rotation.
3. Approval of the final dividend.
4. Appointment of the new secretarial auditor.
5. Approval of the ESOP scheme.

The e-voting results showed strong support from both promoter and public shareholders across all resolutions.

Flomic Global Logistics continues to focus on shareholder value creation through its dividend policy and employee incentive programs, while ensuring compliance with regulatory requirements through the appointment of experienced auditors.

Flomic Global Logistics Limited has announced a significant change in its top management. Mr. Shaunak Mehta, the company's Chief Business Officer, has tendered his resignation, marking the end of his tenure with the logistics firm.

Resignation Details

According to the company's disclosure, Mr. Mehta's resignation took effect at the close of business hours on September 2, 2025. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Statement

Flomic Global Logistics Limited, in its regulatory filing, stated that there were no material reasons for the resignation beyond those mentioned in Mr. Mehta's resignation letter. The company has not disclosed the specific reasons provided in the letter, maintaining confidentiality around the departure.

Corporate Governance

The disclosure was officially communicated by Mr. Abhay Shah, the Company Secretary Cum Compliance Officer of Flomic Global Logistics Limited. This prompt disclosure aligns with the company's commitment to transparency and adherence to regulatory requirements.

Impact and Future Steps

While the departure of a Chief Business Officer can be significant for any organization, Flomic Global Logistics has not provided any immediate information regarding a successor or the impact on its business operations. Stakeholders and investors will likely be watching closely for any further announcements regarding the company's leadership structure and business strategy moving forward.

As of now, Flomic Global Logistics Limited has not announced any plans for Mr. Mehta's replacement, leaving the company's next steps in filling this crucial position uncertain.

The logistics sector continues to be a dynamic and competitive field, and changes in top management can often signal shifts in company direction or strategy. However, without further details, the full impact of this change on Flomic Global Logistics' operations and market position remains to be seen.