Flomic Global Logistics Limited has submitted revised unaudited financial results for the second quarter and half-year ended September 30, 2025, following BSE's request for the standalone cash flow statement in PDF format. The logistics company reported challenging financial performance with significant losses during the quarter.

Financial Performance Overview

The company's financial performance showed a marked deterioration compared to the previous year. Key metrics demonstrate the challenging operating environment faced by the logistics sector.

Half-Year Results

The six-month performance further highlighted the company's operational challenges. Revenue declined substantially while losses mounted significantly compared to the previous year.

Expense Analysis

The company's expense structure remained elevated despite declining revenues. Operating expenses constituted the largest component, followed by employee benefits and finance costs.

Q2FY26 Expense Breakdown:

• Operating Expenses: ₹8,950.98 crores
• Employee Benefits: ₹1,180.29 crores
• Finance Cost: ₹273.23 crores
• Depreciation and Amortization: ₹695.87 crores
• Other Expenses: ₹378.68 crores

Balance Sheet Position

As of September 30, 2025, the company maintained total assets of ₹19,266.17 crores compared to ₹20,934.71 crores as of March 31, 2025. The equity base remained stable with paid-up equity share capital of ₹1,816.84 crores, while other equity declined to ₹2,441.99 crores from ₹2,870.98 crores.

Cash Flow Statement

Despite operational losses, the company generated positive cash flow from operating activities of ₹1,960.15 crores for the half-year period, compared to ₹315.96 crores in the previous year. However, financing activities resulted in significant cash outflow of ₹2,391.17 crores, primarily due to lease liability payments and interest payments.

Corporate Actions and Notes

The company declared a final dividend of ₹0.10 per equity share for FY25, which was approved at the Annual General Meeting held on September 24, 2025, and paid before October 7, 2025. The company operates in a single business segment, making segment-wise reporting not applicable. The results were reviewed by the Audit Committee and approved by the Board of Directors on November 14, 2025.

Flomic Global Logistics Limited has reported significant financial challenges for the quarter ended September 30, 2025, while simultaneously moving forward with the formal approval process for its recently appointed independent director.

Financial Performance Overview

The company disclosed substantial losses in its second quarter performance, marking a dramatic shift from profitability in the previous year:

The sharp decline in revenue and transition from profit to loss indicates substantial operational challenges during the quarter.

Postal Ballot Process Initiated

Flomic Global Logistics has issued a postal ballot notice dated January 7, 2026, seeking shareholder approval for the appointment of Mr. Anthonypaul Kennedy Chettiar as Non-Executive Independent Director. The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the e-voting process.

E-Voting Timeline and Process

The postal ballot process follows a structured timeline with specific dates for shareholder participation:

Director Profile and Qualifications

Mr. Anthonypaul Kennedy Chettiar brings extensive experience to the board with his comprehensive professional background:

The appointment requires shareholder approval within three months of the board's decision, as mandated by SEBI Listing Regulations. HD and Associates, Practicing Company Secretary, has been appointed as the scrutinizer for the postal ballot process to ensure transparency and fairness in the voting procedure.

The company has made arrangements for both electronic and physical voting modes, with notices being sent electronically to registered shareholders as per regulatory requirements.