Flomic Global Logistics Limited , a player in the logistics sector, announced a significant change in its leadership team. Mr. Satyaprakash Satyanarayan Pathak has resigned from his positions as Whole-Time Director, Chief Financial Officer (CFO), and Key Managerial Personnel (KMP) of the company.

Resignation Details

According to the company's disclosure to the BSE, Mr. Pathak's resignation will take effect from the closing of business hours on September 25, 2025. Flomic Global Logistics, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has informed the stock exchange about this development.

Reasons for Departure

In his resignation letter, Mr. Pathak confirmed that there are no material reasons for his departure beyond those mentioned in the letter. The company has not disclosed any specific reasons for the resignation in its regulatory filing.

Impact on Directorships

The regulatory filing also noted that Mr. Pathak does not hold directorships in any other listed entities, limiting the impact of his resignation to Flomic Global Logistics Limited.

Company's Response

Flomic Global Logistics Limited has acknowledged Mr. Pathak's resignation and has submitted the necessary disclosures to the BSE. The company's Company Secretary cum Compliance Officer, Abhay Shah, signed off on the regulatory filing, ensuring transparency in the process.

Looking Ahead

As of now, Flomic Global Logistics Limited has not announced any immediate plans for Mr. Pathak's replacement. The company's board and management will likely be focusing on ensuring a smooth transition in the CFO role and maintaining continuity in its financial operations.

This development marks a significant change in Flomic Global Logistics' top management, and stakeholders will be watching closely to see how the company navigates this transition in its financial leadership.

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.