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.

Flomic Global Logistics Ltd , a prominent player in the logistics sector, has taken a significant step towards enhancing employee engagement and retention. In a recent Extraordinary General Meeting (EGM), the company's shareholders overwhelmingly approved amendments to the Articles of Association, paving the way for the implementation of an Employee Stock Option Plan (ESOP).

Key Highlights of the EGM

• Date and Venue: The EGM was held on July 25, 2025, via video conferencing, adhering to regulatory guidelines.
• Shareholder Participation: Out of 6,318 total shareholders, 79 members attended the virtual meeting.
• Voting Results: The special resolution for amending the Articles of Association received strong support, with 87.19% votes in favor and 12.81% against.
• Voting Details:
  • Total votes polled: 1,45,41,723
  • Votes in favor: 1,26,79,320
  • Votes against: 18,62,403

Significance of the Amendment

The approved amendment to the Articles of Association is a crucial step for Flomic Global Logistics. It enables the company to issue shares under an Employee Stock Option Plan, a move that could significantly boost employee motivation and align their interests with the company's long-term success.

Voting Breakdown by Shareholder Category

Meeting Proceedings

The EGM, chaired by Mr. Lancy Barboza, commenced at 12:30 PM and concluded at 12:48 PM. Mr. Abhay Shah, the Company Secretary and Compliance Officer, briefed the shareholders on e-voting procedures and other participation details. The company had provided remote e-voting facilities from July 22 to July 24, 2025, and also allowed e-voting during the meeting and for 15 minutes after its conclusion.

M/s. HD and Associates, Company Secretaries, were appointed as the scrutinizer to oversee the voting process and report on the results.

Looking Ahead

With this approval, Flomic Global Logistics is set to introduce its ESOP, potentially enhancing its ability to attract and retain top talent in the competitive logistics industry. The strong shareholder support for this initiative indicates confidence in the company's strategic direction and commitment to aligning employee interests with corporate goals.

As the logistics sector continues to evolve, particularly in the wake of global supply chain challenges, Flomic Global Logistics' move to implement an ESOP could prove to be a significant factor in maintaining its competitive edge and driving long-term growth.