Flomic Global Logistics Limited has received a significant Income Tax demand notice from the tax authorities, prompting the company to inform the stock exchange and outline its response strategy.

Tax Demand Details

The logistics company received a Notice of Demand under Section 156 of the Income Tax Act, 1961, from the Income Tax Department's Assessment Unit. The notice pertains to Assessment Year 2020-21 and carries substantial financial implications for the company.

Company's Response Strategy

Flomic Global Logistics has outlined a clear course of action in response to the tax demand. The company expressed strong disagreement with the assessment and announced its intention to challenge the order through legal channels.

The company's planned response includes:

• Initiating appropriate legal remedies against the order
• Filing an appeal against the demand
• Challenging the assessment on grounds of merit

Management's Position

The company's management has taken a firm stance regarding the tax demand. In the official communication to BSE Limited, Flomic Global Logistics characterized the demand as "unwarranted and without merit," indicating confidence in their tax compliance and record-keeping.

Regulatory Compliance

The company fulfilled its disclosure obligations by formally notifying BSE Limited about the tax demand through an official intimation dated February 2, 2026. The communication was signed by Abhay Shah, Company Secretary cum Compliance Officer, ensuring proper corporate governance protocols were followed.

Business Operations Context

Flomic Global Logistics operates as a comprehensive logistics service provider with an extensive network across India. The company maintains branches in major commercial centers including Mumbai, Delhi, Bengaluru, Chennai, Kolkata, and numerous other strategic locations, positioning it as a significant player in the Indian logistics sector.

Flomic Global Logistics Limited has announced its unaudited financial results for the third quarter and nine months ended December 31, 2025. The Board of Directors approved these results during their meeting held on January 28, 2026, which commenced at 06:30 P.M. and concluded at 07:45 P.M.

Financial Performance Overview

The company's financial results present a mixed picture for the reporting period. While the third quarter showed profitability, the nine-month performance reflected challenges in maintaining consistent earnings throughout the period.

Nine-Month Performance Analysis

The nine-month results revealed significant challenges compared to the previous year. Revenue from operations declined to ₹32371.18 lakhs from ₹38191.10 lakhs in the corresponding period of the previous year. The company reported a net loss of ₹321.87 lakhs for the nine months ended December 31, 2025, compared to a profit of ₹176.12 lakhs in the same period last year.

Expense Structure and Cost Management

The company's expense breakdown shows operating expenses as the largest component, totaling ₹8394.74 lakhs for Q3FY26 compared to ₹10752.08 lakhs in Q3FY25. Employee benefits expenses increased to ₹1132.83 lakhs from ₹1106.82 lakhs year-on-year. Finance costs decreased significantly to ₹256.36 lakhs from ₹350.99 lakhs in the corresponding quarter of the previous year.

Tax Position and Other Comprehensive Income

The company reported a net tax benefit of ₹7.86 lakhs for Q3FY26, primarily due to deferred tax benefits of ₹25.67 lakhs, offset by income tax adjustments of earlier years amounting to ₹17.81 lakhs. Other comprehensive loss for the quarter stood at ₹5.84 lakhs, resulting in total comprehensive income of ₹71.44 lakhs.

Regulatory Compliance and Audit Review

The financial results were subjected to limited review by statutory auditors Doogar & Associates, Chartered Accountants. The auditors confirmed that the results were prepared in accordance with Indian Accounting Standard 34 and disclosed the required information under SEBI regulations. The company maintains its paid-up equity share capital at ₹1816.84 lakhs with a face value of ₹10 per share.