Flomic Global Logistics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2025 ,inter alia, to consider and approve Dear Sir/ Madam, In ....
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Flomic Global Logistics has informed BSE that its Board of Directors will meet on 26 May 2025. The main agenda items are: (1) to consider and approve the audited financial results for the fourth quarter and full financial year ended 31 March 2025, and (2) to consider and approve an amendment to the Articles of Association to add enabling provisions for issuing shares under an Employee Stock Option Plan (ESOP). Any other matter with the Chair's permission may also be taken up. The trading window for dealing in the company's shares remains closed until 48 hours after the audited results are announced.
Investors should watch for the Q4 and FY25 audited results on/after 26 May, as these will reveal the company's full-year performance. The proposed ESOP amendment signals the company's intent to introduce an employee stock option scheme, which could lead to future equity dilution but also align management and employee incentives with shareholders.