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Awaiting price reaction for this filing.
Flomic Global Logistics has received in-principle approval from BSE to issue up to 12,71,785 equity shares of Rs. 10 each under its 'Flomic ESOP Scheme 2025'. These shares will be allotted to employees when they exercise their stock options granted under the company's employee stock option plan. The approval is subject to standard conditions including payment of fees, statutory approvals, and compliance with SEBI's Share Based Employee Benefits Regulations, 2021. The actual listing and trading of these shares will happen only after they are allotted and necessary post-allotment filings are made with the exchange.
This is a routine regulatory step enabling the company to issue shares to employees under its ESOP. It will lead to a small dilution of existing shareholders' equity once the options are exercised, but is a normal employee compensation mechanism and not a negative signal.