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The Board of Directors of Flomic Global Logistics Ltd, at its meeting held on 30th March 2026, approved three key items. First, the re-appointment of Mr. Suresh Salian as a Non-Executive Independent Director for a second term of 5 years, subject to shareholder approval via postal ballot. Mr. Salian has over 30 years of experience in business management. Second, the Board approved the draft postal ballot notice for seeking this shareholder approval. Third, the Board approved the grant of 4,02,850 equity shares of face value Rs. 10 each under the Flomic ESOP Plan 2025 to eligible employees upon exercise of stock options.
This is a routine governance update with no material red flags. The re-appointment of an existing independent director provides board continuity, while the ESOP grant may lead to mild dilution but aligns employee interests with shareholders. Shareholders will get to vote on the director re-appointment through postal ballot.