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Awaiting price reaction for this filing.
Flomic Global Logistics' board approved several items on August 22, 2025. Mr. Aneish Kumaran Kumar resigned as Non-Executive Independent Director citing personal commitments, triggering a reconstitution of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. The board approved a new 'Flomic ESOP Scheme, 2025' covering up to 7% of issued equity share capital, vesting in three equal tranches over years 3 to 5 from grant date, subject to shareholder approval. A final dividend of Rs. 0.10 per share (1%) was recommended for FY 2024-25, subject to shareholder approval at the 44th AGM on September 24, 2025. The annual report, AGM notice, and scrutinizer (HD & Associates) were also approved.
The independent director exit is routine and committees have been promptly reconstituted, so governance continuity is maintained. The ESOP plan (up to 7% dilution) and modest 1% dividend suggest a small-cap logistics company retaining talent and returning minimal cash to shareholders. Investors should watch for dilution impact once ESOP grants are made.