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Flomic Global Logistics Limited has issued the notice for its 44th Annual General Meeting to be held on Wednesday, 24th September, 2025 at 12:00 PM through video conferencing. The AGM will consider adoption of audited financial statements for FY 2024-25, reappointment of Mr. Alan Lancy Barboza (Executive Director, son of MD/CEO) who retires by rotation, and declaration of a final dividend of ₹0.10 per equity share (1% of paid-up capital). The record date for dividend eligibility is 17th September, 2025. Two special business items include appointment of M/s HD & Associates as Secretarial Auditor for five years (FY2025-26 to FY2029-30) at a remuneration of ₹1,00,000 plus taxes, and approval of the 'Flomic Employee Stock Option Scheme, 2025' allowing up to 12,71,785 stock options (7% of issued equity capital) convertible into equal number of equity shares for employees and directors (excluding independent directors). E-voting will be open from 21st September to 23rd September, 2025.
Shareholders will receive a small dividend of ₹0.10 per share and can vote on the proposed ESOP scheme which, if approved, could lead to dilution of up to 7% of equity capital over time as stock options are granted and exercised. The reappointment of a family-connected director (son of the MD/CEO) and introduction of a new ESOP plan are key governance points for shareholders to evaluate.