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Awaiting price reaction for this filing.
Flomic Global Logistics Ltd has submitted its 44th Annual Report for FY 2024-25 along with the Notice of the Annual General Meeting to BSE, as required under Regulation 34 of SEBI Listing Regulations. The company operates in logistics services including ocean and air freight forwarding, customs broking, exhibition and event logistics, cross-trade services, and warehousing, with offices and warehouses spread across India. The statutory auditor M/s. Doogar & Associates has issued an unqualified (clean) opinion on the financial statements with no key audit matters reported. No dividend was declared during the year. The company has a working capital limit of Rs 43 crores from ICICI Bank against trade receivables, with minor reconciliation differences noted in quarterly stock statements. A few small tax disputes are pending (Income Tax ~Rs 27.27 lakhs and GST ~Rs 28.17 lakhs). The stock traded in a range of Rs 52.20 to Rs 84.00 during FY 2024-25.
This is a routine regulatory compliance filing and is unlikely to cause any immediate movement in the stock price. Shareholders should review the full annual report for detailed financials, management discussion, and strategic outlook before the AGM.