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Flomic Global Logistics' Board of Directors approved a new Employee Stock Option Scheme called 'Flomic ESOP 2025' on 22nd August 2025. The scheme covers up to 7% of the company's issued equity share capital and is aimed at attracting, retaining, and motivating key talent. The exercise price will be based on the average closing market price on the grant date, and options will vest in three equal installments over the 3rd, 4th, and 5th years from the grant date. The scheme is subject to shareholder approval and complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. No individual employee can receive more than 1% of issued equity capital in options in any financial year.
If approved by shareholders, this ESOP scheme will dilute existing equity by up to 7% when options are exercised, but the staggered vesting over 5 years means dilution will be gradual. The scheme is a positive signal for employee retention but investors should monitor future grants and their impact on earnings per share.