Scrutinizer Report of 44th AGM
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Flomic Global Logistics held its 44th AGM on 24th September 2025 via video conferencing, with 84 members attending out of 6,310 total shareholders on record. All 5 resolutions were passed with overwhelming majority (99.99% in favour). Key approvals included adoption of FY25 audited financial statements, reappointment of Mr. Alan Lancy Barboza as director (retiring by rotation), declaration of dividend for FY25, appointment of HD & Associates as Secretarial Auditor, and approval of the new Flomic Employee Stock Option Scheme 2025 (ESOP). Total shares outstanding were 1.81 crore, with around 80.9% of shares participating in voting on most resolutions. Promoter group held 1.26 crore shares (69.2% stake) and voted in favour on all non-conflicted resolutions.
Shareholders can expect the FY25 dividend to be paid out shortly, and continuity in board and secretarial audit is confirmed. Approval of the new ESOP Scheme means the company may issue stock options to employees in the future, which could lead to mild equity dilution over time — something small shareholders should watch when evaluating their ownership percentage.