Flomic Global Logistics Ltd

Flomic Global Logistics Ltd trading window closed from 01 October 2026; opens 48 hours after the Un-Audited Financial Result for the Second Quarter and Half Year Ended 30 September, 2026 become generally available to public.

AGM details

• Date and time: 11 September 2026, 04:00 PM.
• Mode: Video Conferencing and Other Audio-Visual Means.
• Total attendees: 54; shareholders on record: 5848.
• Video attendees: 3 promoters, 51 public.
• Votes of Interested Shareholders excluded; some votes invalid.

Key resolutions and outcomes

• Adoption of Audited Financial Statements approved (Ordinary).
• Reappointment of Satyaprakash Pathak approved by rotation.
• Approval for payment of Guarantee Fee to MD approved.
• Approval for payment of Guarantee Fee to Anita Barboza approved.
• Voting: high approval; minimal opposition across resolutions.

AGM Details

• Date and time: 11 Sep 2026, 04:00 PM, via VC/OAVM.
• Mode and duration: VC/OAVM; 04:00–04:32 PM.
• Remote e-voting: 08–10 Sep 2026; AGM voting 15 minutes after start.
• Attendees: 54 attendees; 5848 shareholders on record.
• Voting results to be declared separately.

Key Resolutions

• Receive, consider and adopt Audited Financial Statements for year ended 31 Mar 2026.
• Appointment by rotation and reappointment of Satyaprakash Pathak.
• Approval for payment of Guarantee Fee to MD Mr. Lancy Barboza.
• Approval for payment of Guarantee Fee to Mrs. Anita Barboza, NED.

Voting Results

• Results not disclosed in filing; to be declared separately.

Related Party Transactions

• Approval of payment of Guarantee Fee to Managing Director.
• Approval of payment of Guarantee Fee to Non-Executive Director Anita Barboza.

Director Changes

• Director changes: Satyaprakash Pathak to retire by rotation and reappoint.

AGM Details

• AGM held on 11 Sep 2026 at 04:00 PM via VC/OAVM.
• Remote e-voting window: 8–10 Sep 2026, 09:00–17:00 IST.
• In-meeting e-voting allowed for 15 minutes after conclusion.
• Quorum present; proxies not applicable.
• Meeting duration: 04:00 PM to 04:32 PM.
• Scrutinizer appointed: M/s HD and Associates.

Resolutions

• Resolution 1 (Ordinary): Adoption of Audited Financial Statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Reappointment of Mr. Satyaprakash Pathak by rotation.
• Resolution 3 (Ordinary): Approval for payment of Guarantee Fee to Managing Director.
• Resolution 4 (Ordinary): Approval for payment of Guarantee Fee to Anita Lancy Barboza.

Voting & Results Status

• Voting results will be declared separately on the company website and exchanges.
• No voting results disclosed in this filing.

Shareholders & Attendees

• Total attendees at AGM: 55; shareholders on record: 5,848.
• VC/OAVM attendees: 3 promoters, 51 public.

Record date and book closure

• Record date for voting entitlements on equity shares; AGM date 11 Sep 2026; book closure 05-11 Sep 2026.

e-voting window

• e-voting window from 08 Sep 2026 09:00 to 10 Sep 2026 17:00.

AGM Details

• Date/time/mode: 11 Sep 2026, 04:00 PM IST, via VC/OAVM.
• Cut-off for voting: 04 Sep 2026.
• Register closure: 05–11 Sep 2026 (inclusive).
• Remote e-voting window: 08–10 Sep 2026, 09:00–17:00 IST.

Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026.
• Reappoint Satyaprakash Pathak as Non-Executive Non-Independent Director.
• Approve guarantee fee to MD Lancy Barboza up to ₹50 Lakh per annum.
• Approve guarantee fee to Anita Lancy Barboza up to ₹50 Lakh per annum.

Voting Results

• Resolution 1 voting result not disclosed.
• Resolution 2 voting result not disclosed.
• Resolution 3 voting result not disclosed.
• Resolution 4 voting result not disclosed.

Dividend

• Dividend: no dividend proposed or declared.

Director Changes

• Pathak reappointment as director.

Related Party Transactions

• Material RPTs: guarantee fees to MD and director; cap ₹50 Lakh annually.

Other Material Approvals

• Other material approvals: none disclosed.

Financial snapshot

• Revenue from operations ₹43,173 lakh, down from ₹50,015 lakh year-earlier.
• EBITDA ₹3,836 lakh with 8.89% margin.
• PAT ₹31 lakh; basic EPS ₹0.17.
• PBT ₹69.23 lakh; tax ₹38.22 lakh; PAT ₹31.01 lakh.
• No dividend proposed for FY25-26; prior final dividend paid for FY25.

Operations and service mix

• Sea export revenue ₹13,918 lakh; air export ₹6,239 lakh.
• Air & Sea import (CCL) ₹3,010 lakh; (FWD) ₹12,486 lakh.
• Warehousing revenue ₹7,521 lakh; shipments 42,628; 5,000+ customers.

Balance sheet and liquidity

• Total assets ₹17,815.9 lakh; equity and liabilities balanced.
• Equity ₹4,715 lakh; retained earnings ₹2,923 lakh.
• Current borrowings ₹2,208 lakh; lease liabilities ₹6,208 lakh; cash ₹1,308 lakh.
• Trade receivables ₹5,895.8 lakh net; credit loss provision ₹275.3 lakh.

Capital structure and cash flow

• Gearing 18.56%; net debt ₹1,074 lakh.
• Net cash from operating activities ₹5,591.45 lakh.
• Investing cash flow ₹69.75 lakh; financing cash flow ₹-5,296.37 lakh.
• Closing cash ₹1,377.78 lakh; opening ₹1,012.95 lakh.

Audit, governance and risks

• Auditors: Doogar & Associates; Secretarial: HD & Associates; no adverse remarks.
• Contingent liabilities: ₹1,996.17 lakh (tax, GST, disputed claims, guarantees).
• Internal controls suitable; ERPs in cloud; risk management framework in place.

Board, governance and people

• Board: 8 directors; 2 executive, 4 independent; Aneish Kumaran Kumar resigned Aug 2025.
• Anthony Chettiar appointed independent director at Nov 2025; Board meetings six times.
• ESOP: Flomic ESOP 2025; 12,71,785 shares approved; 402,850 options granted.

Outlook and strategy

• Strategy: asset-light growth; margin expansion; focus on warehousing and break bulk.
• Industry tailwinds: NLP, PM GatiShakti, DFCs; China-plus-one supports exports from India.
• Risks: currency, regulatory changes, competitive intensity, macro headwinds.

Financial Performance

• Revenue from operations: INR120 crores in Q1 FY27; up 18.4% YoY from INR101.38 crores.
• EBITDA margin: 9.34% in Q1 FY27, up from 6.59% in Q1 FY26 (275 bps).
• PBT: INR2.73 crores; prior-year loss before tax (amount not disclosed).
• PAT: INR2.06 crores vs INR2.98 crores in corresponding quarter.

Segment Update

• Air & Sea Import Forwarding revenue: INR40 crores in Q1 FY27.
• Sea Export revenue: INR33.39 crores.
• Air Export revenue: INR22 crores.
• Warehousing revenue: INR18 crores.
• Air & Sea Import revenue: INR7.42 crores.
• All segments improved vs last year.

Strategy & Technology

• Asset-light model to continue; focus on profitability, cost discipline, and cross-selling.
• Technology as growth enabler; AI-based application started from 1 July.
• Five-year focus: profitable growth, warehousing, project logistics, and integrated solutions.

Outlook & Guidance

• FY27 objective: continue building on momentum while maintaining discipline on cost, working capital, and service quality.
• Expand presence in key Indian hubs; selectively overseas; deepen customer relations.
• Grow margin-accretive businesses: warehousing, project logistics, and specialized logistics.

Q&A Highlights

• Growth outlook: momentum likely to continue for 3–4 quarters; no specific numeric guide provided.
• Freight forwarding is the major driver (~80–85% of business); warehousing and project logistics additive.
• Projects: focus on oil & gas, aerospace; exports to Africa; imports from Germany/China; higher margins.
• Technology & efficiency: AI tool adoption; improves operating leverage; reduces manpower costs.
• Customer concentration: >50% revenue from customers with 3-year relationships; ~52% from existing customers; ~5,000+ active customers.
• Warehousing: margin 15–20% (Ind AS 116 impact); expected to reach ~20% by year-end; 20% target discussed.

Risks & Watchpoints

• Freight-rate volatility and geopolitical dynamics impacting volumes and pricing.
• Execution risk in project cargo and capacity alignment with client timelines.
• Receivables management: targeted collection in 30–60 days.

Meeting Details

• Date: 13 August 2026
• Type: Earnings call (conference call, group)
• Organizer: Flomic Global Logistics Limited
• Purpose: Discuss financial performance for quarter ended 30 June 2026
• Recording: Audio recording available on the company website

Participants

• Key company participant: Company Secretary cum Compliance Officer