Flomic Global Logistics Ltd — Important, 03-02-2026: Company Update

Flomic Global Logistics has received an income tax demand of 10.61 Cr for Assessment Year 2020-21. The demand stems from a 35.29 Cr difference noted by the Income Tax Department between HDFC Bank's records and the company's remittances. The company clarifies that HDFC Bank has confirmed its reporting was accurate. Flomic Global Logistics considers this demand unwarranted, describing it as a technical reporting error. The company is appealing the order, anticipating no material financial or operational impact, and expects the demand to be annulled.