Globe International Carriers Limited has informed the Exchange that the Board of Directors at its meeting held on October 16, 2025, have considered and approved bonus at the ratio of 55977294 : 55977294, i.e 55977294 Equity Shares for every 55977294 Equity Shares held.
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The Board of Directors of Globe International Carriers Limited, at its meeting held on October 16, 2025, approved a bonus issue of equity shares in the ratio of 55,977,294:55,977,294 — meaning shareholders will receive 1 bonus share for every 1 share they currently hold. This effectively doubles the total number of outstanding equity shares of the company. The bonus shares will be issued out of the company's reserves or securities premium account, subject to shareholder and regulatory approvals. Post-issue, the share count of the company will double, which generally leads to a proportionate reduction in the stock price on the ex-bonus date.
Shareholders will see their shareholding quantity double, but the underlying value of their holding remains unchanged in the short term since the stock price typically adjusts downward on the ex-bonus date. This is a sentiment-positive signal showing the company has sufficient reserves to reward shareholders, though retail investors should not mistake this for a value-creating event.