Globe International Carriers Limited has informed the Exchange that the Board of Directors at its meeting held on August 28, 2025, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 2 equity shares of Rs. 5 each.
GICL · price
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Globe International Carriers Limited (GICL), listed on NSE SME, announced multiple corporate actions approved at its August 28, 2025 board meeting. The company will sub-divide (split) each equity share of face value Rs. 10 into 2 shares of Rs. 5 each, taking issued shares from 2.80 crore to 5.60 crore. It also approved a 1:1 bonus issue of Rs. 5 shares, which would further raise paid-up shares to about 11.20 crore post-split, funded from free reserves and share premium (Rs. 27.99 crore needed for capitalisation). The combined effect is that every 1 share of Rs. 10 held will eventually become 4 shares of Rs. 5. The board also added a new object clause to enter the solar/renewable energy business, re-appointed statutory auditor M/s Gourisaria Goyal & Co. for a second 5-year term, appointed M/s CSM & Co. as secretarial auditor for 5 years, and approved the FY25 directors' report. The record date is yet to be finalised; corporate actions are expected by October 27, 2025, subject to shareholder approval at the AGM on September 20, 2025.
Stock split and bonus are value-neutral actions that usually improve share liquidity and broaden retail participation, but do not change the company's underlying worth. The addition of a solar/renewable energy object clause hints at possible diversification beyond logistics, which investors should watch for further clarity. Short-term stock price may react to the bonus/split announcement once the record date is set.