Globe International Carriers Limited has informed the Exchange regarding Notice of Postal Ballot
GICL · price
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Globe International Carriers Limited, currently listed on the NSE Emerge SME platform since October 2016, is seeking shareholder approval via postal ballot for two key items. First, a Special Resolution to migrate from the NSE Emerge SME platform to the Main Board of NSE, as the company meets the eligibility criteria (market cap of over Rs. 330 crore, paid-up capital of Rs. 27.99 crore, and net worth exceeding Rs. 75 crore). Second, an Ordinary Resolution to double the authorized share capital from Rs. 30 crore (3 crore equity shares of Rs. 10 each) to Rs. 60 crore (6 crore equity shares of Rs. 10 each), with a corresponding amendment to the Memorandum of Association. The remote e-voting window is from August 8, 2025 to September 6, 2025, with results to be announced on or before September 9, 2025. The cut-off date for eligibility is August 1, 2025.
Migration to the Main Board could improve liquidity, visibility, and retail investor participation in the stock, potentially attracting a broader investor base. The doubling of authorized share capital gives the company room to raise additional funds in the future for business expansion, which could lead to dilution if new shares are issued.