Globe International Carriers Limited has informed the Exchange regarding Outcome of Board Meeting held on August 28, 2025.
GICL · price
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The board of Globe International Carriers (GICL), an NSE SME-listed logistics company, approved two big corporate actions for shareholders: a stock split of 1 equity share of ₹10 into 2 shares of ₹5, and a 1:1 bonus issue. Together, every 1 share held will become 4 shares of ₹5 each (though total value stays the same). The current paid-up capital of ₹27.99 crore (2.8 crore shares) will expand to ₹55.98 crore (11.2 crore shares) after both actions, expected to be completed by October 27, 2025. The board also re-appointed statutory auditor M/s Gourisaria Goyal And Co. for a second 5-year term, appointed M/s CSM & Co. as secretarial auditor for 5 years, and recommended re-appointment of director Mr. Shubham Agrawal. Additionally, the company proposes amending its objects clause to add a new line of business in solar and renewable energy generation, which is a notable diversification from its core logistics business.
The stock split and 1:1 bonus will quadruple the number of shares held, lower the per-share price, and improve liquidity and retail participation — no real change in total wealth for existing shareholders. The move into solar/renewable energy signals a strategic diversification, which could be a positive long-term catalyst but also introduces new execution risks for a logistics-focused company. Short-term price reaction is likely to be mixed; record date for the split will be announced after shareholder approval at the AGM on September 23, 2025.