Globe International Carriers Limited has informed the Exchange regarding allotment of 5,59,77,294 securities pursuant to Bonus at its meeting held on October 16, 2025
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Globe International Carriers Limited has allotted 5,59,77,294 equity securities pursuant to a bonus issue, following its board meeting held on October 16, 2025. The company has informed the stock exchange about this allotment. Bonus shares are additional shares issued free of cost to existing shareholders, typically in a fixed ratio. The specific bonus ratio was not disclosed in the filing headline. This increases the total share count of the company and proportionally raises every shareholder's holding.
For shareholders, this means their total number of shares goes up without any extra cost, though the per-share price usually adjusts downward to reflect the dilution. Short-term stock price may drop on an ex-bonus basis, while total investment value typically stays the same immediately after the allotment.