Globe International Carriers Limited has informed the Exchange that the Board of Directors at its meeting held on August 28, 2025, have considered and approved bonus at the ratio of 1 : 1, i.e 1 Equity Shares for every 1 Equity Shares held.
GICL · price
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On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.4 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board of Globe International Carriers Limited approved a sub-division (stock split) of equity shares from face value ₹10 to ₹5, effectively splitting each share into 2 shares. Alongside, the Board approved a 1:1 bonus issue, meaning 1 bonus share for every 1 share held. Combined, for every 1 existing share of ₹10, shareholders will eventually hold 4 shares of ₹5 each. The bonus will be funded from free reserves (~₹15.05 crore) and share premium (~₹18.88 crore) as per the March 31, 2025 audited balance sheet. The record date is yet to be finalised after shareholder approval at the AGM, with both corporate actions targeted for completion by October 27, 2025. Additionally, the Board approved re-appointment of the statutory auditor (Gourisaria Goyal And Co.) for a second 5-year term, appointment of a new secretarial auditor (CSM & Co.), re-appointment of director Mr. Shubham Agrawal, and an amendment to the object clause to add renewable/solar energy business.
The combined split and 1:1 bonus is shareholder-friendly — it quadruples the share count (1 → 4 shares) and lowers the per-share price, improving affordability and liquidity, though it does not change the underlying value of holdings. The proposed entry into solar/renewable energy signals a potential diversification beyond the core logistics business, which could be a positive long-term catalyst. Short-term price adjustment on the ex-date is expected.