Globe International Carriers Limited has informed the Exchange about Copy of Newspaper Publication regarding fixation of Record Date for the purpose of Split and Bonus Issue
GICL · price
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Globe International Carriers Limited (GICL), an NSE SME-listed logistics company, has fixed Wednesday, 15th October 2025 as the Record Date for two corporate actions. First, the company will sub-divide/split each equity share of face value Rs. 10 into 2 equity shares of face value Rs. 5 each. Second, post-split, it will issue bonus shares in a 1:1 ratio, meaning 1 new equity share of Rs. 5 for every 1 existing share of Rs. 5. The combined effect means each original Rs. 10 share will become 4 shares of Rs. 5. The company has published this notice in Financial Express (English) and Business Remedies (Hindi) newspapers on 25th September 2025. Bonus shares will be allotted only in dematerialized form.
For shareholders, the share count will quadruple and the face value will halve, though total holdings remain equivalent in value on the ex-date. Liquidity typically improves post-split, and the bonus issue rewards existing shareholders by increasing their shareholding at no extra cost.