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 Limited has approved a stock split and a bonus issue. Each equity share of face value ₹10 will be split into 2 shares of ₹5, and shareholders will additionally get 1 bonus share for every 1 share held post-split — so effectively, every 1 share of ₹10 will become 4 shares of ₹5. The company has also re-appointed its 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. The company is also expanding its object clause to include solar and renewable energy business, signalling a move beyond its core logistics operations. Shareholder approval will be sought at the AGM on September 20, 2025, and the corporate actions are expected to be completed by October 27, 2025.
The split and bonus will quadruple the share count (paid-up equity rising from ~2.8 crore shares to ~11.2 crore shares of ₹5 each) and improve liquidity, but the underlying value of each shareholder's holding stays the same. The move into solar/renewable energy marks a strategic diversification for this logistics company, which could be a positive long-term signal but also adds execution risk.