Description
NSE announces market lot adjustment for Globe International Carriers Limited (GICL) due to 2:1 stock split and 1:1 bonus issue, effective October 15, 2025.
Summary
NSE has announced the adjustment of market lot for Globe International Carriers Limited (GICL) listed on the SME platform due to a simultaneous stock split (2:1) and bonus issue (1:1). The adjusted market lot of 6000 shares will be effective from October 15, 2025. Members must update their trading systems with the revised security files before trading on the effective date.
Key Points
- Company: Globe International Carriers Limited (Symbol: GICL)
- Corporate actions: Stock split in ratio 2:1 and bonus issue in ratio 1:1
- Split adjustment factor: 2
- Bonus adjustment factor: 2
- Final combined adjustment factor: 4 (2 x 2)
- New adjusted market lot: 6000 shares
- Trading platform: SME Platform
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification.
Compliance Requirements
- Members must load the updated security.gz, nnf_security.gz, and MII - Security File.gz files in their trading applications before trading on October 15, 2025
- Files are available from the common/NTNEAT directory on the Extranet server
- MII - Security File.gz is also available on NSE website at https://www.nseindia.com/all-reports
Important Dates
- Circular Date: October 03, 2025
- Ex-Date: Wednesday, October 15, 2025
- Record Date: Wednesday, October 15, 2025
- Effective Date: Wednesday, October 15, 2025
Impact Assessment
Trading Impact: Medium - Trading members dealing in GICL must update their systems before October 15, 2025 to reflect the new market lot of 6000 shares.
Market Impact: The combined 4x adjustment factor (from both split and bonus) will increase the number of shares outstanding and reduce the per-share price proportionally, potentially improving liquidity for this SME security.
Operational Impact: Members need to ensure timely system updates to avoid trading disruptions on the effective date.
Contact Information: Members can reach NSE at toll-free number 1800-266-0050 (Option 1) or email msm@nse.co.in for queries.
Impact Justification
Corporate action affects trading parameters for GICL; medium impact as it's limited to one SME security with technical adjustments required by members before effective date.