Description

NSE announces change in ISIN code for Globe International Carriers Limited effective October 15, 2025, following subdivision of equity shares from Rs. 10/- to Rs. 5/-.

Summary

The National Stock Exchange has announced a change in the ISIN code for Globe International Carriers Limited (GICL) effective October 15, 2025. The new ISIN INE947T01022 will replace the existing code following a sub-division of equity shares from face value Rs. 10/- to Rs. 5/-. The new ISIN will be applicable for all trades executed on and from the ex-date of October 15, 2025.

Key Points

  • Company: Globe International Carriers Limited
  • Stock Symbol: GICL
  • New ISIN: INE947T01022
  • Reason: Sub-division of equity shares from Rs. 10/- to Rs. 5/-
  • Effective Date: October 15, 2025 (Ex-date)
  • Circular Reference: NSE/CML/70656, Circular No. 1948/2025

Regulatory Changes

No new regulatory changes introduced. This is a standard corporate action involving share sub-division requiring ISIN modification as per existing securities market procedures.

Compliance Requirements

  • Exchange members must update their systems to reflect the new ISIN code INE947T01022
  • All trades from October 15, 2025 onwards must use the new ISIN
  • Members should ensure proper mapping of old and new ISIN in their back-office systems
  • Depository participants and custodians must process the corporate action in investor demat accounts

Important Dates

  • Circular Date: October 07, 2025
  • Ex-Date: October 15, 2025
  • ISIN Change Effective Date: October 15, 2025

Impact Assessment

Market Impact: Medium - The ISIN change is a routine corporate action resulting from share sub-division. While it requires system updates by all market participants, it does not affect the underlying value of holdings.

Operational Impact: Medium - Trading members, clearing corporations, depositories, and custodians must update their systems before the ex-date to ensure seamless processing of trades and corporate actions.

Investor Impact: Low to Medium - Existing shareholders will see their holding quantity doubled (due to 1:2 sub-division from Rs. 10 to Rs. 5 face value) with proportionate reduction in price per share. The overall investment value remains unchanged. Investors should verify the ISIN update in their demat accounts post-implementation.

Impact Justification

ISIN change affects trading systems and investor holdings but is routine corporate action with clear implementation date