Description
NSE announces listing and trading of 5,59,77,294 bonus equity shares of Globe International Carriers Limited effective October 17, 2025.
Summary
National Stock Exchange of India has notified the listing and admission to trading of bonus equity shares issued by Globe International Carriers Limited (Symbol: GICL) on the Capital Market segment. A total of 5,59,77,294 new equity shares will commence trading from October 17, 2025, following the record date of October 15, 2025 and deemed allotment date of October 16, 2025.
Key Points
- Company: Globe International Carriers Limited (GICL)
- ISIN: INE947T01022
- Number of bonus shares issued: 5,59,77,294
- Distinctive Number Range: 55977295 to 111954588
- Record Date: October 15, 2025
- Deemed Date of Allotment: October 16, 2025
- Trading commencement: October 17, 2025
- Circular issued under Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for bonus shares pursuant to existing regulations.
Compliance Requirements
- Members must use designated security codes (Symbol: GICL, ISIN: INE947T01022) for trading the securities on the system
- Circular is effective from October 17, 2025
Important Dates
- October 15, 2025: Record Date for bonus issue eligibility
- October 16, 2025: Deemed Date of Allotment of bonus shares
- October 17, 2025: Commencement of trading of bonus shares on NSE Capital Market segment
Impact Assessment
Market Impact: Medium - The bonus issue doubles the outstanding share count (distinctive numbers suggest this is a 1:1 bonus issue, going from approximately 5.6 crore to 11.2 crore shares), which will increase liquidity and may improve price discovery. The stock price will adjust proportionally to reflect the increased share capital.
Shareholder Impact: Positive for existing shareholders who received bonus shares as per the record date. No dilution of ownership percentage but proportional increase in number of shares held.
Trading Impact: Enhanced liquidity expected with doubling of share count. Trading will commence with adjusted base price reflecting the bonus ratio from October 17, 2025.
Impact Justification
Standard bonus issue listing notification affecting existing shareholders of Globe International Carriers Limited. Impacts trading with substantial new shares but routine corporate action.