Double Dhamaka! Record date announced for 1:1 bonus share & 1:2 stock split: Multibagger logistics stock up over 200% from 52-week low

Globe International Carriers Limited has approved a 2-for-1 stock split, which will change the face value of each equity share from Rs 10 to Rs 5. Following the split, the company will issue bonus shares in a 1:1 ratio. This means that for every single share a shareholder owns, they will receive one additional bonus share. The record date for both the split and bonus issue will be announced later, after shareholder approval is secured at the Annual General Meeting. Ultimately, a shareholder who currently holds one equity share with a face value of Rs 10 will eventually hold four equity shares, each with a face value of Rs 5. The board fixed the record date for the bonus share and stock split as Wednesday, October 15, 2025.

About the Company

Established in 2010, Globe International Carriers Ltd is an Indian company that provides comprehensive transportation and Logistics services. The company specialises in handling cargo and offers a variety of services for both domestic and international shipments, utilising multiple modes of transport. Its services include the movement of all types of industrial goods, full truckload services, supply chain and warehousing management, rail and coastal cargo movement and international freight forwarding. The company also handles customs clearance and offers specialised services like vehicle transportation and goods insurance.

Get started today with DSIJ’s Navratri deal — pay for one, access two!

On Wednesday, shares of Globe International Carriers Ltd plunged 0.03 per cent to Rs 164.6 per share from its previous closing of Rs 164.60 per share. Globe International has a market cap of over Rs 460 crore with a 3-year stock price CAGR of 51 per cent. The stock has given multibagger returns of over 200 per cent from its 52-week low of Rs 52 per share.

Disclaimer: The article is for informational purposes only and not investment advice.