GRM‍‌‍‍‌‍‌‍‍‌ Overseas Board Approves 2:1 Bonus Issue, December 9 EOGM to be Shareholder Vote

New Delhi, November 18, 2025: The Board of Directors of GRM Overseas Limited (NSE: GRMOVER | BSE: 531449) has approved a 2:1 bonus share issue. An Extra-Ordinary General Meeting will be held on December 9, 2025, for shareholders to vote on the proposal, as detailed in the company’s official EOGM notice released on Tuesday.

GRM Overseas Limited is an agro-processing and FMCG player in the business of rice milling and branded food products with popular brands such as 10X, Tanoush Organic, Benti, and Himalaya River. The company caters to markets both in the country and abroad through NSE and BSE ‍‌‍‍‌‍‌‍‍‌platforms.

Bonus Issue and Capitalisation Plan

The Board approved the issue of two fully paid-up equity shares of face value ₹2 for every existing equity share held by the shareholders. To implement the bonus issue, the company will capitalise approximately 27.63 crores from its securities premium account and other eligible reserves. All the bonus shares will be issued only in dematerialised form and shall rank at par with the existing equity shares. The record date shall be decided after the passing of the resolution at the EOGM.

Stock Market Reaction

Despite the announcement of a 2:1 bonus issue, the share price of GRM Overseas fell 0.71% to ₹467.80 as of 12:28 pm IST. The stock opened at ₹474.60, touched a high of ₹474.60 and a low of ₹465.00 during the session. The company’s market capitalisation stood at ₹2,870 crore, with a P/E ratio of 54.24. Its 52-week high and low are ₹489.00 and ₹175.90, respectively. No dividend was declared for the quarter.

EOGM Agenda and Voting Period

The company announced that the EOGM will be held online on Thursday, December 9, 2025, at 12:30 PM IST. The matters to be transacted at the EOGM will include voting on the bonus issue, an increase in the authorised share capital, and the appointment of a new independent director. The remote e-voting will be operational from December 6 to December 8, providing more shareholders the opportunity to take part in the meeting.

Increase in Authorised Capital

GRM Overseas plans to expand its authorised share capital to accommodate the bonus shares. The company’s reserves are expected to increase from ₹20 crore to ₹45 crore. Consequently, the number of equity shares will rise from 10 crore to 22.5 crore, reflecting the company’s strategic objectives. Additionally, an equivalent number of bonus shares will be issued to holders of convertible warrants to maintain the balance after conversion.

Strategic Rationale and Governance Update

The explanatory statement attached to the notice stated that the bonus issue aims to provide shareholders with dividends, enhance stock liquidity, and demonstrate the company’s financial stability. The Board also highlighted its commitment to fostering long-term trust to support sustained growth. Additionally, shareholders will vote on the appointment of Mr. Sumit Mittal as a Non-Executive Independent Director for a five-year term starting November 13, 2025.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/da481ed1-df41-4f8d-b271-5caf3445f45d.pdf

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