GRM Overseas Limited Announces Allotment of Equity Shares to Promoter Group Following Warrant Conversion

Mumbai (Maharashtra) [India], February 11: GRM Overseas Limited (BSE: 531449 | NSE: GRMOVER), a leading player in the agro-processing and food grains sector, has announced the allotment of 37,14,000 equity shares of face value ₹2 each to members of its promoter group and persons acting in concert. The allotment has been completed pursuant to the conversion of previously issued warrants along with reserved bonus shares, in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure has been duly submitted to both the Bombay Stock Exchange and the National Stock Exchange.

Following this allotment, the aggregate shareholding of the promoter group and persons acting in concert stands at 12,93,65,952 equity shares, representing approximately 62.43% of the company's total diluted share capital. The increase reflects the promoters' continued confidence in the company's long-term growth outlook and demonstrates their sustained commitment to strengthening ownership alignment with shareholder interests.

The equity shares were allotted on February 6, 2026, through a preferential allotment process. These newly issued shares rank pari passu with the existing equity shares in all respects, including voting rights and dividend entitlement. Consequent to the allotment, the company's paid-up equity share capital has increased from ₹36.81 crore (18,40,56,000 shares) to ₹41.44 crore (20,72,10,000 shares). The issuance arises from warrants originally allotted in August 2024, which were convertible within 18 months, and also incorporates bonus shares issued in a 2:1 ratio as approved by shareholders at the Extraordinary General Meeting held in December 2025.

About GRM Overseas Limited
GRM Overseas Limited is engaged in the processing and marketing of branded and non-branded basmati rice and other food products, serving domestic and international markets with a focus on quality, innovation, and supply chain excellence.
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