New Delhi [India], March 09: GRM Overseas Limited, a leading Indian FMCG company specializing in branded basmati rice and food products, has announced that its Promoter and Managing Director, Atul Garg, has acquired additional equity shares of the company through an open market transaction. The acquisition reflects continued promoter confidence in the company's long-term growth prospects and strategic direction.
According to a regulatory disclosure submitted to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Atul Garg purchased 100,000 equity shares of GRM Overseas Limited on March 5, 2026 through the open market. The transaction was duly reported to both the BSE Limited and the National Stock Exchange of India Limited in compliance with applicable disclosure norms.
Following the acquisition, the total shareholding of the acquirer along with persons acting in concert (PACs) has increased from 12,93,65,952 equity shares (62.43%) to 12,94,65,952 equity shares (62.48%) of the company's total voting share capital. The purchase represents an incremental increase of approximately 0.05% in the promoter group's stake in the company.
The disclosure further states that the acquisition was carried out via an open market transaction and does not involve any encumbrances or additional convertible securities. Persons acting in concert with the acquirer include members of the promoter group such as Mamta Garg, Hukam Chand Garg, and Nipun Jain, who collectively form part of the promoter and management structure of the company.
The increase in promoter shareholding underscores the leadership's confidence in GRM Overseas' growth trajectory as the company continues to expand its branded product portfolio and strengthen its presence in domestic and international markets.
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