GRM Overseas Allots Bonus Shares in 2:1 Ratio; Paid-Up Capital Rises to ₹36.81 Crore

GRM Overseas has completed the allotment of bonus shares in a 2:1 ratio, effectively increasing the number of shares held by existing investors. Under this bonus issue, shareholders received two additional equity shares for every one share they owned as of the record date.

The company allotted a total of 12.27 crore fully paid-up bonus equity shares with a face value of ₹2 each. Following the allotment, GRM Overseas’ paid-up share capital has risen to ₹36.81 crore, divided into 18.40 crore equity shares of ₹2 each.

In its regulatory filing, the company clarified that the newly issued bonus shares will rank pari passu with existing equity shares, meaning they will carry identical rights in terms of dividends and voting.

The bonus shares have been issued exclusively in dematerialised form. For shareholders who continue to hold physical shares, the bonus shares have been temporarily credited to an unclaimed securities suspense account and will be transferred to their demat accounts after submission of the required documentation, in line with SEBI regulations.

Such corporate actions typically require detailed disclosures, statutory filings and post-issue verification — areas where strong internal controls and auditing services in India play a critical role in ensuring transparency and regulatory compliance.

On the market front, GRM Overseas shares traded slightly higher during Friday’s session. The stock opened at ₹166.50 on December 26, compared to the previous close of ₹165.65. Over the past six months, the stock has gained nearly 38 per cent and has delivered multibagger returns of around 149 per cent on a year-to-date basis.

Financially, the company posted strong second-quarter results for FY26. Revenue rose 16.2 per cent year-on-year to ₹372.1 crore, driven by a sharp 72 per cent surge in exports. Net profit climbed 60.5 per cent to ₹14.8 crore, reflecting improved operating performance.

GRM Overseas is listed on both the NSE and BSE. The stock recently touched a 52-week high of ₹185.55, underlining sustained investor interest following consistent financial growth and shareholder-friendly actions.