GRM Overseas announces 2:1 bonus share issue, boosts capital

GRM Overseas Limited's board of directors, in a meeting on November 13, 2025, approved a 2:1 bonus share issue, granting two fully paid-up equity shares for every one existing share. This is subject to shareholder approval and will be implemented from free reserves and/or share premium account, requiring Rs. 27,62,80,000 for implementation. The actual number of bonus shares to be issued will be determined based on the record date, with shares expected to be credited/dispatched by January 12, 2025.

The company also resolved to increase its authorized share capital from Rs. 20,00,00,000 to Rs. 45,00,00,000, divided into 22,50,00,000 equity shares of Rs. 2/- each. This move, along with the bonus issue, necessitates an alteration in Clause V of the Memorandum of Association, subject to shareholder approval. The board also approved the appointment of Sumit Mittal as a non-executive independent director for five years and accepted the resignation of Raj Kumar Garg.

The unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, were also approved, showing a consolidated net profit of Rs. 1,476.10 lakhs for the quarter and Rs. 3,385.25 lakhs for the half-year. Total comprehensive income for the quarter was Rs. 1,461.84 lakhs, and for the half-year, it was Rs. 3,311.63 lakhs.