GRM Overseas gets nod for significant bonus share issue

GRM Overseas Limited announced on December 18, 2025, that it has received in-principle approval from the Bombay Stock Exchange Limited (BSE) for a bonus issue of 13,81,40,000 equity shares. The shares each have a face value of INR 2. This approval follows a letter from the BSE dated December 17, 2025.

The proposed bonus equity shares will be issued to shareholders in the ratio of 2 new equity shares for every 1 existing equity share held in the company. This move is subject to GRM Overseas fulfilling several conditions, including the submission of a listing application form for the new securities, payment of additional listing fees, and compliance with statutory approvals and regulations.

The in-principle approval is valid up to the time specified in Regulation 295(1) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The allotment of these equity shares will be made exclusively in dematerialized form.