Bonus shares of THIS company on the radar ahead of key board meeting, company issues statement, asks stock exchange to…
Stock market update: FMCG company GRM Overseas Ltd. informed the exchange in an after-market filing on Monday that its board members would meet on Tuesday, December 9, 2025 to take a decision on the proposal to issue bonus shares in this meeting. At the time of writing this news, the company’s stock was trading at Rs 468.70, down 0.94% or Rs 4.45 on the BSE, while on the NSE the stock was trading at Rs 469, down 0.46% or Rs 2.15.
The company said in an exchange filing that the EGM will focus on increasing the authorised share capital and issuing bonus shares. GRM Overseas intends to increase its authorised share capital from ₹20 crore to ₹45 crore.
The board will also decide on the allotment of bonus shares at this meeting. The company said that the bonus shares will be issued in the ratio of 2:1 – that is, two bonus shares will be issued for every one share. The board will also fix a separate record date for this.
GRM Overseas has reported a 61% year-on-year increase in its consolidated net profit for Q2FY26. The company’s net profit stood at ₹14.83 crore, a significant increase compared to the previous year.
In the July-September quarter, the company recorded consolidated revenue of ₹333.43 crore, driven by strong operational performance and margin improvement. EBITDA margin for the quarter stood at 7.32%. The company had reported consolidated net sales of ₹1,348.19 crore and net profit of ₹61.24 crore in FY2025.
Initially, the company was engaged in rice processing and trading, but now it is transforming into a consumer staples company.
In its early years, GRM exported its rice primarily to the Middle East and the United Kingdom. Gradually, it has expanded its rice market to 42 countries and today ranks among India’s top 5 rice exporters.
(With PTI inputs)
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