GRM Overseas Limited board of directors approved the annual report and director’s report for the financial year ended March 31, 2026. The company also finalized the schedule for its 32nd Annual General Meeting.

The board meeting took place on August 27, 2026, at the corporate office in Panipat, Haryana. Directors approved the draft notice for the AGM, which will be held on Tuesday, September 29, 2026. The meeting will be conducted through video conferencing or other audio-visual means, allowing remote participation for shareholders.

Key Corporate Actions

The board outlined several procedural steps leading up to the general meeting:

• AGM Date: September 29, 2026
• Mode: Video Conferencing / Other Audio Visual Means
• Share Transfer Closure: September 23, 2026 to September 29, 2026 (both days inclusive)
• Scrutinizer: Mr. Devesh Arora, Practising Company Secretary

Mr. Devesh Arora, proprietor of M/s Devesh Arora and Associates, was appointed as the scrutinizer to oversee the remote e-voting process and voting at the AGM. His role ensures a fair and transparent voting procedure.

Fund Utilization Variation

The board also approved a variation in the objects relating to the utilization of funds from a preferential issue. This change requires further approval from shareholders via a special resolution. The original preferential issue was approved by shareholders on July 13, 2024.

Document Distribution

The notice for the 32nd AGM, along with the annual report for FY25-26, will be sent electronically to all members. This distribution targets shareholders who have registered their email addresses with the company, the Registrar and Transfer Agent, or their Depository Participants.

The annual report contains the financial statements and other statutory reports for the year ended March 31, 2026. Investors can also access this information on the company’s website.

Grm Overseas reported a consolidated net profit of ₹2,140.28 lakh for the quarter ended June 30, 2026, an increase of 10.2% from ₹1,909.15 lakh in the same period of FY25. Consolidated revenue from operations expanded by 30.5% to ₹42,651.44 lakh, up from ₹32,677.95 lakh in Q1FY25. Operating profitability also strengthened, with EBITDA rising to ₹355 million from ₹240 million in the prior year, pushing the EBITDA margin to 8.33% from 7.33%.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 12, 2026. The results were subjected to a limited review by the statutory auditors, Mehra Goel & Co LLP, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Segment Performance

The company’s business activities are divided into three segments: Food Items, Edible Oil, and Others. The Food segment remained the primary driver of profitability, while the Edible Oil segment continued to operate at a loss.

Food segment revenue grew 27.1% to ₹37,412.07 lakh, with segment results more than doubling to ₹3,182.02 lakh from ₹1,956.80 lakh. In contrast, the Edible Oil segment saw revenue surge 61.6% to ₹5,228.56 lakh, yet the segment result deteriorated to a loss of ₹32.36 lakh from a loss of ₹3.97 lakh in the prior year.

Standalone Results

On a standalone basis, Grm Overseas reported a net profit of ₹1,857.11 lakh, up from ₹1,631.99 lakh in Q1FY25. Standalone revenue from operations increased 30.5% to ₹33,412.35 lakh from ₹25,592.55 lakh.

Total comprehensive income attributable to controlling interest stood at ₹2,084.86 lakh for the consolidated entity, compared to ₹1,835.13 lakh in the previous year. Earnings per share (basic) were ₹0.51 for the quarter, down from ₹3.11 in Q1FY25, following the restatement due to a 2:1 bonus share issue approved in the previous financial year.

What the Numbers Show

The expansion in EBITDA margin to 8.33% from 7.33% underscores improved operating leverage despite the widening loss in the Edible Oil segment. While overall profitability improved, the divergence between revenue growth and margin performance in the Edible Oil segment warrants attention. Revenue in this segment jumped 61.6%, yet the absolute loss widened significantly from ₹3.97 lakh to ₹32.36 lakh. This suggests that cost pressures or pricing dynamics in the edible oil business did not scale favorably with the volume or value growth during the quarter, contrasting sharply with the robust margin expansion seen in the core Food segment.

The company noted that the impact of the new Labour Codes, effective from November 21, 2025, is not material to the financial results based on current assessments. The auditors highlighted that one subsidiary’s interim results, reflecting revenue of ₹11,602.20 lakh, were reviewed by other auditors, while another subsidiary’s unaudited figures were deemed immaterial to the group.