GRM Overseas Limited has secured trading approval for 2,31,54,000 equity shares following the conversion of warrants and a bonus issue, with trading scheduled to commence on May 27, 2026. The approval, granted by the National Stock Exchange of India Limited and BSE Limited on May 26, 2026, covers shares issued to promoters and non-promoters on a preferential basis as well as bonus shares allotted in a 2:1 ratio on the underlying securities. This development increases the company's equity base and enhances liquidity for shareholders.

The issuance comprises 77,18,000 equity shares allotted to promoters and non-promoters on a preferential basis pursuant to the conversion of warrants. Additionally, 1,54,36,000 bonus equity shares were allotted in the ratio of 2:1 on the aforementioned preferential shares. All shares carry a face value of Rs. 2/- each. The preferential allotment was issued at a premium of Rs. 148/- per share, as detailed in the regulatory filings.

The National Stock Exchange confirmed the listing of 23,154,000 equity shares under the symbol GRMOVER, series EQ. The distinctive numbers for the listed securities range from 184056001 to 207210000. The exchange noted that critical price-sensitive information and other submissions must be provided through the NSE Electronic Application Processing System (NEAPS) to ensure efficient processing.

Lock-in restrictions apply to a portion of the newly issued shares. According to the annexure provided by the National Stock Exchange, 36,24,000 shares are locked in until November 30, 2027, while 1,95,30,000 shares are locked in until November 30, 2026. These restrictions are standard for preferential allotments to ensure promoter commitment and stability.

The BSE, in its communication, referenced Notice No. 20260526-21 dated May 26, 2026, informing trading members about the listing of the securities. The exchange confirmed that the shares, including the preferential allotment and bonus issue, are listed effective from Wednesday, May 27, 2026. The company's board and compliance officers have ensured all regulatory disclosures under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 were met prior to the listing.

GRM Overseas Limited has disclosed the voting results of its Extra-Ordinary General Meeting (EGM) held on May 02, 2026, through video conferencing. Both special resolutions presented before shareholders were passed with overwhelming majority, demonstrating strong shareholder support for the company's governance initiatives.

Meeting Overview and Participation

The EGM was conducted from 12:30 P.M. to 01:02 P.M. (IST), with Mr. Atul Garg, Managing Director, presiding as Chairman. A total of 158 members attended through video conferencing, comprising 3 from the promoter group and 155 from public shareholders. The record date for determining voting rights was April 25, 2026, with 23,112 total shareholders on record.

Voting Results Summary

Remote e-voting was conducted through the NSDL platform from April 29, 2026, at 9:00 A.M. IST to May 01, 2026, at 5:00 P.M. IST. The scrutinizer's report confirmed that both resolutions received the requisite majority for passage. The table below presents the consolidated voting outcomes for both resolutions.

Resolution Details

Resolution 1: Alteration in Object Clause of Memorandum of Association

The special resolution to approve alteration in the Object Clause of the MOA received 187 members voting in favour with 136,640,312 votes, while 3 members voted against with 3,939 votes. Based on the total number of valid votes cast, the resolution passed with 98.42% of valid votes in favour.

Resolution 2: Re-appointment of Mrs. Nidhi as Independent Director

The special resolution for re-appointment of Mrs. Nidhi (DIN: 09270573) as Independent Director received 187 members voting in favour with 136,708,798 votes, while 4 members voted against with 4,089 votes. Based on the total number of valid votes cast, the resolution passed with 97.90% of valid votes in favour.

Regulatory Compliance

Mr. Sachin Narang, Company Secretary & Compliance Officer (Membership No.: 65535), facilitated the proceedings ensuring full compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting results and scrutinizer's report have been posted on the company's website at www.grmrice.com and the NSDL website. The meeting was conducted in accordance with MCA and SEBI circulars regarding virtual meetings.