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 announced that its board meeting is scheduled to be held on May 29, 2026. The primary agenda for the meeting, convened under Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is to consider and approve the audited standalone and consolidated financial results of the company for the quarter and financial year ended March 31, 2026.

The meeting will take place at the Corporate Office and Works of the company situated in Village Naultha, Tehsil Israna, Panipat, Haryana. Apart from the financial results, the board will also transact any other business with the permission of the Chairman and the consent of the majority of directors.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, the trading window for designated persons and their immediate relatives has been closed. This closure was effective from April 1, 2026, and will remain in force until the end of 48 hours after the declaration of the audited financial results for the period ending March 31, 2026.

Meeting Details