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.

GRM Overseas Limited has officially announced the launch of its 10X Basmati Rice Suitable for Diabetics on April 21, 2026, marking a significant step in the company's strategy to expand its health-focused product portfolio across domestic and international markets. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Product Features and Market Positioning

The 10X Basmati Rice Suitable for Diabetics combines the aroma, elongation, and taste of premium basmati rice with carefully processed characteristics aimed at supporting better glycaemic management. The product features low GI and high fibre, making it a suitable choice for people seeking healthier, diabetic-friendly products without compromising on quality or taste. This launch addresses the rising demand for healthier dietary choices driven by increasing diabetes prevalence, urban lifestyles, and growing health awareness across markets.

Strategic Vision and Market Opportunity

Speaking about the new product launch, Mr. Atul Garg, Chairperson & Managing Director, highlighted that the introduction marks a significant milestone in GRM's journey towards building a future-ready, health-focused food portfolio. The company is targeting the diabetic food market, which is expected to grow at a CAGR of 6-8% globally and approximately 10% in India in the next few years. He emphasized that this product is a direct response to the growing need for foods that support better lifestyle choices without compromising on taste or quality.

Company Overview and Operational Capacity

GRM Overseas Limited, established in 1974, has evolved from a rice processing and trading house into a consumer staples organisation. The company has developed a market for its rice in 42 countries and ranks among the top 5 rice exporters in India. GRM operates three rice processing units with an overall annual production capacity of 4,40,800 MT, along with strategic warehousing facilities.

Brand Portfolio and Distribution Strategy

GRM sells products under its brands, namely "10X", "Himalaya River" & "Tanoush," and also sells through private label arrangements under customers' brands. The company has endeavoured to reach consumers directly with its brands and products in recent years by placing them on the shelves of several major retailers in India and abroad. This launch reinforces GRM's long-term vision of transforming from a traditional rice exporter into a diversified, consumer-centric global food company, offering products that address modern lifestyle needs while maintaining the highest standards of quality and consistency.