GRM Overseas promoter Atul Garg increases stake to 62.62%

1 min read Updated on 09 Jun 2026, 04:09 PM

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Riya DScanX News Team

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Promoter Atul Garg acquired 1,50,000 equity shares in GRM Overseas Limited on June 08, 2026, via open market transactions. This increased the promoter group's holding from 62.55% to 62.62%. The company's total equity share capital is ₹41,44,20,000.

*this image is generated using AI for illustrative purposes only.

Promoter Atul Garg increased his stake in GRM Overseas Limited by acquiring 1,50,000 equity shares on June 08, 2026. This purchase, executed through the open market, raised the promoter group's total holding to 62.62% of the company's total paid-up equity share capital.

The acquisition was disclosed to the stock exchanges on June 09, 2026, in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirmed that the shares carry a face value of ₹2 each.

Prior to this transaction, the acquirer and Persons Acting in Concert (PAC) held 12,96,14,445 shares, representing 62.55% of the total share capital. Following the acquisition of 1,50,000 shares, the total holding increased to 12,97,64,445 shares. The individuals involved in the promoter group include Atul Garg, Mamta Garg, and Hukam Chand Garg, while Nipun Jain is identified as a Director.

The total equity share capital of GRM Overseas Limited stands at ₹41,44,20,000, divided into 20,72,10,000 equity shares of ₹2 each. The diluted share capital remains unchanged as there are no outstanding convertible securities or warrants.

Shareholding Details

Description	Number of Shares	% of Total Share Capital
Holding before acquisition	12,96,14,445	62.55
Shares acquired	1,50,000	0.07
Holding after acquisition	12,97,64,445	62.62

Historical Stock Returns for GRM Overseas

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-19.24%	-36.31%	-38.90%	-36.53%	-4.16%	-37.83%

Does this acquisition signal the start of a broader trend of further promoter consolidation in the near future?

How might the market interpret this increased promoter confidence regarding the company's upcoming quarterly performance?

Will this stake increase trigger any reassessment of the stock's valuation by major institutional investors?

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GRM Overseas promoter Atul Garg confirms no share encumbrance in FY26

0 min read Updated on 04 Jun 2026, 03:06 AM

Reviewed by

Jubin VScanX News Team

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Promoter Atul Garg declared no encumbrance on GRM Overseas shares in FY26. The disclosure was submitted to stock exchanges on April 7, 2026.

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Promoter Atul Garg confirmed that he did not create any encumbrance on the equity shares of GRM Overseas during the financial year 2025-2026. The disclosure, submitted to the stock exchanges on April 7, 2026, confirms that the shares held directly or indirectly by the promoter remain free of any charges or obligations.

The declaration was filed pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance created on their shareholding during a financial year. Garg confirmed that no such encumbrance was made during the period under review.

The filing was addressed to the General Manager of BSE Limited and the Manager of the National Stock Exchange of India Limited. The BSE scrip code for the company is 531449, while the NSE scrip code is GRMOVER.

A copy of the disclosure was also marked to the Chairman of the Audit Committee of GRM Overseas Limited. The company's registered office is located at 128, First Floor, Shiva Market Pitampura, Delhi 110034.

Historical Stock Returns for GRM Overseas