GRM Overseas Limited successfully conducted its Extra-Ordinary General Meeting (EGM) on December 09, 2025, securing shareholder approval for significant corporate restructuring initiatives. The meeting was held through video conferencing from 12:30 PM to 01:01 PM IST, with 183 shareholders participating in the voting process.

Key Resolutions Approved

Shareholders overwhelmingly approved three critical resolutions that will reshape the company's capital structure and governance framework:

Capital Structure Enhancement

The most significant development was the approval to increase the company's authorized share capital from ₹20.00 crores to ₹45.00 crores, representing a substantial 125.00% increase. This expansion will provide GRM Overseas with enhanced financial flexibility for future growth initiatives and strategic investments.

Concurrently, shareholders approved the issuance of bonus shares to equity shareholders in a 2:1 ratio, effectively tripling the number of shares outstanding. This bonus issue will improve share liquidity while maintaining proportional ownership for existing shareholders.

Board Strengthening

The meeting also witnessed the appointment of Mr. Sumit Mittal (DIN: 11376399) as Non-Executive Independent Director, strengthening the company's governance structure. This appointment received strong shareholder support with 99.93% approval rate.

Voting Process and Participation

The EGM utilized a comprehensive voting mechanism combining remote e-voting and real-time voting during the meeting. The voting process was conducted through National Securities Depository Limited's platform, with the record date set as December 02, 2025.

The scrutinizer's report, prepared by Devesh Arora Associates, confirmed the validity of all voting procedures and results. The comprehensive voting process ensured transparency and regulatory compliance throughout the meeting.

Regulatory Compliance

The EGM was conducted in full compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company followed all Ministry of Corporate Affairs circulars regarding virtual meetings and e-voting procedures, ensuring proper governance standards were maintained throughout the process.

GRM Overseas Limited , a leading Indian basmati rice exporter and fast-growing FMCG company, has announced a significant move to expand its presence in the Middle East. The company has entered into a distribution agreement with Seven Star Company Limited for its flagship '10X' basmati rice brand in the Saudi Arabian market.

Key Details of the Agreement

• Partner: Seven Star Company Limited, Riyadh (Kingdom of Saudi Arabia)
• Brand: '10X' basmati rice
• Distribution: Multiple pack sizes through Seven Star's distribution and retail network
• Market: Saudi Arabia

Strategic Implications

This partnership marks a crucial step in GRM Overseas' strategy to strengthen its international market presence, particularly in the Middle East. The collaboration leverages Seven Star Company Limited's robust distribution and retail network across Saudi Arabia, potentially expanding the reach of GRM's premium '10X' brand to a wider consumer base.

Company Overview

GRM Overseas has established itself as a significant player in the rice export industry since its inception in 1974. Here are some key facts about the company:

Management Commentary

Atul Garg, Chairman & Managing Director of GRM Overseas Limited, expressed enthusiasm about the partnership, stating, "We are delighted to partner with Seven Star Company Limited to expand our brand '10X' in Saudi Arabia. Their strong market presence and distribution capabilities will help us reach a wider consumer base and further strengthen our global footprint. This collaboration aligns with our vision to make GRM's premium products available across key global markets."

Future Outlook

This strategic move aligns with GRM Overseas' recent efforts to reach consumers directly with its brands and products. By securing shelf space with major retailers both in India and abroad, the company aims to ensure easy access to its high-quality products for end consumers. As GRM Overseas continues to expand its international presence, this partnership with Seven Star Company Limited could serve as a significant stepping stone for further growth in the Middle Eastern market.

The company's focus on stringent quality control procedures, adherence to international standards, and strategic partnerships like this one position GRM Overseas for potential growth in the competitive global rice market.