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.

GRM Overseas , a smallcap packaged food company, has witnessed significant changes in its shareholding pattern as marquee investors increase their stakes amidst an impressive stock rally. The company's shares have surged by 80% in 2025, attracting attention from notable investors in the market.

Shareholding Changes

The Madhu Kela family and Nikhil Vora, both well-known names in the investment community, have increased their holdings in GRM Overseas. Nikhil Vora has raised his stake from 0.33% to 0.85%, while Singularity Equity Fund I has boosted its position from 2.20% to 3.35%.

These increases come as the company's promoters have reduced their stake. According to recent LODR (Listing Obligations and Disclosure Requirements) filings, two significant transactions occurred on September 25, 2025:

1. Mr. Atul Garg, a promoter and Managing Director, sold 10,00,000 equity shares, reducing the promoter group's holding from 72.80% to 71.17%.
2. Mrs. Mamta Garg, another promoter and Director, sold 6,25,000 equity shares, further decreasing the promoter stake to 70.15%.

The combined sale of these 16,25,000 shares (2.65% stake) by the promoters was valued at over Rs 58 crore, based on the information provided.

Business Focus and Performance

GRM Overseas has been shifting its focus towards India's packaged food market through its subsidiary, GRM Foodkraft. This strategic move has shown promising results, with GRM Foodkraft doubling its revenue to Rs 539 crore in FY25 from Rs 257 crore in the previous fiscal year.

The parent company, GRM Overseas, reported strong financial performance in its most recent quarter:

Stock Performance

The stock's performance has been noteworthy:

• 80% rally in 2025
• 42% increase over the last 12 months
• Currently trading above six of eight key moving averages

This robust performance indicates strong investor confidence in the company's business model and growth prospects.

Market Outlook

The increased interest from marquee investors, coupled with the company's strategic shift towards the packaged food market, suggests a positive outlook for GRM Overseas. However, investors should note that the promoter stake reduction might be seen as a signal to monitor closely.

As GRM Overseas continues to expand its presence in the packaged food segment, market participants will be watching closely to see if the company can maintain its growth trajectory and if the recent shareholding changes will impact its future performance.