GRM Overseas Limited's Managing Director Atul Garg has acquired 50,000 equity shares of the company through an open market transaction on December 10, 2025. The acquisition was disclosed to stock exchanges in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share purchase involved 50,000 equity shares with a face value of ₹2 each, acquired from Mrs. Mamta Garg through open market purchase. This transaction represents a strategic move within the promoter group, with the shares being transferred between related parties.

Impact on Shareholding Pattern

The acquisition has resulted in a marginal increase in the promoter group's shareholding in GRM Overseas Limited. The transaction demonstrates the promoter group's continued confidence in the company's prospects.

Regulatory Compliance

The disclosure was made in accordance with SEBI regulations governing substantial acquisition of shares. The promoter group, including Atul Garg and Hukam Chand Garg, along with persons acting in concert, filed the requisite documentation with both NSE and BSE.

Company Capital Structure

The company's capital structure remains stable following the transaction, with no changes to the overall equity base.

This internal transfer of shares within the promoter group reflects ongoing ownership adjustments while maintaining the company's existing capital structure and demonstrates the promoter group's sustained commitment to the business.

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.