GRM Overseas Confirms 2:1 Bonus Issue—Is This The Start of A Big Rally?

In accordance with SEBI and MCA regulations, GRM Overseas Limited has declared that its Extra-Ordinary General Meeting (EOGM) would take place by Video Conferencing (VC)/Other Audio-Visual Means (OAVM) on Tuesday, December 09, 2025 at 12:30 PM (IST). On November 17, 2025, the firm sent electronic copies of the EOGM notification to all members who have registered email addresses.

Three main proposals will be discussed at the meeting: (1) raising the authorized share capital of the company from Rs 20 crore to Rs 45 crore, with a corresponding amendment to Clause V of the Memorandum of Association; (2) issuing bonus equity shares in a ratio of 2:1, i.e., two fully paid equity shares of Rs 2 each for every existing share, by capitalizing up to Rs 27.62 crore from the securities premium or other free reserves; and (3) designating Mr. Sumit Mittal (DIN: 11376399) as a Non-Executive Independent Director for a five-year term from November 13, 2025 to November 12, 2030.

Important e-voting deadlines have also been issued by the corporation. Remote e-voting will begin on December 06, 2025 at 9:00 AM and end on December 08, 2025 at 5:00 PM. The deadline for assessing member eligibility is scheduled for December 02, 2025.

"In view of the financial strength and with the objective of recognising the continued trust and support of its shareholders, the Board of Directors, at its meeting held on Thursday, November 13, 2025, approved the proposal to issue Bonus Equity Shares to the eligible Members. The bonus issue is intended to reward longstanding shareholders, improve the liquidity of the Company's equity shares, and reinforce the Board's confidence in the Company's long-term growth prospects and profitability," said GRM Overseas in a statement.

"Accordingly, it is proposed to issue Bonus Equity Shares in the ratio of 2:1 i.e. 2 (Two) new fully paidup equity shares of Face Value of Rs 2/- each for every 1 (One) existing fully paid-up equity share of Face Value of Rs 2/- each held by them as on the record date, by capitalizing a sum not exceeding Rs. 27,62,80,000 (Rupees Twenty-Seven Crore Sixty Two Lakhs Eighty Thousand Only) out of securities premium account and/or any other permitted free reserve of the Company, as may be considered appropriate subject to the approval of the shareholders," GRM Overseas further added.

The company is going to issue about 13,81,40,000 bonus equity shares, each valued at Rs 2, as part of a significant bonus issue. According to the corporation, Rs 27,62,80,000 from its retained earnings (free reserves) would be used for financing the bonus issue. According to the corporation, the bonus shares will be distributed or credited within two months of the Board's approval date, with an estimated completion date of January 12, 2025.

GRM Overseas Target Price

"GRM Overseas stock price is bearish &also overbought on the Daily charts with strong resistance at 489. Investors should be booking profits as a Daily close below support of 478 could lead to a target of 399 in the near term," commented A R Ramachandran, Independent SEBI registered Research Analyst, Tips2trades.

"The stock remains in a strong uptrend, holding above all key moving averages. Momentum is robust after a breakout, though RSI suggests mild overextension. Support sits near ₹455, and sustaining above this zone keeps the trend positive. A move above ₹490 can trigger the next leg higher," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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