GRM Overseas Converts Warrants & Approves 2:1 Bonus Share Issue
GRM Overseas Limited's Board approved the conversion of 77,18,000 warrants into equity shares, receiving ₹86.83 crore. The company also approved a 2:1 bonus share issue, allotting 1,54,36,000 shares. This increases the paid-up capital to ₹41.44 crore. All warrants are now converted.
The conversion of warrants and bonus issue increases the number of outstanding shares and paid-up capital, which can have a moderate impact on share price and financial metrics.
The company has successfully converted warrants and approved a bonus issue, which increases the equity base and is generally viewed positively by investors.
GRM Overseas Limited announced the outcome of its Board Meeting held on February 06, 2026. The Board approved the conversion of 77,18,000 warrants into equity shares, following the receipt of the balance amount of ₹86,82,75,000. These warrants were initially allotted on August 08, 2024, at an issue price of ₹150 each, with 25% paid upfront and the remaining 75% paid now for conversion.
Additionally, the Board approved the allotment of 1,54,36,000 equity shares under a 2:1 bonus issue. This bonus issue, approved by shareholders on December 09, 2025, grants two new equity shares for every one existing equity share.
Consequent to these allotments, the company's paid-up share capital has increased from ₹36,81,12,000 to ₹41,44,20,000. The newly allotted shares will rank pari-passu with the existing equity shares. The company confirmed that there are no outstanding warrants pending conversion. The meeting commenced at 05:00 PM and concluded at 06:40 PM IST.
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GRM Overseas Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GRM Overseas Limited. Read the original for the full detail.