2:1 Bonus: This FMCG Stock Clocks 134% Rally in 2025; Now Trading 67.34% Above Its 52-Week Low; Do You Own?

Shares of GRM Overseas Limited are in focus after the company announced a 2:1 bonus share issue recently, rewarding shareholders with two bonus equity shares for every one existing share held.

The decision was approved by the Board of Directors of GRM Overseas and the Extraordinary General Meeting (EOGM) on December 9, as per the official notice released to stock exchanges.

GRM Overseas Bonus Issue Details

According to the filing, "GRM Overseas bonus shares will be issued in the ratio of 2:1, meaning shareholders will receive two fully paid-up equity shares of face value Rs. 2 each for every one equity share held."

In order to accommodate the proposed bonus issue, GRM Overseas plans to increase its authorised share capital. Post-bonus, the company's reserves are expected to rise from around Rs. 20 crore to Rs. 45 crore, while the number of outstanding equity shares will increase from 10 crore to approximately 22.5 crore.

GRM Overseas Bonus Issue

The record date for the bonus issue has not been announced yet, and the company in its filing dated Dec 10 clarified that the GRM Overseas bonus record date will be announced soon.

GRM Overseas Share Price Performance

At the end of the trading session on Wednesday, Dec 17, GRM Overseas share price closed at Rs. 470, gaining Rs. 15.95 or 3.51% for the day. The stock has jumped an impressive 167.34% from its 52-week low. However, it has declined 30.03% over the past six months while still remaining up 134.64% on a year-to-date basis. The bonus announcement has once again brought the stock into the spotlight.

GRM Overseas Bonus, Split & Dividend History

This is not the first time GRM Overseas has rewarded shareholders. The company earlier announced a 2:1 bonus issue on July 15, 2021. In the same year, GRM Overseas also undertook a stock split in the ratio of 5:1 in November 2021.
Additionally, GRM Overseas has declared 19 dividends since September 16, 2004. Some recent dividends include Rs. 0.20 in August 2022, Rs. 0.25 in May 2022 and Rs. 1.00 in February 2022.

About GRM Overseas Limited

GRM Overseas Limited is a well-known agro-processing and FMCG company engaged primarily in rice milling and branded food products. The company owns popular brands such as 10X, Tanoush Organic, Benti, and Himalaya River, catering to both domestic and international markets. GRM Overseas is listed on the NSE (GRMOVER) and BSE (531449) and operates in the packaged food segment.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.