GRM Overseas Expands UAE Footprint with 100% Acquisition of GRM Arabia FZCO

GRM Overseas has bought GRM Arabia FZCO and now owns it fully. The deal set up a new overseas base for packaged food sales. GRM Overseas said the unit will support wider reach outside India. The company disclosed the purchase on February 26. It paid AED 50,000 in cash to complete the acquisition.

GRM Arabia FZCO is newly formed and registered with the Dubai Multi Commodities Center Authority. The entity has not started business yet. It has no turnover or profits so far. GRM Overseas said the promoter group held no earlier stake. The company also said the deal did not qualify as a related-party transaction.

The subsidiary is expected to work as a distribution and marketing hub in the UAE. GRM Overseas plans to operate in the FMCG space through this unit. The focus includes trading, importing, exporting, and distributing rice and food grains. The company also plans to serve nearby overseas markets from the UAE base.

GRM Overseas will keep 100% ownership and control of GRM Arabia FZCO. Since the unit is newly set up, the company said approval timelines do not apply now. GRM Overseas did not cite any pending regulatory steps for the acquisition at this stage.

The move aligns with demand for packaged foods in foreign markets.

Separately, GRM Overseas shared outcomes from the February 6, 2026 board meeting. The board cleared warrant conversions into equity shares and approved bonus share allotment. In August 2024, it issued 90.7 lakh convertible warrants at Rs 150 each. Allottees paid 25% upfront, with 75% due on conversion.

By May 2025, 13.52 lakh warrants were already converted into equity shares. After receiving about Rs 86.83 crore from 21 investors, GRM Overseas approved converting the remaining 77.18 lakh warrants. It allotted 77.18 lakh equity shares of Rs 2 face value. It also allotted 1.54 crore bonus shares in a 2:1 ratio.

Item	Detail
Warrants issued	90.7 lakh at Rs 150 each (August 2024)
Converted earlier	13.52 lakh (May 2025)
Converted now	77.18 lakh; payment received about Rs 86.83 crore from 21 investors
Bonus issue	1.54 crore shares; 2:1 ratio; approved by shareholders in December 2025

After these allotments, paid-up share capital rose from Rs 36.81 crore to Rs 41.44 crore. Total equity shares increased to over 20.72 crore. On the NSE, GRM Overseas Ltd (GRMOVER) traded at Rs 162.44 at 11:28 AM IST on 27 February 2026. The stock was up 0.89% from Rs 161.00, with 4.63 lakh shares traded.