GRM Overseas Limited to Hold Extra-Ordinary General Meeting on December 9, 2025, Discussing Key Proposals

GRM Overseas Limited has announced its Extra-Ordinary General Meeting (EOGM) will be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) on Tuesday, December 09, 2025, at 12:30 PM (IST). The company sent electronic notifications to members with registered email addresses on November 17, 2025. Three key proposals are set for discussion during this meeting.

The first proposal involves increasing the company's authorised share capital from Rs 20 crore to Rs 45 crore. This change requires an amendment to Clause V of the Memorandum of Association. The second proposal is about issuing bonus equity shares in a 2:1 ratio. This means shareholders will receive two fully paid equity shares of Rs 2 each for every existing share they hold.

To facilitate the bonus issue, up to Rs 27.62 crore will be capitalised from the securities premium or other free reserves. The third proposal is to appoint Mr. Sumit Mittal (DIN: 11376399) as a Non-Executive Independent Director for a five-year term starting November 13, 2025, and ending November 12, 2030.

The company has also outlined important e-voting deadlines. Remote e-voting will commence on December 06, 2025, at 9:00 AM and conclude on December 08, 2025, at 5:00 PM. The eligibility cut-off date for members is set 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.

The company plans to issue approximately 13,81,40,000 bonus equity shares valued at Rs 2 each. This significant bonus issue will be financed by utilising Rs 27,62,80,000 from retained earnings or free reserves. The distribution or crediting of these bonus shares is expected within two months from the Board's approval date, aiming for completion by January 12, 2025.

Stock Price Analysis

A R Ramachandran, an Independent SEBI registered Research Analyst from Tips2trades commented on GRM Overseas stock 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."

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