What significant financial actions has GRM Overseas recently taken?

GRM Overseas converted 77.18 lakh warrants into equity shares and had its bonus issue approved, increasing its paid-up capital to ₹41.44 crore.

How much capital did GRM Overseas receive from warrant conversions?

The company received ₹86.83 crore for the remaining 77.18 lakh warrants converted into equity shares.

What was GRM Overseas' paid-up capital before and after the recent share allotment?

Before the share allotment, the paid-up capital was ₹36.81 crore, and it increased to ₹41.44 crore after the conversion of warrants.

Home / Business and Economy / GRM Overseas Sees Capital Surge Post-Warrant Conversion

GRM Overseas Sees Capital Surge Post-Warrant Conversion

7 Feb

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Summary

GRM Overseas converted 77.18 lakh warrants, increasing capital.
Company received ₹86.83 crore for remaining warrants.
Paid-up capital rose to ₹41.44 crore after share allotment.

GRM Overseas Sees Capital Surge Post-Warrant Conversion

GRM Overseas, a small-cap stock, is poised for attention after key financial developments. On February 6, 2026, the company's board of directors announced the conversion of 77.18 lakh warrants into equity shares, a move that significantly bolstered its paid-up capital. This conversion, following a preferential allotment made on August 8, 2024, has increased the company's paid-up capital from ₹36.81 crore to ₹41.44 crore. The total number of equity shares now stands at 20.72 crore.

The company received ₹86.83 crore for the remaining 77.18 lakh warrants from 21 holders at a price of Rs. 112.50 per warrant. This infusion of capital, coupled with the approval of a bonus issue, strengthens GRM Overseas' financial standing and may influence its market performance in the upcoming trading sessions.