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.