Home / Business and Economy / Promoter Boosts GRM Overseas Stake Amidst Bonus Buzz
Promoter Boosts GRM Overseas Stake Amidst Bonus Buzz
11 Dec
Summary
- Promoter Atul Garg acquired an additional 0.08% stake in GRM Overseas.
- The company announced a bonus share issue in a 2:1 ratio.
- GRM Overseas' net profit surged 61% year-on-year to ₹14.76 crore.
Atul Garg, a promoter of GRM Overseas, has further bolstered his investment by acquiring an additional 0.08% stake, equivalent to 50,000 shares, through open-market transactions on December 10, 2025. This strategic acquisition by Garg, who now holds a 22% stake, underscores promoter confidence in the agricultural sector company. The move comes as GRM Overseas also declared a generous bonus share issue in a 2:1 ratio, offering two fully paid-up equity shares for every one held.
GRM Overseas demonstrated robust financial performance, reporting a consolidated net profit surge of 61% year-on-year to ₹14.76 crore for the quarter ending September 2025, compared to ₹9.19 crore in the prior year. This impressive growth highlights the company's strong operational efficiency and market position within the FMCG sector.
This bonus share announcement marks the company's second such offering in four years, following a similar 2:1 bonus issue in July 2021. The company's stock has shown significant appreciation, rising 125% over the past year, positioning it as a strong wealth creator in the small-cap segment, despite being down from its all-time high.
