GRM Overseas Limited announced the outcome of its Board meeting held on February 06, 2026, approving the conversion of warrants and allotment of equity shares, along with a bonus issue. The company had previously allotted 90,70,000 convertible warrants on August 08, 2024, at an issue price of ₹150 each, having received a subscription amount of ₹34,01,25,000 (25% of the issue price). Subsequently, 13,52,000 warrants were converted into equity shares on May 28, 2025. During the February 06, 2026 board meeting, the company approved the allotment of 77,18,000 equity shares upon receipt of the balance amount of ₹86,82,75,000 (75% of the issue price) from 21 warrant holders. Additionally, the Board approved the allotment of 1,54,36,000 equity shares under a 2:1 bonus issue, as approved by the members in the Extra Ordinary General Meeting on December 09, 2025. Consequent to these allotments, the company's paid-up capital has increased from ₹36,81,12,000 to ₹41,44,20,000. All new equity shares allotted rank pari-passu with existing shares. There are no outstanding warrants pending conversion. The Board meeting commenced at 05:00 P.M. (IST) and concluded at 06:40 P.M. (IST).
