GRM Overseas Limited announced the outcome of its Board Meeting held on February 06, 2026. The Board approved the conversion of 77,18,000 warrants into equity shares, following the receipt of the balance amount of ₹86,82,75,000. Each warrant was converted at ₹112.50, representing 75% of the issue price of ₹150. Additionally, the Board approved the allotment of 1,54,36,000 equity shares under a 2:1 bonus issue, meaning two new fully paid-up equity shares of ₹2 each for every one existing equity share of ₹2. These actions have increased the company's paid-up capital from ₹36,81,12,000 (18,40,56,000 shares) to ₹41,44,20,000 (20,72,10,000 shares). All newly allotted shares will rank pari-passu with existing equity 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).
