GRM Overseas Receives In-Principle Approval for Bonus Issue of 13.81 Cr Equity Shares

GRM Overseas Limited has received in-principle approval from the National Stock Exchange of India Limited (NSE) for a bonus issue of 13,81,40,000 equity shares, each with a face value of ₹2. The appr...

GRM Overseas Limited has received in-principle approval from the National Stock Exchange of India Limited (NSE) for a bonus issue of 13,81,40,000 equity shares, each with a face value of ₹2. The approval, dated December 16, 2025, was granted under Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bonus issue is proposed in the ratio of 2 new equity shares for every 1 existing equity share held in the company. This includes 77,18,000 shares reserved for convertible securities holders. The NSE's in-principle approval is subject to GRM Overseas Limited fulfilling several conditions, including obtaining all necessary statutory and other approvals, complying with guidelines from authorities like SEBI, RBI, and MCA, and adhering to all applicable laws and exchange regulations. The NSE reserves the right to withdraw this approval if any submitted information is found to be incomplete, incorrect, misleading, or false.

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Why is GRM Overseas Limited in the news today?

GRM Overseas Limited (GRMOVER) is in the news due to the company has received in-principle approval for a bonus issue, which is generally viewed positively by investors as it can increase share liquidity and potentially signal company confidence.

Bonus IssueEquity FundraisingOther Regulatory Filings
GRM Overseas LimitedGRMOVERhttps://prysm.fi/v2/analyze/GRMOVER

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GRM Overseas Receives In-Principle Approval for Bonus Issue of 13.81 Cr Equity Shares

December 16, 2025, 01:09 PM

AI Sentiment Analysis

GRM Overseas Limited has received in-principle approval from the National Stock Exchange of India Limited (NSE) for a bonus issue of 13,81,40,000 equity shares, each with a face value of ₹2.

The approval, dated December 16, 2025, was granted under Regulation 28(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bonus issue is proposed in the ratio of 2 new equity shares for every 1 existing equity share held in the company. This includes 77,18,000 shares reserved for convertible securities holders.

The NSE's in-principle approval is subject to GRM Overseas Limited fulfilling several conditions, including obtaining all necessary statutory and other approvals, complying with guidelines from authorities like SEBI, RBI, and MCA, and adhering to all applicable laws and exchange regulations. The NSE reserves the right to withdraw this approval if any submitted information is found to be incomplete, incorrect, misleading, or false.

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