GRM Overseas Limited has informed the Exchange about the receipt of trading approval of 2,31,54,000 equity shares of face value of Rs. 2 each
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GRM Overseas Limited received trading approval from both NSE and BSE on May 26, 2026 for 2,31,54,000 equity shares of Rs. 2 each. The share issuance comprises 77,18,000 shares allotted to Promoters and Non-Promoters via conversion of warrants issued at a premium of Rs. 148, along with 1,54,36,000 bonus shares issued in a 2:1 ratio on those shares. The shares will be listed and admitted to trading from May 27, 2026. Lock-in restrictions apply to these shares: 19,530,000 shares are locked till November 30, 2026, and 3,624,000 shares are locked till November 30, 2027.
The listing of these newly issued shares increases the company's paid-up capital significantly, resulting in dilution for existing shareholders. The lock-in periods on preferential allotment shares will limit immediate selling pressure, but investors should be aware of potential future supply when these locks expire.