GRM Overseas Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 29, 2025
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GRM Overseas Limited held its 31st Annual General Meeting on September 29, 2025, via video conferencing from 12:00 PM to 12:38 PM IST. Eleven resolutions were tabled before shareholders. Two ordinary resolutions covered the adoption of audited financial statements for FY 2024-25 and the re-appointment of Mr. Nipun Jain as a director retiring by rotation. Nine special resolutions were put to vote, including an increase in remuneration for Whole Time Director Mrs. Mamta Garg and CFO Mr. Vedant Garg, approval of material related party transactions with four group entities (GRM Foodkraft, GRM International Holdings UK, GRM Fine Foods USA, and Eros Agro & Farms), and an increase in the company's borrowing limit and charge-creation limit under Section 180 of the Companies Act. Remote e-voting took place from September 26 to 28, 2025, and voting results will be submitted separately under Regulation 44(3).
Shareholders should watch for the upcoming voting results, as the special resolutions on related party transactions with multiple subsidiaries and the proposed increase in borrowing limits could affect capital structure and cash flows. The hike in remuneration for promoter-family directors (Mrs. Mamta Garg and Mr. Vedant Garg) is a governance point worth noting, though it is standard for family-run businesses.