Intimation of Receipt of trading approval of 2,31,54,000 equity shares of face value of Rs each
GRMOVER · price
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GRM Overseas Ltd has received trading approval from both NSE and BSE for 2,31,54,000 equity shares of Rs. 2/- each. The shares include 77,18,000 equity shares issued to Promoters and Non-Promoters on a preferential basis pursuant to conversion of warrants, and 1,54,36,000 bonus equity shares allotted in a 2:1 ratio on those shares. The shares are listed and admitted to trading from May 27, 2026. Lock-in periods apply: 19,530,000 shares are locked until November 30, 2026, and 3,624,000 shares are locked until November 30, 2027. The preferential issue was made at a premium of Rs. 148/- per share.
The share issuance increases the company's equity base. Existing shareholders received bonus shares in 2:1 ratio, diluting their ownership unless they participated in the preferential warrant conversion. The lock-in on a significant portion of shares limits immediate selling pressure.