The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Atul Garg & Others
GRMOVER · price
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Atul Garg, Promoter and Managing Director of GRM Overseas Ltd, purchased 1,00,000 equity shares (face value Rs. 2 each) from the open market on March 5, 2026. The acquisition increased the promoter group's combined holding (Atul Garg, Mamta Garg, Hukam Chand Garg, along with PAC Nipun Jain) from 12,93,65,952 shares (62.43%) to 12,94,65,952 shares (62.48%). The change is minimal at 0.05% of paid-up capital, and the total equity share capital of the company remains unchanged at Rs. 41.44 crore (20.72 crore shares of Rs. 2 each). The transaction was carried out under Regulation 29(2) of SEBI (SAST) Regulations, 2011, which mandates disclosure when promoter holdings cross certain thresholds.
A small open-market purchase by the promoter signals continued confidence in the company's prospects. Since the promoter group already holds over 62%, corporate control remains firmly with them and this marginal increase is unlikely to materially affect the stock price.