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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Mr. Atul Garg, Promoter and Managing Director of GRM Overseas Ltd, purchased 1,50,000 equity shares (face value Rs. 2 each) through the open market on June 8, 2026. This raised the promoter group's combined holding from 62.55% (12,96,14,445 shares) to 62.62% (12,97,64,445 shares), an increase of 0.07%. The disclosure was filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, reporting the acquisition on behalf of the promoter group which includes Atul Garg, Mamta Garg, Hukam Chand Garg, and Nipun Jain.
The promoter buying more shares signals continued confidence in the company's prospects, though the stake increase is marginal at just 0.07%. Shareholders can view this as a positive vote of confidence from insiders, but it is unlikely to materially affect the stock price given the small size of the transaction.