GRM Overseas just gave its shareholders a free boost: two extra shares for every share they already own.
Bonus Share Allotment Details
On December 26, the company allotted 12,27,04,000 fully paid‑up bonus shares at a 2:1 ratio. This means each existing share now becomes three shares.
Impact on Share Capital
After the issue, paid‑up capital rose to ₹36,81,12,000, split into 18,40,56,000 equity shares of ₹2 each. The new shares have the same rights as the old ones.
How Shares Are Credited
All bonus shares are issued in dematerialised form. Shareholders with physical certificates will see their bonus shares placed in a special suspense account until they submit the required documents, after which the shares move to their demat account.
Recent Financial Performance
- Q2 FY26 revenue: ₹372.1 cr, up 16.2% YoY.
- Export sales surged 72% year‑on‑year.
- Profit after tax: ₹14.8 cr, up 60.5% YoY.
Share Price Movement
On the day of the announcement, the stock opened at ₹166.50, slightly higher than the previous close of ₹165.65. Over the past six months the shares have risen about 38%, delivering a year‑to‑date gain of roughly 149%.
Key Takeaways
- Existing shareholders now hold three shares for every one they owned.
- The bonus issue increases the total number of shares but does not dilute ownership proportionally.
- Strong recent earnings and export growth support the company’s outlook.
Remember, this is perspective, not a prediction. Do your own research or consult a financial advisor before making any investment decisions.