StockMarket – GRM Overseas Limited has concluded a major equity restructuring exercise after its Board of Directors approved the final phase of a previously announced warrant conversion and bonus share allotment.
GRM Overseas Limited, a prominent Indian rice exporter, confirmed that it has successfully converted the remaining 77.18 lakh convertible warrants into equity shares. The move comes after the company received the outstanding subscription amount of ₹86.83 crore, completing the full conversion of warrants that were earlier issued on a preferential basis.
The warrants were initially issued at a price of ₹150 each. At the time of allotment, investors had paid 25 percent of the total subscription amount, with the remaining 75 percent due at the time of conversion. With the latest tranche now converted, the company has finalized the conversion of all 90.70 lakh warrants originally issued.
Company officials stated that there are no pending warrants remaining after this transaction. The completion of the conversion is expected to enhance the company’s capital structure by increasing its equity base and improving financial flexibility. Market observers note that such capital strengthening measures can support future business expansion and operational plans.
Alongside the warrant conversion, the Board also cleared the allotment of 1.54 crore equity shares under a 2:1 bonus issue. The decision follows approval from shareholders at the Extraordinary General Meeting conducted in December 2025.
Under the 2:1 bonus structure, shareholders received two additional equity shares for every one share held. Companies typically issue bonus shares to reward investors while conserving cash, and the move often reflects management’s confidence in the company’s earnings visibility and long-term strategy.
GRM Overseas indicated that the bonus allotment aligns with its objective of maintaining a balanced capital structure while acknowledging shareholder support. The issuance increases the total number of outstanding shares without requiring additional cash outflow from investors.
Following the completion of both the warrant conversion and the bonus share allotment, the company’s paid-up equity share capital has risen from ₹36.81 crore to ₹41.44 crore. The total number of fully paid-up equity shares has increased to 20.72 crore.
The company confirmed that the newly issued equity shares will carry the same rights as the existing shares. This includes equal entitlement to dividends, voting rights, and other shareholder benefits, ensuring uniformity across the expanded share base.
The successful execution of the preferential warrant conversion and bonus issue marks a notable step in GRM Overseas’ financial roadmap. By converting all outstanding warrants and expanding its equity base, the company has reinforced its capital foundation.
Industry analysts say that such measures can position export-oriented firms more strongly in a competitive market environment. With India remaining a major global rice supplier, companies operating in the sector often require adequate capital buffers to manage procurement cycles, international demand shifts, and working capital requirements.
While the company has not outlined specific future deployment plans for the raised capital, the completion of the conversion and allotment process signals operational stability and readiness for growth opportunities.
The developments are expected to reflect in the company’s updated shareholding pattern and financial disclosures in the coming reporting period.
