Panipat, March 06, 2026: Atul Garg, the Promoter and Managing Director of GRM Overseas Limited, has further solidified his holding in the company through a fresh acquisition of equity shares. The transaction was disclosed in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details
On March 05, 2026, Mr Garg purchased 1,00,000 equity shares of GRM Overseas via the open market. These shares carry a face value of ₹2 each. The acquisition represents a 0.05% stake in the company’s total share and voting capital.
Revised Holding Structure
Following this acquisition, the combined holding of the promoter group and Persons Acting in Concert (PAC) has seen a marginal uptick:
- Pre-Acquisition Holding: 12,93,65,952 shares (62.43% stake).
- Post-Acquisition Holding: 12,94,65,952 shares (62.48% stake).
The promoter group currently includes Atul Garg, Mamta Garg, and Hukam Chand Garg, while Mr Nipun Jain (a Director in the company) is also listed as a PAC.
About GRM Overseas Limited
GRM Overseas is a prominent player in the consumer staples sector, primarily known for its presence in the rice industry. The company is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). As of the date of the acquisition, the company’s total equity share capital stands at ₹41,44,20,000, divided into 20,72,10,000 equity shares.
This move by the Managing Director is seen as a signal of promoter confidence in the company’s long-term growth prospects and operational stability.
