GRM Overseas shares are set to trade ex-bonus following the company’s 2:1 bonus issue, with Wednesday, December 24 fixed as the record date. Shareholders holding the stock at the close of trading on this date will receive two additional shares for every one share owned, taking their total holding to three shares.
On Wednesday, the stock was trading 1.36% lower at ₹166.20, after opening at ₹178.80 earlier in the session. At the market open, the share price was adjusted to account for the bonus issue. This adjustment may appear as a sharp decline on trading screens, but it is only a mathematical change, as the increased number of shares offsets the lower price, leaving the investment value unchanged.
The company’s board has approved an increase in authorised share capital from ₹20 crore to ₹45 crore to accommodate the bonus shares, which will rank equally with existing equity. The deemed allotment date is December 26, 2025, with shares credited to demat accounts thereafter.
Earlier, GRM Overseas reported strong Q2 FY26 results, posting 16.2% revenue growth and a 60.5% rise in net profit, supported by a sharp jump in exports.
