GRM Overseas shares closed at ₹165.30 on Friday, February 6, 2026, gaining 1.91% during market hours at the BSE. According to reports from Mint, the shares opened at ₹166.20 and are expected to remain in focus on Monday, February 9, 2026, following the company's recent corporate announcements.
The company's board approved the conversion of 77.18 lakh equity shares valued at ₹2 each from warrants after receiving ₹86.83 crore at ₹112.50 per warrant as per SEBI (ICDR) Regulations, 2018. As reported by ScanXNews, the conversion involved 21 warrant holders including major institutional investors like FORBES EMF (20 lakh warrants worth ₹22.5 crore), Coeus Global Opportunities Fund (20 lakh warrants worth ₹22.5 crore), and Singularity Equity Fund I (11.7 lakh warrants worth ₹13.16 crore). The company confirmed that all outstanding warrants have been successfully converted, with no warrants remaining outstanding following this completion.
The board approved a bonus issue of 1,54,36,000 equity shares at a 2:1 ratio, which was previously approved by shareholders in an Extraordinary General Meeting on December 9, 2025. According to ScanXNews, this means warrant holders received two additional bonus shares for every one share obtained through warrant conversion. Following the share allotment, the company's paid-up capital increased from ₹36.81 crore to ₹41.44 crore, with the total number of equity shares reaching 20.72 crore.
The combined effect of the warrant conversion and bonus issue has significantly increased the company's equity base, as reported by ScanXNews. The company now has 20.72 crore equity shares outstanding, representing a substantial increase from the previous paid-up capital of ₹36.81 crore. This corporate action is expected to enhance the company's shareholder base and potentially improve liquidity in the stock, with all newly allotted shares ranking pari-passu with existing equity shares.
