GRM Overseas Limited (GRMOVER) is expected to be in focus on Monday, March 9, following a significant promoter stake increase. According to a stock exchange filing, Atul Garg, a promoter and Managing Director of GRM Overseas Limited, acquired 100,000 equity shares on March 5, 2026. The shares carry a face value of ₹2 each and were reported under SEBI takeover regulations, which require promoters to disclose purchases beyond certain thresholds.
On March 6, GRM Overseas stock closed at ₹157.60 on the NSE, declining 3.24% from its previous close of ₹162.88. During intraday trading, the stock showed considerable volatility, reaching a high of ₹161.70 and touching a low of ₹152.79. The company's market capitalization stands at approximately ₹3,311.43 crore.
GRM Overseas has demonstrated exceptional financial performance with consolidated income growing from ₹770 crore in FY2021 to nearly ₹1,347 crore in FY2025. The company recorded sales of approximately ₹1,463 crore on a trailing twelve-month basis and achieved a net profit of ₹73 crore. Profits have climbed significantly from ₹45 crore in FY2021 to almost ₹61 crore by FY2025. Total shareholder funds expanded substantially from around ₹135 crore in FY2021 to roughly ₹426 crore in FY2025.
The company finalized the purchase of GRM ARABIA FZCO in Dubai on February 27, 2026, to establish a marketing and logistics hub within the United Arab Emirates. Prior to this, on December 26, 2025, GRM Overseas distributed 12.27 crore fully paid bonus equity shares via a 2:1 allotment ratio. The company, established in 1974 and based in Panipat, ranks as India's third-largest manufacturer and exporter of high-quality Basmati rice, marketing products under labels such as 10X, Tanoush, and Himalaya River across over 42 nations.
