GRM Overseas Promoter Atul Garg Acquires 1,00,000 Equity Shares Through Open Market Purchase

GRM Overseas Limited has disclosed the acquisition of 1,00,000 equity shares by promoter Atul Garg through an open market purchase on March 05, 2026. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Transaction Details The acquisition involved 1,00,000 equity shares of face value Rs. 2/- each, representing 0.05% of the company's total share capital. The shares were purchased through open market transactions on March 05, 2026. Parameter: Details Shares Acquired: 1,00,000 Face Value: Rs. 2/- each Acquisition Date: March 05, 2026 Mode of Acquisition: Open Market Percentage of Total Capital: 0.05% Shareholding Pattern Changes Following this acquisition, the promoter group's shareholding has increased marginally. The promoter group and persons acting in concert now hold a total of 12,94,65,952 equity shares, representing 62.48% of the company's total share capital. Shareholding Details: Before Acquisition After Acquisition Change Number of Shares: 12,93,65,952 12,94,65,952 +1,00,000 Percentage Holding: 62.43% 62.48% +0.05% Total Share Capital: 20,72,10,000 shares 20,72,10,000 shares No change Promoter Group Composition The promoter group and persons acting in concert include: Atul Garg (Acquirer and Managing Director) Mamta Garg (Promoter) Hukam Chand Garg (Promoter) Nipun Jain (Director) Atul Garg serves as the Managing Director of the company with DIN: 02380612. Company Share Capital Structure GRM Overseas Limited's equity share capital remains unchanged at Rs. 41,44,20,000, divided into 20,72,10,000 equity shares of face value Rs. 2/- each. The company's shares are listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE). Regulatory Compliance The disclosure was made in compliance with SEBI (SAST) Regulations, 2011, and was communicated to both stock exchanges where the company's shares are listed. The transaction does not trigger any mandatory open offer requirements as the increase in shareholding is minimal. GRM Overseas Limited has successfully acquired GRM ARABIA FZCO as its 100% wholly owned subsidiary, marking a significant expansion into the Middle Eastern market. The acquisition was announced on February 26, 2026, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Acquisition Details The company has acquired the entire share capital of GRM ARABIA FZCO through cash consideration for AED 50,000. The acquisition represents a strategic move to establish operations in the United Arab Emirates market. Parameter: Details Acquisition Cost: AED 50,000 Shareholding Acquired: 100% Nature of Consideration: Cash Target Entity: GRM ARABIA FZCO Registration Authority: Dubai Multi Commodities Centre Authority Strategic UAE Distribution Center The acquisition aims to establish a comprehensive distribution and marketing hub in the United Arab Emirates for catering to customers in the UAE and nearby international markets. The subsidiary will focus on creating a strategic center for FMCG operations including: Trading of rice, food grains, and related food products Importing and exporting operations Distribution network development Market expansion in the FMCG sector Entity Profile GRM ARABIA FZCO operates in the fast-moving consumer goods (FMCG) industry. As a newly incorporated entity, the company is yet to commence business operations, with no applicable turnover or net profit figures at the time of acquisition. Aspect: Status Industry: Fast-moving consumer goods (FMCG) Business Status: Yet to commence operations Turnover: Not Applicable Net Profit: Not Applicable Regulatory Approvals: Not Required Regulatory Compliance The acquisition does not fall within related party transactions, and no governmental or regulatory approvals are required for the transaction. The disclosure has been made in accordance with SEBI regulations and is available on the company's website at www.grmrice.com . This strategic acquisition positions GRM Overseas Limited to expand its reach in international markets, particularly in the Middle East region, leveraging the UAE as a gateway for broader regional operations in the food products sector. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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