Share of GRM Overseas Ltd., a small-cap rice processing and trading company, recently announced a bonus share offering, with today being the record date.
Today being the record date means that if you have the company’s shares in your demat account today, the company will give you the benefit of bonus shares.
The company has announced that it will offer a bonus to shareholders who hold shares today in a 2:1 ratio. This means that for every 1 existing equity share, the company will offer 2 equity shares free as a bonus.
In early trade, the stock was trading at Rs 166.15, down 1.39% or Rs 2.35 on the NSE, while on the BSE, the stock was trading at Rs 166.45, down 1.10% or Rs 1.85.
Initially, this company used to process and trade rice, but now it is becoming a consumer staples company.
In its early years, GRM exported its rice primarily to the Middle East and the United Kingdom. Gradually, the company expanded its rice market to 42 countries and today ranks among India’s top five rice exporters.
GRM has three rice processing units – in Panipat (Haryana), Naultha (Haryana), and Gandhidham (Gujarat). These units have a total annual production capacity of 440,800 metric tons. The Gandhidham plant also has a 1.75 lakh square foot warehouse, which facilitates quick shipments from the Kandla and Mundra ports.
The company sells products under its own brand names ’10X’, ‘Himalaya River’ and ‘Tanoush’, and also sells goods under customers’ brand names (private label).
Earlier, the company said its net profit has jumped 61 per cent year on year to Rs 14.83 crore in the July-September quarter on higher sales.
Total revenue of the company rose by 16 per cent to Rs 372 crore in the second quarter of 2025-26 compared to Rs 330 crore in the same quarter of the previous fiscal, a company statement said.