GRM Overseas Stock Poised for Attention After Key Corporate Announcements
Small-cap multibagger stock GRM Overseas is expected to be in the spotlight on Monday, 9 February 2026, following significant corporate updates released after market hours on Friday, 6 February. The company shared crucial information regarding the conversion of warrants and a bonus issue, which could influence investor sentiment and trading activity.
Market Performance and Share Price Details
At the close of trading on Friday, the GRM Overseas share price stood at ₹165.30 on the BSE, reflecting a gain of 1.91%. The stock had opened the session at ₹166.20, indicating positive momentum ahead of the announcements. This performance sets the stage for potential volatility or continued interest as the market digests the latest developments.
Comprehensive Warrant Conversion Update
GRM Overseas formally informed the stock exchanges that its board has approved the conversion of 77.18 lakh equity shares, each valued at ₹2, from warrants. This conversion followed the receipt of ₹86.83 crore at a rate of ₹112.50 per warrant, in strict compliance with the SEBI (ICDR) Regulations, 2018. The company emphasized that there are no outstanding warrants pending for conversion, as the entire allotment has been fully and duly converted into equity shares.
This development marks the culmination of a process that began on 8 August 2024, when the company's board of directors allotted 90.7 lakh convertible warrants at ₹150 each. This initial allotment totaled ₹34,01,25,000, received as a 25% subscription from allottees on a preferential basis. Out of these 90.7 lakh convertible warrants, 13,52,000 had previously been converted into equity shares. The recent transaction involved the remaining 77.18 lakh warrants, with funds received from 21 holders at ₹112.50 per warrant.
Bonus Issue Approval and Capital Impact
In addition to the warrant conversion, the board has given its nod to a bonus issue of 1,54,36,000 equity shares. This bonus issue was approved by the company's members during an Extraordinary General Meeting held on 9 December 2025, at a ratio of 2:1. Following the allotment of these bonus shares, the company's paid-up capital has increased significantly from ₹36.81 crore to ₹41.44 crore. This results in a total of 20.72 crore equity shares outstanding, reflecting the expanded equity base post-bonus issue.
Investor Implications and Market Context
The combination of warrant conversion and bonus issue announcements positions GRM Overseas as a stock to watch in the small-cap segment. The full conversion of warrants eliminates a potential overhang, while the bonus issue could enhance liquidity and shareholder value, albeit with dilution considerations. Investors are advised to monitor these developments closely, as they may impact the stock's technical and fundamental outlook in the coming trading sessions.
Disclaimer: This article is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking companies and not of the publication. Investors are strongly advised to consult with certified experts before making any investment decisions, as market conditions are subject to rapid changes and individual circumstances may vary.
