Madhusudhan Kela-backed FMCG stock-GRM Overseas Ltd Approves 2:1 Bonus Shares in Board Meeting
DSIJ Intelligence-1 / 10 Dec 2025/ Categories: Bonus and Spilt Shares, Multibaggers, Trending
The stock gave multibagger returns of 1,685 per cent in 5 years and a whopping 11,000 per cent over a decade.
At the Extraordinary General Meeting (EGM) of GRM Overseas Ltd held on Tuesday, December 9, 2025, via Video Conferencing/OAVM, members considered and approved two significant corporate actions, both requiring an Ordinary Resolution. The first item was the increase in the company's Authorised Share Capital from ₹20 crore (10 crore shares) to ₹45 crore (22.50 crore shares), which necessitated a consequent alteration to Clause V of the Memorandum of Association. The second key approval was for the issue of bonus shares to equity shareholders in the ratio of 2:1, where two new shares would be issued for every one share currently held; for instance, the family company of investor Madhusudhan Kela, holding 6,90,000 shares, is set to receive 13,80,000 free bonus shares.
About the Company
Since its start in 1974 as a rice processing and trading house, GRM Overseas Ltd has evolved into a major consumer staples organisation and one of India's top five rice exporters. The company initially focused on the Middle East and the United Kingdom but has since expanded its market to 42 countries. With three processing units in Haryana and Gujarat, GRM has an annual production capacity of 440,800 MT and a large warehousing facility near the ports of Kandla and Mundra. The company sells its products under brands like "10X," "Himalaya River," and "Tanoush," as well as through private labels, and has recently focused on direct-to-consumer sales through major retailers both in India and abroad, while maintaining strict quality control.
According to Quarterly Results, the net sales increased by 15 per cent to Rs 362.43 crore and net profit increased by 61 per cent to Rs 14.76 crore in Q2FY26 compared to Q2FY25. Looking at its half-yearly results, the net sales increased by 1 per cent to Rs 689.21 crore and net profit increased by 24 per cent to Rs 33.85 crore in H1FY26 compared to H1FY25. In its annual results, the net sales increased by 2.2 per cent to Rs 1,374.2 crore and net profit increased by 1 per cent to Rs 61.24 crore in FY25 compared to FY24.
The shares of the company have an ROE of 16 per cent and an ROCE of 14 per cent with 3 years ROE track record of 20 per cent. The stock gave multibagger returns of 1,685 per cent in 5 years and a whopping 11,000 per cent over a decade.
Disclaimer: The article is for informational purposes only and not investment advice.