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Stock market update: Consumer staples company GRM Overseas stock is on investors radar today as it has released four important pieces of information after market close last Friday. Currently its market cap is ₹ 3034.16 crore. In its latest exchange filing the company stated that the board members meeting approved several decisions including the approval for conversion of warrants into shares. The company issued a total of 9070000 convertible warrants at a price of ₹150 per warrant on August 8 2024. As per regulations 25% of the amount i.e. ₹37.50 per warrant (totaling ₹34.01 crore) was taken as an advance from investors at that time. Of these 1352000 warrants were already converted into equity shares on May 28 2025. The remaining 75% of the amount at ₹112.50 per warrant has now been received from investors for the remaining 7718000 warrants totaling ₹86.82 crore. Subsequently the companys board has approved the issuance of 7718000 equity shares with a face value of ₹2. The Company had approved the issuance of bonus shares in a 2:1 ratio i.e. two new shares for every one equity share held at its General Meeting held on December 9 2025. Following this decision the Company has issued an additional 15436000 bonus shares on top of the 7718000 equity shares issued through warrants. The paid-up share capital of the Company prior to the warrant conversion and bonus share issue was ₹36.81 crore divided into 184056000 equity shares. This has now increased to ₹41.44 crore divided into a total of 207210000 equity shares. The company stated that it no longer has any warrants outstanding. All 9070000 warrants have been fully converted into shares. The companys stock was trading 0.27% or Rs 0.45 lower at Rs 164.85 at the time of writing the report and on the NSE the stock was trading 0.21% or Rs 0.35 lower at Rs 164.70.