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Stock market update: Shares of this company in focus as it allots over 3.7 million shares to its promoter group: Check details
24htopnews | February 11, 2026 7:06 PM CST

Stock market update: FMCG sector smallcap company GRM Overseas Ltd had given important information to investors after the market closed last Tuesday after which the companys stock is in focus today. The company in its latest exchange filing had said that a total of 3714000 equity shares at face value ₹2 per share have been allotted to the promoter group and persons acting in concert (PAC) pursuant to conversion of warrants and allotment of reserved bonus shares in the company. The names associated with this acquisition include Atul Garg Mamta Garg Hukam Chand Garg and Nipun Jain. Of these Atul Garg Mamta Garg and Hukam Chand Garg belong to the companys promoter/promoter group while Nipun Jain holds a director position. Last seen the companys stock was trading at Rs 162.17 up 0.57% or Rs 0.92 on the NSE and at Rs 162.15 up 0.53% or Rs 0.85 on the BSE. Releasing the consolidated results for Q3FY26 the company said that the total revenue for the third quarter of FY26 (Q3FY26) stood at Rs 492.6 crore which is 28.9% higher than Rs 382.2 crore in the same quarter last year (Q3FY25). EBITDA was ₹313 million an increase of 34.1% year-on-year compared to ₹233 million in the same quarter last year. EBITDA margin for the quarter was 6.3%. Meanwhile the companys net profit (PAT) was ₹19.3 crore an increase of 42.8% compared to the previous year. Profit margin was 3.9% in Q3FY26 compared to 3.5% in Q3FY25. Atul Garg Managing Director of the company said that GRM Overseas recorded a strong 28.9% year-on-year growth in total revenue in the third quarter of FY2026. This growth was driven by strong demand in both domestic and international markets. The company maintained its strong foothold in international markets achieving 21% year-on-year growth driven by stable demand for premium basmati rice despite geopolitical uncertainties. Meanwhile equity benchmark indices started on a positive note on Wednesday with Sensex rising over 200 points in early trade amid mixed trends from global markets. However both indices later turned volatile as investors booked profits at higher levels. The 30-share BSE Sensex advanced 213.42 points or 0.25 per cent to 84487.34 in early deals. The 50-share NSE Nifty rose 74.25 points to 26009.40.


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