GRM Overseas, a well-known company involved in the business of Basmati rice, has given another good news for its investors. For those who had expressed confidence in the shares of this company, there is now a double reason for profit. On one hand, the stock has given a tremendous return of about 140 percent in the last one year, while now the company is going to give 2 bonus shares for 1.
The board of the company had already approved the issue of bonus shares and now the record date for this has also been announced. According to the information given to the exchange, the record date has been fixed for Wednesday, December 24. This means that only those investors who have shares of GRM Overseas in their demat account till this date will be entitled to receive the bonus shares.
Your shares will increase 3 times
GRM Overseas has decided to give bonus shares in the ratio of 2:1. If you currently hold 1 share of the company, you will get 2 shares free. That means overall the number of your shares will triple. If an investor has 100 shares, then after the bonus his account will have 300 shares. The company has said that the allotment of bonus shares will be done on December 26.
Why does bonus increase interest?
Bonus shares do not take any money out of investors’ pockets, but the number of shares increases. This makes the share price more accessible to common investors and its liquidity in the market also improves. This is the reason why after such corporate actions, there is often a good movement in the stocks.
Excellent quarterly results boosted confidence
The recent quarterly results of GRM Overseas have also strengthened the confidence of investors. In the second quarter of the financial year 2025-26, the company’s net profit increased by more than 60% on an annual basis to about Rs 15 crore. This profit was much less in the same quarter last year. The company’s earnings i.e. revenue has also registered an increase of more than 16%. Apart from this, the company has also performed brilliantly at the operating level. The increase of about 54% in EBITDA shows that the business model is getting stronger.
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