Shares of GRM Overseas Limited may remain in focus after promoter and Managing Director Atul Garg increased his stake in the company through an open market purchase, signaling continued confidence in the company’s prospects.

According to a regulatory filing submitted to the stock exchanges, Atul Garg acquired 1,50,000 equity shares of GRM Overseas on June 8, 2026, through an open market transaction. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.  

Prior to the acquisition, Atul Garg and persons acting in concert (PACs) held 12,96,14,445 equity shares, representing a 62.55% stake in the company. Following the purchase of 1.5 lakh shares, the combined holding increased to 12,97,64,445 equity shares, translating into a 62.62% stake.  

The acquisition resulted in an increase of 0.07 percentage points in the promoter group’s shareholding. The transaction was executed through the open market and did not involve any warrants, convertible instruments, pledges, or other encumbrances.  

The disclosure identified Atul Garg as the acquirer, while the persons acting in concert include Mamta Garg, Hukam Chand Garg, and Nipun Jain. The company’s shares are listed on both the National Stock Exchange of India and the BSE Limited.  

As per the filing, GRM Overseas’ equity share capital remains unchanged at ₹41.44 crore, comprising 20.72 crore equity shares with a face value of ₹2 each.  

Promoter buying is often closely monitored by investors as it can reflect management’s confidence in the company’s long-term growth outlook. The latest purchase further strengthens the promoter group’s majority holding in the rice exporter and FMCG player.