GRM Overseas Limited Board Approves Alteration of MOA and Re-appointment of Independent Director
GRM Overseas Limited's Board of Directors, during a meeting held on April 7, 2026, approved key corporate actions including the recommendation for altering the company's Memorandum of Association (MOA) and the re-appointment of an Independent Director.The Board meeting, held at the Corporate Office and Works of the Company in Village Naultha, Tehsil Israna, Panipat-132145, approved several items, among them the special resolution for altering the Object Clause of the MOA.
The approved additions to the MOA include:
- Engaging in the business of sustainable energy solutions and related infrastructure, including the generation and distribution of power from non-conventional and emerging sources.
- Undertaking manufacturing, processing, and development of specialized advanced materials, high-performance alloys, and strategic industrial components for use in high-growth technology sectors.
- Designing, developing, and trading in precision electronic hardware and systems for industrial, automotive, and consumer applications.
Additionally, the Board recommended the re-appointment of Mrs. Nidhi (DIN: 09270573) as an Independent Director for a second term spanning five years, effective from August 12, 2026. This re-appointment is subject to shareholder approval at the forthcoming General Meeting.
Details regarding Mrs. Nidhi's re-appointment are summarized below:
| Disclosure Requirement | Details |
|---|---|
| Reason for change | Re-Appointment: The present term of Mrs. Nidhi (DIN: 09270573) will be expiring on 11th August, 2026. She is re-appointed for a second term of 5 consecutive years w.e.f. 12th August, 2026 as an Independent Director of the company. |
| Date of appointment/term | Date of re-appointment with effect from 12th August, 2026. She shall hold office for a further period of 5 years w.e.f 12th August, 2026, subject to the approval of Shareholders at the General Meeting. |
| Brief profile | Mrs. Nidhi is a Science Graduate from Rohilkhand University, Bareilly, with specialization in Botany and Chemistry, and also holds a Post Graduate degree in Chemistry from the same university. She has experience in the business, particularly in the export of handicraft and handloom products. |
The Board also prepared a draft notice for an Extra-Ordinary General Meeting (EGM) scheduled for Saturday, May 2, 2026, to seek member approval for the aforementioned matters, to be held via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
For determining eligibility for remote e-voting, the Company fixed Saturday, April 25, 2026, as the 'Cut-off-Date'.
In addition, M/s. Devesh Arora & Associates, Practicing Company Secretaries, were appointed by the Board of Directors to scrutinize the e-voting process transparently for the EGM.
The Company's operational locations include factories in Gohana Road (Panipat), Haryana; Naultha (Panipat), Haryana; and Gandhidham, Gujarat.
GRMOVER Stock Price Movement
As of 2:59 PM, GRM Overseas Limited rallies 3.79% in live trading, pushing shares up by ₹6.11 to ₹167.3. The underlying volume is significant, with 2.66 million shares actively trading in the current market session.Source:
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