GRM Overseas Ltd. — Board/Management Information 2023

Aug 22, 2023

Date: 22.08.2023

To,

The General Manager BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400 001 BSE Scrip Code: 531449

The Manager

National Stock Exchange of India Limited

Listing Department Exchange Plaza 5th Floor, Plot No. C-1, Block-G Bandra-Kurla Complex, Bandra(E) Mumbai-400 051 NSE Scrip Code: GRMOVER

Subject: Outcome of the Board Meeting held on today, the 22[nd] August, 2023

Dear Sir/ Madam,

We wish to intimate you that pursuant to Regulation 30(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Meeting of Board of Directors of GRM Overseas Limited (the “Company”) was held on today, the 22[nd] Day of August, 2023 at the Corporate Office and Works of the Company situated at Village Naultha, Tehsil Israna, Panipat-132145. The Board of directors has approved inter-alia, the following:

1. Re-appointment of Mr. Atul Garg, as Managing Director of the Company.

2. Re-appointment of Mrs. Mamta Garg as Executive director of the company.

3. Re-appointment of Mr. Raj Kumar Garg as Independent Director of the company for a further period of 5 years with effect from 29[th ] September, 2023, subject to the approval of shareholders at the General Meeting.

4. Recommendation of appointment of M/s Mehra Goel & Co., Chartered Accountants (FRN No: 000517N) as Statutory Auditors of the company for a period of 5 (Five) years from the conclusion of 29[th] Annual General Meeting till the 34[th] Annual General Meeting (AGM) of the Company for the Financial Year 2027-28, subject to the approval of shareholders at the ensuing 29[th] AGM.

5. Approval of Director’s report and Annual Report along with its Annexures for the financial year ended 31[st] March, 2023.

6. Approved the Notice of 29[th] Annual General Meeting (AGM) of the Company to be held on Tuesday, 26[th] September, 2023.

7. The Registrar and Share Transfer Books of the company shall remain closed from 20[th] September, 2023 to 26[th ] September, 2023 (both days inclusive) for the purpose of Annual General Meeting.

Further, the disclosure as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/ CFD /CMD/4/2015 dated September 9, 2015, SEBI master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 is as under:

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			Disclosure Mr. Atul Garg Re-appointment of Mr. Atul Garg (DIN: 02380612) as Managing Director of the company. Date of re-appointment with effect from 28th May, 2024. He shall hold office for a further period of 5 years w.e.f 28thMay, 2024, subject to the approval of Shareholders. Mr. Atul Garg is the visionary behind GRM's commitment to producing high-quality products and creating an unparalleled brand experience. Armed with a degree in International Marketing from the University of West London, Mr. Garg began his career at GRM by immersing himself in the intricacies of milling and quality control to ensure that every grain met the highest standards. Through his customer-centric strategy, Mr. Garg leads his team to acquire actionable insights into their target audience by asking questions about how, when, and where their products and services can enhance their customers' lives. He is managing the day to day affairs of the Company with the assistance of the Board of Directors and executives of the Company. Mr. Hukam Chand Garg is Father of Mr. Atul Garg and Mr. Atul Garg is brother in law of Mrs. Mamta Garg.
	S. No.	Disclosure Requirements	Disclosure
			Mr. Atul Garg
	1	Reason for change viz. re- appointment	Re-appointment of Mr. Atul Garg (DIN: 02380612) as Managing Director of the company.
	2	Date of re- appointment and term of re- appointment	Date of re-appointment with effect from 28th May, 2024. He shall hold office for a further period of 5 years w.e.f 28thMay, 2024, subject to the approval of Shareholders.
	3	Brief profile (in case of appointment)	Mr. Atul Garg is the visionary behind GRM's commitment to producing high-quality products and creating an unparalleled brand experience. Armed with a degree in International Marketing from the University of West London, Mr. Garg began his career at GRM by immersing himself in the intricacies of milling and quality control to ensure that every grain met the highest standards. Through his customer-centric strategy, Mr. Garg leads his team to acquire actionable insights into their target audience by asking questions about how, when, and where their products and services can enhance their customers' lives. He is managing the day to day affairs of the Company with the assistance of the Board of Directors and executives of the Company.
	4	Disclosure of relationships between directors (in case of appointment of a director).	Mr. Hukam Chand Garg is Father of Mr. Atul Garg and Mr. Atul Garg is brother in law of Mrs. Mamta Garg.

Further, in compliance with SEBI Regulations, as amended from time to time, we hereby confirm that Mr. Atul Garg, is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

S. No.	Disclosure Requirements	Disclosure
		Mrs. Mamta Garg
1	Reason for change viz. re- appointment	Re-appointment of Mrs. Mamta Garg (DIN: 05110727) as Executive Director of the company.
2	Date of re- appointment and term of re- appointment	Date of re-appointment with effect from 22nd August, 2023. She shall hold office for a further period of 5 years w.e.f 22ndAugust, 2023, subject to the approval of Shareholders.

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			Mrs. Mamta Garg is an experienced professional with an extensive knowledge of the finance domain. She has continually proven to be instrumental in the day to day activities of the company. Mrs. Garg has consistently demonstrated a strong aptitude for optimizing financial performance and driving business growth Mr. Hukam Chand Garg is Father-in-law of Mrs. Mamta Garg and Mr. Atul Garg is brother in law of Mrs. Mamta Garg.
	3	Brief profile (in case of appointment)	Mrs. Mamta Garg is an experienced professional with an extensive knowledge of the finance domain. She has continually proven to be instrumental in the day to day activities of the company. Mrs. Garg has consistently demonstrated a strong aptitude for optimizing financial performance and driving business growth
	4	Disclosure of relationships between directors (in case of appointment of a director).	Mr. Hukam Chand Garg is Father-in-law of Mrs. Mamta Garg and Mr. Atul Garg is brother in law of Mrs. Mamta Garg.

Further, in compliance with SEBI Regulations, as amended from time to time, we hereby confirm that Mrs. Mamta Garg, is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

	S. No.	Disclosure Requirements	Disclosure
			Mr. Raj Kumar Garg
	1	Reason for change viz. re- appointment	Re-appointment of Mr. Raj Kumar Garg (DIN: 08213680) as an Independent Director of the company.
	2	Date of re- appointment and term of re- appointment	Date of re-appointment with effect from 29th September, 2023. He shall hold office for a further period of 5 years w.e.f 29thSeptember, 2023, subject to the approval of Shareholders at the General Meeting.
	3	Brief profile (in case of appointment)	Dr. Raj Kumar Garg is a MBBS and also hold MD degree. He has approximately 30 years of rich and versatile experience. He held numerous senior positions as surgeon in various reputed private and government hospitals. It will be in the interest of the company that he continues as an Independent Director of the company.
	4	Disclosure of relationships between directors (in case of appointment of a director).	He does not have inter-se relationship with any Director of the Company.

Further, in compliance with SEBI Regulations, as amended from time to time, we hereby confirm that Mr. Raj Kumar Garg, is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

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			Disclosure M/s Mehra Goel & Co., Chartered Accountants M/s Mehra Goel & Co., Chartered Accountants (FRN No: 000517N) Appointment as statutory auditors of the Company. The term of current Statutory Auditors M/s Vinod Kumar & Associates will be expiring at the conclusion of the ensuing 29thAnnual General Meeting. It is proposed to appoint M/s Mehra Goel & Co., Chartered Accountants (FRN No: 000517N) as Statutory Auditors of the Company in place of the OutgoingAuditors. Term: 5 Years For a period of 5 consecutive financial years i.e upto the conclusion of the AGM to be held for the financial year ended 31st March, 2028. The service portfolio of M/s. Mehra Goel & Co includes Audit, Taxation, Advisory, Management Consulting, and Secretarial Services. The industry experience of Mehra Goel & Co. includes the core sectors of Steel, Telecom, Banking, energy and Automobiles. The client base consists of Multinational Corporations, Indian Private Companies, Public Sector Enterprises, Joint Ventures, Non-Profit Organizations, Charitable and Religious Trusts,High net worth individuals and expatriates. Not Applicable
	S. No.	Disclosure Requirements	Disclosure
			M/s Mehra Goel & Co., Chartered Accountants
	1	Name of the Statutory Auditor	M/s Mehra Goel & Co., Chartered Accountants (FRN No: 000517N)
	2.	Reason for change viz. appointment, resignation, removal, death or otherwise.	Appointment as statutory auditors of the Company. The term of current Statutory Auditors M/s Vinod Kumar & Associates will be expiring at the conclusion of the ensuing 29thAnnual General Meeting. It is proposed to appoint M/s Mehra Goel & Co., Chartered Accountants (FRN No: 000517N) as Statutory Auditors of the Company in place of the OutgoingAuditors.
	3	Date of appointment & term of appointment	Term: 5 Years For a period of 5 consecutive financial years i.e upto the conclusion of the AGM to be held for the financial year ended 31st March, 2028.
	4	Brief profile (in case of appointment)	The service portfolio of M/s. Mehra Goel & Co includes Audit, Taxation, Advisory, Management Consulting, and Secretarial Services. The industry experience of Mehra Goel & Co. includes the core sectors of Steel, Telecom, Banking, energy and Automobiles. The client base consists of Multinational Corporations, Indian Private Companies, Public Sector Enterprises, Joint Ventures, Non-Profit Organizations, Charitable and Religious Trusts,High net worth individuals and expatriates.
	5	Disclosure of relationships between directors	Not Applicable

The meeting of Board of Directors commenced at 05:45 P.M and concluded at 07:40 P.M.

The above information is also available on the website of company at www.grmrice.com.

You are requested to kindly take the same on your record.

Thanking you.

Yours faithfully,

FOR GRM OVERSEAS LIMITED Sachin Narang Digitally signed by Sachin Narang DN: c=IN, st=Haryana, 2.5.4.20=3ecebb72f0be843c3e38a59abe0f59893616a3301074b6461f54d9a5a5810a0b, postalCode=132103, street=HOUSE -283,WARD 1,INSAR BAZAR,Panipat,Panipat,Panipat,Panipat, pseudonym=a4a4388956b40c38f982d2b341b23f3c, serialNumber=25d01b5a7a3673640cfa78418cff845388c0b990fe67a19485e26219be40c85f, title=5587, o=Personal, cn=Sachin Narang Date: 2023.08.22 19:41:58 +05'30' SACHIN NARANG COMPANY SECRETARY AND COMPLIANCE OFFICER M.NO: 65535