Mumbai, October 20 (Udaipur Kiran): Shares of GRM Overseas Ltd. gained over 1.5% in Monday’s trade after the rice processing major announced a strategic distribution agreement with Saudi Arabia-based Seven Star Company for its premium basmati rice brand ‘10X’.
The stock is currently trading at ₹404.05, up ₹6.30 or 1.58% from its previous close of ₹397.75 on the BSE. It opened at ₹401.55 and touched an intraday high of ₹404.05 and low of ₹399.20. A total of 11,710 shares changed hands on the counter.
The BSE Group ‘B’ stock, with a face value of ₹2, has recorded a 52-week high of ₹408.50 (October 9, 2025) and a low of ₹175.95 (January 13, 2025) — reflecting a sharp rebound in the stock’s performance this year. The company’s market capitalization now stands at ₹2,470.34 crore.
Shareholding Pattern
Promoters hold 70.84%, while institutional investors and non-institutional investors own 2.38% and 26.79%, respectively.
Strategic Partnership Details
GRM Overseas has entered into a distribution agreement with Seven Star Company, headquartered in Riyadh, Saudi Arabia, for the exclusive distribution of its flagship brand ‘10X’ basmati rice across the Saudi Arabian market.
Under this collaboration, Seven Star Company will leverage its strong retail and distribution network to market and sell ‘10X’ basmati rice in multiple pack sizes, targeting key regions across Saudi Arabia.
The partnership marks a major milestone in GRM Overseas’ international expansion strategy, particularly in the Middle East, one of the largest global markets for Indian basmati rice.
About GRM Overseas
Headquartered in Panipat, GRM Overseas Ltd. is one of India’s leading rice processing and export companies, primarily engaged in the processing, packaging, and sale of basmati and non-basmati rice under brands such as ‘10X’, ‘Himalayan River’, and ‘Tanoush’.
The company continues to strengthen its global footprint through exports to over 38 countries, focusing on quality, innovation, and expanding its premium rice segment.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.