Appointment of Mr. Satish Kumar Garg as an Non-Executive Independent Director on the Board of the Company w.e.f 21.05.2026.
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Gamco Limited reported its audited financial results for FY2026 with Total Income of Rs. 27,878.56 Lakhs (standalone) and Rs. 30,217.32 Lakhs (consolidated), up significantly from Rs. 5,096.94 Lakhs and Rs. 6,246.31 Lakhs respectively in FY2025. However, the company recorded a Net Loss of Rs. 4,499.99 Lakhs (standalone) and Rs. 4,714.44 Lakhs (consolidated) compared to Net Profit of Rs. 516.28 Lakhs and Rs. 643.87 Lakhs in the previous year. The loss was primarily due to a valuation loss of Rs. 5,010.65 Lakhs on equity securities held as inventory due to adverse market conditions. The Board approved appointment of Mr. Satish Kumar Garg (a Chartered Accountant, Company Secretary, and LL.B. holder) as Independent Non-Executive Director for 3 years, and Ms. Monika Kedia as Company Secretary and Compliance Officer. Additionally, the company proposed investing up to Rs. 6.00 Crore to acquire up to 10% stake in Blissara Resorts Private Limited, marking its entry into the Hospitality sector. Auditors Pawan Gupta & Co. gave an unmodified opinion.
Despite strong revenue growth driven by securities trading, the significant net loss due to mark-to-market losses on inventory raises concerns about asset quality and profitability. The expansion into hospitality via the Blissara Resorts acquisition signals strategic diversification but involves a relatively small investment of up to Rs. 6 crore. The independent director appointment adds governance strength.