Meeting will held to transact special business, to be passed by special resolution: Sale of shares held in Visco Advisory Private Limited, wholly owned subsidiary of the company. Notice ....
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Awaiting price reaction for this filing.
Gamco Ltd has called an Extra-Ordinary General Meeting on November 5, 2025 to seek shareholder approval (via special resolution) for selling its entire shareholding in Visco Advisory Private Limited (VAPL), a wholly owned subsidiary. VAPL owns approximately 17 acres of land in a strategic, high-potential area. The minimum sale consideration is set at Rs. 36 lakhs, or the fair value as determined by an Independent Registered Valuer, whichever is higher. VAPL's paid-up share capital is only Rs. 10 lakhs (1 lakh equity shares of Rs. 10 each), but the company describes this as a 'strategic monetisation' to unlock substantial underlying land value. Although VAPL is not a material subsidiary, the company is voluntarily seeking member approval under SEBI LODR Regulations 24(5), 24(6) and 37A for transparency.
The floor price of Rs. 36 lakhs appears modest given VAPL's 17-acre land holding — actual proceeds could be materially higher if the independent valuer assigns higher fair value, potentially a positive trigger for shareholders. However, given Gamco's small size, this is unlikely to move the needle on stock price unless the realised value significantly exceeds the minimum benchmark.