Notice of 43rd Annual general Meeting for the F.Y.-2024-25
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Gamco Ltd (formerly Visco Trade Associates) has notified BSE of its 43rd AGM to be held on Monday, September 22, 2025 at 11:30 AM in Kolkata. Book closure runs from September 16 to September 22, 2025, with the record date set for September 15, 2025 to determine eligibility for the final dividend. The Board has recommended a 5% dividend (₹0.10 per share on face value of ₹2) for FY 2024-25, subject to shareholder approval at the AGM. The annual report reveals a sharp fall in standalone profit after tax to ₹516.28 Lakh from ₹3,312.72 Lakh in the previous year, driven by a notional mark-to-market loss of ₹1,705.24 Lakh during the second-half equity market downturn, though the company still booked realised gains of ₹2,276.65 Lakh. Revenue from operations dropped to ₹5,018.68 Lakh from ₹21,129.93 Lakh because stock purchases were reclassified as investments. During the year, the company executed a stock split (₹10 to ₹2 face value), a 5:4 bonus issue, rebranded from Visco Trade Associates to Gamco Ltd, and entered glass manufacturing through a 33% stake in Shalimar Gamco Glasses.
For shareholders, the AGM is largely procedural, but the September 15 record date is critical for dividend eligibility. The proposed 5% dividend is materially lower than last year's 10% on a ₹10 face value, reflecting the weaker FY 2024-25 earnings. The profit decline and rising debt-equity ratio (from 1.23x to 2.33x) signal higher financial risk, though the company's diversified asset strategy (equity, real estate, warehousing, glass) and brand repositioning could support a re-rating if execution improves.