Please be informed that the board of directors of the company had in its meeting held today i.e., 14.10.2025, has approved the decisions annexed herewith.
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The board of Gamco Ltd approved the disposal of its entire 1,00,000 equity shares (100% holding) in wholly owned subsidiary Visco Advisory Private Limited (VAPL). VAPL is not a material subsidiary and contributed NIL income to the company's consolidated revenue, with a negligible negative net worth of Rs. 9.17 lakhs as of March 31, 2025. Upon completion, VAPL will cease to be a wholly owned subsidiary. An Extraordinary General Meeting has been scheduled for November 5, 2025 to seek shareholder approval.
This is a non-material disposal with no impact on consolidated revenues since the subsidiary contributed nothing to income. Shareholders will vote on the proposal at the upcoming EGM; the identity of the buyer and sale consideration have not yet been disclosed and will be shared once finalised.