BSEGamco LtdLowNeutral
Announced Fri, 29 Aug · 20:04 IST

Pursuant to regulation 42 of SEBI (LODR) Regulations, 2015, the register of members and share transfer books of the company will remain closed from tuesday, 16th September, 2025 to monday, ....

Board & Shareholder Meetings View source PDF

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AI summary

Gamco Ltd has notified BSE that its 43rd Annual General Meeting will be held on Monday, 22nd September 2025 at 11:30 AM in Kolkata. The Register of Members and Share Transfer Books will remain closed from Tuesday, 16th September 2025 to Monday, 22nd September 2025 (both days inclusive). The Record Date for the proposed final dividend is set as Monday, 15th September 2025. The Board has recommended a dividend of Rs 0.10 (5%) per equity share of face value Rs 2 each for FY 2024-25, subject to shareholder approval. The company (formerly known as Visco Trade Associates) operates as a non-deposit-taking NBFC with diversified interests in equity investments, real estate, warehousing and glass manufacturing. FY24-25 saw a sharp decline in standalone profit after tax to Rs 516.28 Lakh from Rs 3,312.72 Lakh, driven by a notional valuation loss of Rs 1,705.24 Lakh due to a broader market downturn, though the company did realize gains of Rs 2,276.65 Lakh during the year.

Likely market impact

Shareholders holding shares as of the record date (15 September 2025) will be eligible for the proposed Rs 0.10 dividend if approved at the AGM. The stock will not be tradable during the book closure period (16-22 September 2025). The significant drop in FY25 profit reflects market-driven valuation losses rather than operational weakness, and the dividend is notably lower than the 10% paid for FY24 (proportionally similar on the new face value).