The board of directors of the company at its meeting held today i.e., Thursday, 20.11.2025, subject to requisite approvals/ consent, approved the scheme of amalgamation of Complify Trade ....
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GAMCO Limited's board, at its meeting on 20 November 2025, approved a Scheme of Amalgamation to merge its wholly owned subsidiary Complify Trade Private Limited (CTPL) into itself, subject to required approvals. CTPL, incorporated in October 2023, is engaged in trading and investment activities and reported a turnover of ₹125.14 Lakhs and a net worth of ₹4,250.86 Lakhs as of 30 September 2025. Since CTPL is wholly owned by GAMCO, no new shares will be issued — the equity shares of CTPL will simply stand cancelled upon the scheme becoming effective, and there will be no change in the shareholding pattern of GAMCO. The merger aims to achieve greater financial integration, cost savings, operational synergies, and economies of scale.
This is an internal restructuring with no dilution or change in shareholding, so existing shareholders are not affected in terms of ownership. It may streamline operations and reduce compliance costs, but the financial impact appears modest given CTPL's small turnover relative to its net worth.