The Board of Directors of the Company at its meeting held on Monday 5th May, 2025 recommended a dividend of Re. 0.10p (5%) per equity share of Rs. 2 each for the financial year ended 31st March, 2025
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Gamco Ltd's board, meeting on May 5, 2025, approved audited standalone and consolidated financial results for FY ending March 31, 2025, with an unmodified audit opinion. The board recommended a dividend of Re. 0.10 (5%) per equity share on Rs. 2 face value, subject to shareholder approval at the upcoming AGM. The company also appointed Mr. Babu Lal Patni as Secretarial Auditor for 5 years and M/s. Kandoi & Associates as Internal Auditor for FY 2025-26. Additionally, Gamco has subscribed to a 33% stake (3,300 shares at Rs. 10 each, totaling Rs. 33,000) in a newly incorporated associate company, Shalimar Gamco Private Limited, which operates in the glass and glass products business and reported nil turnover.
The dividend amount is very small (Re. 0.10 per share), making it more of a token gesture than a meaningful return for shareholders. The tiny investment in a new associate company signals minor portfolio diversification but is too small to materially impact the business.