The Board of Directors of the Company, at its Meeting held on Monday, 5th May, 2025 today have inter-alia considered and approved: 1. Audited Standalone and Consolidated Financial Results ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 6.9 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Gamco Ltd's Board, meeting on May 5, 2025, approved audited standalone and consolidated financial results for Q4 and FY ending March 31, 2025, with an unmodified (clean) opinion from statutory auditors M/s Pawan Gupta & Co. The Board recommended a dividend of Re. 0.10 (5%) per equity share on shares of Rs. 2 face value, subject to shareholder approval at the upcoming AGM. Two new auditor appointments were made: Mr. Babu Lal Patni as Secretarial Auditor for 5 years and M/s Kandoi & Associates as Internal Auditors for FY 2025-26. The Board noted the incorporation of a new associate company, Shalimar Gamco Private Limited (SGPL), in the glass and glass products business. Gamco subscribed to 3,300 equity shares (33% stake) at Rs. 10 each, with SGPL reporting NIL turnover for FY25. The investment in SGPL qualifies as a related party transaction since one of Gamco's promoters is a director of SGPL, though done at arm's length to diversify the investment portfolio.
Shareholders stand to receive a small dividend of Re. 0.10 per share, subject to AGM approval. The clean audit opinion is positive, but the related-party nature of the SGPL investment warrants careful review by shareholders at the AGM.