The Board recommended a dividend of Re. 0.10p (5%) per equity share of Rs. 2/- each for the financial year 31st March, 2025
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Gamco Ltd's Board, at its meeting on 5 May 2025, approved audited standalone and consolidated financial results for the quarter and year ended 31 March 2025, with the statutory auditors (M/s Pawan Gupta & Co.) issuing an unmodified opinion. The Board recommended a small dividend of Re. 0.10 (5%) per equity share on a face value of Rs. 2, subject to shareholder approval at the upcoming AGM. The company also appointed Mr. Babu Lal Patni as Secretarial Auditor for five years and M/s. Kandoi & Associates as Internal Auditor for FY 2025-26. Additionally, Gamco subscribed to a 33% stake (3,300 equity shares at Rs. 10 each) in newly incorporated Shalimar Gamco Private Limited, a glass products company. Notably, this investment qualifies as a related party transaction since one of Gamco's promoters is also a director of SGPL, though it was done at arm's length.
The 5% dividend is modest and unlikely to meaningfully move the stock price, but signals the company is profitable enough to reward shareholders. The acquisition is very small in value (around Rs. 33,000) and SGPL had zero turnover in FY25, so limited near-term impact on financials, though the related-party nature is worth noting for governance-conscious investors.