The company have subscribed 3300 Equity Shares of Rs. 10/- each of Shalimar Gamco Private Limited which amounts to 33% of the Equity equivalent on a fully diluted basis in SGPL.
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Gamco Ltd's board, at its meeting on 5th May 2025, approved subscribing to 3,300 equity shares of Rs. 10/- each in newly incorporated Shalimar Gamco Private Limited (SGPL), giving it a 33% stake on a fully diluted basis for a cash consideration. SGPL was incorporated on 30 December 2024 and is engaged in the glass and glass products business, but reported nil turnover for FY ending March 2025. One of Gamco's promoters is also a director of SGPL, making this a related-party transaction done at arm's length, aimed at diversifying the company's investment portfolio. Separately, the board approved FY25 audited results with an unmodified opinion, recommended a 5% dividend (Re. 0.10 per share on Rs. 2 face value), and appointed new secretarial and internal auditors.
Diversification into glass products via an associate stake is a modest portfolio-expansion move, but SGPL is freshly set up with zero revenue, so no near-term earnings impact. Small dividend and routine auditor changes indicate stable but unspectacular operations for shareholders.