This is to inform you that the shareholders of the company in the Extra Ordinary General Meeting on 19th July, 2025, has approved deletion of clause 36 under clause 3(b) of the Memorandum ....
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Gamco Ltd informed the BSE that its shareholders, at an Extra-Ordinary General Meeting held on July 19, 2025, approved the deletion of Clause 36 under Clause 3(b) of the company's Memorandum of Association. The deleted clause had allowed the company to accept money on deposit (with or without interest) and to guarantee the debts and contracts of customers, provided such activity did not amount to banking. The change has been carried out under SEBI Listing Regulations and was signed by the Company Secretary, Risbh Kumar Singhi. The company, formerly known as Visco Trade Associates Limited, is based in Kolkata with a paid-up equity scrip code of 540097 on BSE.
This is a minor administrative/structural change that narrows the scope of activities Gamco can undertake by removing its earlier ability to accept deposits and issue guarantees. It is unlikely to have any direct material effect on shareholders or the stock price in the near term, but signals a cleaner, more focused operational mandate going forward.