Gamco Limited board of directors approved a preferential allotment of up to 43,05,960 equity shares to non-promoter category investors during its meeting held on August 17, 2026. The issuance aims to raise an aggregate cash consideration of ₹21,52,98,000 (Rupees Twenty-One Crores Fifty-Two Lakhs Ninety-Eight Thousand Only).

The equity shares have a face value of ₹2 each and are issued at a price of ₹50 per share, which includes a premium of ₹48. This pricing is subject to determination in accordance with Regulation 164 of the SEBI (ICDR) Regulations, 2018. The relevant date for determining the floor price was fixed as August 17, 2026, being the 30th day prior to the Annual General Meeting (AGM).

Transaction Structure

The preferential issue is structured under Chapter V of the SEBI (ICDR) Regulations and requires approval from the company’s members. The AGM to seek this approval is scheduled for September 16, 2026. The proposed allottees belong exclusively to the non-promoter category.

Key Allottees

The largest individual allocations in the proposed issue include Thermic Steel Co Pvt Ltd and Ram Krishna Agarwal, who are allotted 400,200 and 400,000 shares respectively. Jenuine Advisory Pvt Ltd is allocated 300,000 shares. Several other entities, including Eragon Sales Private Limited, Akانشa Banquet LLP, Ujesh Banquets Private Limited, and Drolia Agencies Pvt Ltd, have been allotted 200,000 shares each.

Post-allotment shareholding patterns indicate that Thermic Steel Co Pvt Ltd and Ram Krishna Agarwal will each hold approximately 0.69% of the post-issue capital. DA Tradetech Pvt Ltd, which currently holds 65,551 shares (0.12%), will see its stake increase to 249,551 shares (0.43%) following the receipt of 184,000 new shares.

Corporate Governance Updates

In addition to the capital raise, the board appointed M/s V Singhi & Associates as the internal auditor for the financial year 2026-27. This appointment was made on the recommendation of the Audit Committee. V Singhi & Associates is described as a chartered accountancy firm with nearly five decades of experience.

The company has disclosed these developments in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Rashi Goenka, a member of the promoter group of Gamco Limited , has increased her stake in the company to 2.94% following the acquisition of 15,066 equity shares. The open market purchases were executed between August 7 and August 10, 2026, raising her total holding to 15,85,697 shares. This move signals continued confidence from the promoter group in the listed entity’s prospects, as the acquisition was made without any off-market transfers or preferential allotments.

The disclosure was filed with the Bombay Stock Exchange (BSE) and the Compliance Officer of Gamco Limited on August 11, 2026, in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing details the change in shareholding and voting rights, confirming that the acquirer belongs to the promoter group. The transaction involved only equity shares carrying voting rights, with no warrants, convertible securities, or other instruments acquired or sold during this period.

Shareholding Details

Prior to the recent acquisition, Rashi Goenka held 15,70,631 equity shares, which constituted 2.91% of the total share and voting capital of Gamco Limited. None of these shares were encumbered by pledge, lien, or non-disposal undertakings. Following the purchase of 15,066 additional shares, her stake rose by 0.03 percentage points to reach the current level of 2.94%. The total diluted share and voting capital remains unchanged at 5,40,31,500 equity shares of ₹2/- each, valued at ₹10,80,63,000.

The mode of acquisition was strictly through the open market, ensuring transparency in the trading activity. There were no changes in the number of shares encumbered with the acquirer, nor were there any voting rights acquired otherwise than by shares. The face value of each equity share remains at ₹2/-.

Regulatory Compliance

The filing confirms that the total share capital and voting capital figures are based on the latest submission made by Gamco Limited to the stock exchange under Regulation 31 of the SEBI Listing Obligations and Disclosure Requirements Regulations. The disclosure serves as a mandatory update for investors and regulators regarding substantial changes in promoter holdings. As per the SEBI SAST Regulations, such disclosures are required when an acquirer's holding changes by a specified threshold, ensuring market participants are aware of shifts in ownership structure.

No other instruments, such as warrants or convertible securities that entitle the acquirer to receive shares carrying voting rights, were involved in this transaction. The absence of encumbrances on the newly acquired shares indicates that the promoter group is maintaining unpledged holdings, which can be viewed positively by risk analysts monitoring promoter pledge levels. The digital signature on the document verifies the authenticity of the disclosure, dated August 11, 2026, at 14:21:51 +05'30.