Gamco Limited shareholders have approved the appointment of Satish Kumar Garg as a non-executive independent director following an Extra-Ordinary General Meeting (EOGM) held on August 18, 2026. The resolution was passed with overwhelming support, reflecting strong backing from both promoter and public shareholders.

The meeting was conducted through Video Conferencing or other Audio Visual Means (VC/OAVM) in compliance with regulatory guidelines that dispense with physical attendance. Pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the voting results and scrutinizer’s report.

Voting Breakdown

A total of 47,250,262 votes were polled out of 54,031,500 outstanding shares, resulting in a participation rate of 87.4495%. The promoters and promoter group voted in full, while public non-institutional holders showed significant engagement.

Promoters and promoter group were not interested in the agenda or resolution. The voting process included remote e-voting and e-voting during the EOGM. No postal ballot was applicable for this resolution.

Scrutinizer’s Report

Babu Lal Patni, a Practising Company Secretary, served as the scrutinizer for the e-voting process. The remote e-voting period commenced on August 15, 2026, at 9:00 am and concluded on August 17, 2026, at 5:00 pm. The Central Depository Services Limited (CDSL) platform facilitated the electronic voting.

The scrutinizer confirmed that the data was unblocked in the presence of two independent witnesses after the close of the voting period. The report states that only members present via VC who had not already voted remotely were permitted to cast votes during the meeting. All electronic records are under safe custody and will be handed over to the Chairman upon approval of the minutes.

What the Numbers Show

The near-unanimous support for the appointment highlights broad alignment between promoter and public shareholders on board composition. With promoters casting all their shares in favour and public institutional investors abstaining entirely, the outcome was driven by the promoter block and retail participation. The negligible opposition—just 778 votes against out of over 47 million polled—indicates no material dissent regarding the candidate’s qualifications or independence.

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.