Gamco Limited, a prominent player in the Indian financial landscape, has taken a significant step in reshaping its corporate structure. In an Extra-Ordinary General Meeting (EOGM) held on November 5, 2025, shareholders of the company voted overwhelmingly in favor of selling shares in Visco Advisory Private Limited, a wholly-owned subsidiary of GAMCO Limited.

Voting Details

The special resolution for the sale was met with strong shareholder support, as evidenced by the voting results:

Meeting Proceedings

The EOGM, conducted through video conferencing, saw participation from all of GAMCO's directors. Key points from the meeting include:

• The meeting commenced at 12:00 PM IST and concluded at 12:20 PM IST.
• Mr. Risbh Kumar Singhi, Company Secretary & Compliance Officer, welcomed attendees and managed proceedings.
• Mr. Rajeev Goenka served as the Chairman of the meeting.
• Mr. Babu Lal Patni, a Practicing Company Secretary, was appointed as the Scrutinizer to oversee the voting process.

Voting Process

Shareholders were provided with multiple avenues to cast their votes:

1. Remote e-voting was available from November 2, 2025 (9:00 AM IST) to November 4, 2025 (5:00 PM IST).
2. E-voting during the EOGM was facilitated for those who hadn't participated in remote voting.

The e-voting services were provided by Central Depository Services (India) Limited (CDSL), ensuring a secure and transparent voting process.

Implications and Next Steps

While the resolution's approval marks a significant development for GAMCO Limited, the company has not disclosed specific details about the sale's terms or the strategic rationale behind divesting Visco Advisory Private Limited.

As per regulatory requirements, GAMCO Limited is expected to announce detailed voting results, including the Scrutinizer's report, within two working days of the EOGM's conclusion. This information will be made available on the company's website, the CDSL e-voting platform, and relevant stock exchanges.

Investors and stakeholders may want to monitor further announcements from GAMCO Limited regarding the execution of this approved sale and its potential implications on the company's operations.

Gamco Limited has successfully completed the acquisition of approximately 96.26% equity shares in Uma Properties & Traders Limited (UPTL), as announced in a recent regulatory filing. This strategic move marks a significant expansion for GAMCO Limited, with UPTL now becoming its subsidiary.

Acquisition Details

The transaction, which was executed through a Share Purchase Agreement, was finalized within the indicative timeframe outlined in GAMCO's earlier intimation dated September 24, 2025. The completion of this acquisition aligns with the company's growth strategy and may strengthen its position in the real estate sector.

Regulatory Compliance

GAMCO Limited has adhered to the necessary regulatory requirements throughout the acquisition process. The company made the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in its corporate actions.

Key Points of the Acquisition

This acquisition may signify GAMCO Limited's intent to expand its portfolio and potentially leverage UPTL's assets and operations. However, the specific strategic implications and future plans following this acquisition have not been disclosed in the current announcement.

Investors and market watchers may want to keep an eye on future communications from GAMCO Limited for more details on how this acquisition fits into the company's long-term growth strategy and its potential impact on the company's financial performance.

As with any significant corporate action, stakeholders should conduct their own research and consider seeking professional advice to understand the full implications of this acquisition on their investment decisions.