Gamco Limited (formerly known as Visco Trade Associates Ltd) has announced its decision to dispose of its entire 100% equity stake in its wholly owned subsidiary, Visco Advisory Private Limited (VAPL). This strategic move, approved by the company's Board of Directors on October 14, 2025, is subject to shareholder approval and other regulatory clearances.

Key Details of the Divestment

Transaction Specifics

• Shareholder Approval: An Extraordinary General Meeting (EGM) is scheduled for November 5, 2025, to seek shareholder approval for the divestment.
• Buyer Details: The prospective acquirer will not belong to the promoter or group companies of Gamco Limited.
• Related Party Transaction: The disposal does not qualify as a related party transaction.
• Agreement and Consideration: Details regarding the sale agreement, completion timeline, and consideration amount will be disclosed once finalized.

Impact on Gamco Limited

Upon completion of the transaction, Visco Advisory Private Limited will cease to be a wholly owned subsidiary of Gamco Limited. Given VAPL's nil contribution to Gamco's consolidated income and net worth, the divestment is not expected to have a significant financial impact on the parent company.

The Board meeting that approved this decision commenced at 11:30 A.M. and concluded at 2:00 P.M. on October 14, 2025. Gamco Limited has assured that it will keep the stock exchanges informed of further developments regarding this divestment.

Investors and stakeholders are advised to monitor official communications from Gamco Limited for updates on the transaction's progress and its potential implications on the company's future strategic direction.

Gamco has announced a significant move in its strategic expansion plans by entering into a Share Purchase Agreement to acquire a majority stake in Uma Properties & Traders Limited (UPTL). The deal, valued at ₹88.00 crores, will see GAMCO acquiring approximately 96.26% of UPTL's paid-up share capital.

Acquisition Details

About Uma Properties & Traders Limited

Strategic Implications

1. Subsidiary Status: Upon completion of the acquisition, UPTL will become a subsidiary of GAMCO.
2. Business Expansion: This acquisition aligns with GAMCO's strategy of exploring opportunities for strategic acquisitions to expand its business portfolio.
3. Market Position: The move is expected to strengthen GAMCO's presence in the real estate sector.

Transaction Insights

• The acquisition does not fall under related party transactions.
• Promoter groups collectively hold approximately 3.60% in UPTL's paid-up share capital.
• No governmental or regulatory approvals are required for this acquisition.

GAMCO has informed the BSE Limited about this acquisition in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company views this acquisition as a step towards its broader expansion strategy in the real estate sector.