In an important corporate update, GAMCO Limited (formerly known as Visco Trade Associates Limited) has disclosed that its shareholders have approved a special resolution to amend the Memorandum of Association (MoA) at the company’s Extra-Ordinary General Meeting (EOGM) held on 19 July 2025.

The resolution sought the deletion of Clause 36 under Clause 3(b) of the MoA. The resolution was passed with an overwhelming majority of 99.9998% votes in favour, clearly showing the shareholders’ support for the proposed change.

The meeting was conducted virtually via Video Conferencing (VC)/Other Audio Visual Means (OAVM), in line with the SEBI circulars and Ministry of Corporate Affairs (MCA) guidelines that continue to support digital AGMs post-COVID.

According to the disclosure filed under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the voting details are as follows:

• Total number of shareholders as on record date: 6,642

• Total votes polled: 4,31,53,124 out of 5,40,31,500 shares (representing 79.87% of shareholding)

• Votes in favour: 4,31,53,047 (99.9998%)

• Votes against: 77 (0.0002%)

Breakdown by category:

• Promoter & Promoter Group: 99.73% participation, with 100% voting in favour

• Public Non-Institutional Investors: 32.44% participation, with 99.9985% voting in favour

• Public Institutional Holders: Negligible participation

The scrutinizer’s report, prepared by Babu Lal Patni, Practising Company Secretary, confirms the validity of the remote e-voting and e-voting at the EGM. The report stated that the voting process was conducted in compliance with the Companies Act, 2013 and applicable rules.

The notice for the EOGM was originally issued on 27 June 2025, and the remote e-voting was open from 16 July 2025 to 18 July 2025. All voting was done electronically as the physical attendance and proxy provisions were dispensed with due to the virtual format.

The Chairman of the company has been handed over the electronic voting data and the scrutinizer’s report for formal recording and filing.

This corporate action is considered a part of the company’s internal restructuring efforts and may pave the way for further governance or operational changes.

The full results and scrutinizer’s report have been uploaded to the company’s website www.gamco.co.in and are also available on the BSE platform under Scrip Code: 540097.

GAMCO Limited, headquartered in Kolkata, operates under CIN: L57339WB1983PLC035628 and has been steadily updating its corporate structure since its rebranding from Visco Trade Associates Ltd.

This resolution approval may be a precursor to more strategic amendments, as the company navigates evolving regulatory and market landscapes.

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