Nikita Goenka, one of the prominent promoters of GAMCO Limited, has made a significant move by acquiring an additional 3,000 equity shares of the company. This acquisition, executed through open market transactions starting from 07.03.2025, raises her total holding in GAMCO Limited to 2,88,144 equity shares, which amounts to 1.20% of the company’s total issued and paid-up equity capital.

This disclosure has been made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, also known as SEBI SAST Regulations, which mandates the acquirer or promoter to disclose any substantial changes in shareholding or voting rights.

Details of the Acquisition

Before the acquisition, Nikita Goenka’s shareholding in GAMCO Limited was at 2,85,144 equity shares, which accounted for 1.18% of the total equity share capital. After the acquisition of 3,000 more shares, her holding increased to 2,88,144 equity shares, representing 1.20% of the total equity share capital of the company. This increase, although minor in percentage, indicates a continuing confidence in the company’s prospects and growth.

The total equity share capital of GAMCO Limited before the acquisition stood at Rs. 4,80,28,000 (comprising 2,40,14,000 equity shares of Rs. 2/- each). After this acquisition, the total equity share capital remains unchanged, but the acquisition has raised the acquirer's total voting capital to 1.20%.

Mode of Acquisition

The acquisition was carried out through open market transactions, a method commonly used in stock market purchases. Open market acquisitions provide flexibility and transparency in share dealings, and this method aligns with the regulatory frameworks that require disclosures in such transactions.

SEBI Compliance and Corporate Governance

This acquisition was disclosed as per the mandatory reporting requirements under Regulation 29(2) of the SEBI (SAST) Regulations, ensuring that GAMCO Limited, its promoters, and the stock exchanges are informed of any substantial changes in shareholding or voting rights. The disclosure ensures transparency and is a part of the regulatory framework designed to provide a level playing field for all stakeholders in the company, including investors, shareholders, and the public.

Shareholding and Voting Rights

The acquisition of 3,000 equity shares results in a small but notable increase in voting rights for Nikita Goenka, reinforcing her position as a promoter and a significant shareholder of the company. This disclosure also provides insight into the broader picture of shareholder equity in GAMCO Limited and helps investors understand the control and influence of key promoters.

The full details of the acquisition are now available to the public, ensuring compliance with stock market regulations and providing transparency in the company’s shareholding structure.

Conclusion

Nikita Goenka’s acquisition of 3,000 equity shares is a move that solidifies her position as a promoter of GAMCO Limited and brings her total stake in the company to 1.20%. Through this transaction, she continues to show confidence in the company’s growth and governance. The SEBI SAST Regulations ensure that such changes are promptly disclosed, upholding the integrity of the market and providing clarity for other shareholders and potential investors in GAMCO Limited. This disclosure marks an important step in corporate transparency and regulatory adherence for the company.

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