In a recent regulatory development, Gamco Limited, formerly known as Visco Trade Associates Limited, has disclosed a significant transaction involving its promoter group under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI SAST Regulations). The disclosure pertains to an acquisition of equity shares by Mrs. Raj Goenka, a member of the promoter group, further cementing the family's interest in the company.

Transaction Overview

According to the disclosure filed by Rajeev Goenka, Managing Director of Gamco Ltd, and the accompanying statement from Raj Goenka, the promoter acquired 12,000 equity shares of face value ₹2 each through open market transactions executed between June 3, 2025, and June 5, 2025. The cumulative holding of Raj Goenka post this acquisition has increased to 7,83,337 equity shares, which translates to approximately 1.45% of the company’s total issued and paid-up equity share capital.

The disclosure was officially submitted to both the Department of Corporate Services at BSE Limited and to the Compliance Officer of Gamco Ltd, headquartered at 25A, S.P. Mukherjee Road, Bhawanipore, Kolkata.

Regulatory Context: SEBI Regulation 29(2)

Under Regulation 29(2) of the SEBI SAST Regulations, any acquisition of shares or voting rights by promoters or persons acting in concert (PAC) that results in a change of shareholding requires mandatory disclosure to the target company and stock exchange where the company is listed.

The regulation ensures that market participants are informed about changes in promoter holding, which could have implications for control and governance dynamics within the company. Such disclosures are part of the framework to uphold market transparency and investor protection.

Pre and Post Acquisition Shareholding

Before the Acquisition:

• Total Shares Held: 7,71,337

• Shareholding %: 1.43% of the company’s total share capital

After the Acquisition:

• Total Shares Held: 7,83,337

• Shareholding %: 1.45% of the total share capital

While the increment is relatively modest (0.02%), it reflects the continued interest of the promoter group in consolidating their position in the company.

Company’s Share Capital Snapshot

• Total Equity Share Capital: ₹10,80,63,000

• Total Equity Shares Outstanding: 5,40,31,500

• Face Value per Share: ₹2

• Listing Exchange: BSE Limited (Scrip Code: 540097)

There is no change in the overall share capital or voting capital of the company due to this transaction. The acquisition was executed via open market purchases, without any preferential allotment, inter-se transfer, or rights issue involved.

Nature of Instruments and Voting Rights

The disclosure confirms that the acquisition:

• Did not involve any encumbrance such as pledges, liens, or non-disposal undertakings.

• Did not include any convertible instruments, warrants, or derivative-based rights.

• Was limited to direct shareholding with voting rights.

This simplifies the regulatory interpretation as the acquisition was straightforward and clean, without implications of potential dilution or hidden control shifts.

About the Acquirer

Raj Goenka, identified as the acquirer/promoter, is a known entity within the promoter group of Gamco Limited. Her address is listed as Satyam Towers, 3 Alipore Road, Kolkata - 700027, West Bengal, and her official correspondence email is goldenit2018@gmail.com. She is acting in her individual capacity and has not reported any persons acting in concert (PAC) in this particular disclosure.

About Gamco Limited

Formerly operating as Visco Trade Associates Ltd, the company has undergone a rebranding and is now known as Gamco Limited. Its registered office is located at Bhawanipore, Kolkata, and it operates within the financial and trade facilitation sector. The company is publicly listed on BSE under Scrip Code: 540097, and its Corporate Identification Number (CIN) is L57339WB1983PLC035628.

Gamco Ltd maintains its commitment to SEBI’s regulatory framework, and timely disclosures such as these exemplify the company’s compliance with corporate governance norms.

Significance of Promoter Group Actions

While a 0.02% increase in shareholding may appear minor, any movement by a promoter group—especially in a company with relatively modest public float—can signal confidence in the company’s prospects. It may also indicate an intent to gradually consolidate stake, or prevent dilution of influence, particularly when shareholding is fragmented.

Additionally, open market purchases often send a positive signal to public investors, indicating that promoters are willing to back their belief in the company’s fundamentals with financial commitment.

Market Implications and Investor Outlook

For retail and institutional investors, this filing provides:

• Transparency regarding insider activity

• Clarity on promoter intent and involvement

• Confidence in the corporate governance framework

While the transaction alone is not expected to materially influence stock price or liquidity, it can have a cumulative impact if such promoter activity continues, especially in a low-float or thinly-traded counter.

Investors tracking Gamco Ltd should remain alert to:

• Any further accumulation or divestment trends by promoters

• Quarterly shareholding pattern disclosures

• Board decisions, financial results, or strategic announcements that may follow

Conclusion

To summarize, Mrs. Raj Goenka, a promoter of Gamco Limited, has acquired 12,000 additional equity shares between June 3 and June 5, 2025, via open market transactions. Her total shareholding now stands at 1.45%, and the acquisition was duly disclosed under SEBI’s SAST Regulations (Regulation 29(2)).

The filing has been made in full compliance with regulatory norms and reflects a standard, transparent transaction that enhances promoter holding, without impacting overall share capital or control dynamics. The company and its promoters continue to demonstrate adherence to statutory disclosure norms, strengthening market confidence and governance standards.

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