StockWatch
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Other Financial Services
Board Meeting17 Aug 2026, 08:40 pm

Gamco Ltd Approves Preferential Issue of 43.06 Lakh Shares

AI Summary

Gamco Ltd's Board of Directors has approved a preferential issue of up to 43,05,960 equity shares at an issue price of ₹50 per share, aggregating ₹21.53 Crores. This issue is aimed at allottees belonging to the Non-Promoter Category and is subject to shareholder and regulatory approvals. The Board also approved the draft notice for the Annual General Meeting (AGM) scheduled for September 16, 2026, to seek member approval for the preferential issue and other business. Additionally, V Singhi & Associates has been appointed as the Internal Auditor for FY 2026-27.

Key Highlights

  • Board approves preferential issue of 43.06 lakh equity shares.
  • Issue price set at ₹50 per share, raising ₹21.53 Crores.
  • Allotment is to Non-Promoter Category investors.
  • AGM scheduled for September 16, 2026, to seek shareholder approval.
  • V Singhi & Associates appointed as Internal Auditor for FY27.