Gamco Share Price Surge as Board Approves Bonus Issue

GAMCO Limited, formerly known as Visco Trade Associates Ltd, conducted a Board Meeting on February 20, 2025. The company made significant decisions concerning a bonus share issue and an increase in authorised share capital. These resolutions are subject to shareholder approval and align with the company’s growth strategy.

Bonus Share Issue

The Board approved a bonus share issuance in the ratio of 5:4, meaning shareholders will receive five fully paid-up equity shares for every four shares held. The shares will have a face value of ₹2 each. This issuance will be executed using the company’s free reserves and share premium account. The total number of new equity shares to be issued is 30,017,500. The record date for eligibility will be communicated later, and the bonus shares are expected to be credited within two months of approval.

Increase in Authorised Share Capital

To support expansion, the Board also approved an increase in the company’s authorised share capital from ₹5.65 crore to ₹15 crore. The total number of equity shares will rise from 2.82 crore to 7.5 crore, each having a face value of Rs. 2. Consequently, the Memorandum of Association has been amended to reflect this change, pending shareholder approval.

Gamco Share Performance

As of February 21, 2025, at 2:26 PM, the shares of Gamco are trading at ₹85.50 per share, reflecting a surge of 5.69% from the previous day’s closing price. Over the past month, the stock has registered a decline of 21.63%.

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