This disclosure is a regulatory update under Regulation 30 of SEBI LODR Regulations, serving as a continuation to an earlier disclosure dated 26th March 2026.

The Board of Directors of GAMCO Limited has approved the signing of an extension letter for the closure date of a transaction. The deadline has been extended from on or before 31st May 2026 to on or before 15th July 2026.

The transaction involves the execution of a Securities Subscription and Purchase Agreement (SSPA) for the transfer of 100% equity stake held by the Company in its wholly owned subsidiary, Visco Advisory Private Limited (VAPL). The buyer is BREP Asia III India Holding Co II Pte. Ltd., an entity owned by funds managed and/or advised by affiliates of Blackstone Inc.

Financial and Operational Impact Details (From Annexure A):

  • Financial Contribution of Subsidiary: Based on consolidated financial statements for FY 2024-25, the subsidiary (VAPL) contributed:
  • Turnover: Nil
  • Net Worth: INR 9.17 Lakhs (approximately 0.09% of the company's consolidated net worth)
  • Transaction Timeline:
  • Agreement Date: 26th March 2026
  • Expected Completion Date: On or before 15th July 2026 (subject to completion of customary conditions precedent)
  • Consideration: The consideration for the transaction has been agreed between the parties. However, in view of pending completion of conditions precedent, the Company shall make appropriate disclosure upon completion.
  • Buyer Details: BREP Asia III India Holding Co II Pte. Ltd. does not belong to the promoter/promoter group of GAMCO Limited.
  • Related Party Transaction: The transaction is not a related party transaction and is not done at "arm's length" as it does not qualify as a related party transaction.
  • Regulation 37A Compliance: The transaction does not qualify as disposal of an undertaking or substantial business activity under Regulation 37A of LODR Regulations. The subsidiary does not constitute a material or substantial business segment of the Company.

The disclosure is made in accordance with Regulation 30 of the LODR Regulations read with the Company's Policy on Determination of Materiality and includes a revised disclosure as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.