5:4 Bonus Equity Shares: Should You Hold Shares By March 21 To Qualify For The Allotment?

Listed under the Bombay Stock Exchange Limited, Gamco Limited was established on January 3, 1983, and engages in trading with commercial objectives. The company primarily conducts business through investments in securities and shares. Additionally, it finances and advances both short- and long-term loans and credits. With a market valuation of Rs 186.18 Cr, GAMCO LIMITED, formerly known as Visco Trade Associates, closed 0.59% lower on the BSE at Rs 77.53 per share during the most recent trading session.

Gamco Bonus Shares

"Pursuant to regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has fixed Friday, 21st March, 2025 as the "Record Date" for the purpose of determining the members eligible for the issue of Bonus Equity Shares in the ratio 5:4 i.e. 5 (Five) new fully paid-up Equity Share of Rs 2/- (Rupees Two only) each for every 4 (Four) existing fully paid-up Equity Share of Rs 2/- (Rupees Two only) each," said Gamco in a stock exchange filing on 15.03.2025.

Gamco News

"This is to inform you that the Shareholders of the Company in the Extra-Ordinary General Meeting held today, i.e. March 15, 2025 has approved the following: Increase in the Authorised Share Capital of the Company from Rs. 5,65,30,000 (Rupees Five Crore Sixty-Five Lakhs and Thirty Thousand Only) divided into 2,82,65,000 (Two Crore Eighty-Two Lakhs and Sixty-Five Thousand Only) Equity Shares of Rs. 2/- (Rupees Two Only) each to Rs. 15,00,00,000 (Rupees Fifteen Crore Only) divided into 7,50,00,000 (Seven Crore Fifty Lakhs Only) Equity Shares of Rs. 2/- (Rupees Two Only) each and the consequent alteration to the Memorandum of Association to accommodate the issuance of Bonus Shares by substitution of the following clause with the existing Clause V of the MOA," informed Gamco to stock exchanges on Saturday.

"The Authorised Share Capital of the Company is Rs. 15,00,00,000 (Rupees Fifteen Crore Only) divided into 7,50,00,000 (Seven Crore Fifty Lakhs Only) Equity Shares of Rs. 2/- (Rupees Two Only) each, with the power to increase and decrease such capital and to divide the shares in the capital for the time being into several classes and to attach thereto respectively any preferential, deferred, qualified or special rights, privileges or conditions, subject to the provisions of the Companies Act, 2013," Gamco further confirmed in a BSE filing.

Gamco Share Price Target

"Gamco stock price is bearish on the Daily charts with strong resistance at 81. A Daily close below support of 76 could lead to a target of 61 in the near term," commented A R Ramachandran, Independent Research Analyst.

Disclaimer

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