Gamco Limited completes Rs 23.29 crore Blissara stake purchase

Gamco completed the Rs 23.29 crore purchase of 7,800 equity shares in Blissara Resorts Private Limited during the quarter ended September 30, 2026, giving it a 33.33% holding. The Board approved the transaction on May 21, 2026, and Blissara Resorts is included among Gamco’s associates in the consolidated financial-results review.

What did Gamco acquire in Blissara Resorts?

Gamco acquired 7,800 equity shares, representing 33.33% of Blissara Resorts, for a total consideration of Rs 23.29 crore. The completion was disclosed in the notes to Gamco’s unaudited standalone financial results for the quarter and half year ended September 30, 2026. The filing identifies the acquisition by share count, ownership percentage and aggregate consideration, but does not disclose Blissara Resorts’ revenue, assets, liabilities or profitability.

The 33.33% holding is reflected in Gamco’s consolidated reporting structure. The independent auditors’ review report for the September 30, 2026 consolidated results lists Blissara Resorts among eight associates, alongside Elika Realestate, Nayek Paper Industries, Ancher Freehold, Dhaataa Property, Shalimar Gamco Glasses, Shalimar Gamco and Decorum Infrastructure. The filing therefore presents the investment as an associate relationship rather than a wholly owned subsidiary acquisition.

When did Gamco approve and complete the transaction?

Gamco’s Board approved the Blissara Resorts proposal on May 21, 2026, and the company stated that the acquisition was completed during the quarter ended September 30, 2026. This establishes that the transaction moved from Board approval to completion within the period covered by the September-quarter results. The financial statements were reviewed by the Audit Committee and approved by the Board on October 31, 2026.

The filing does not state the closing date within the July-to-September 2026 quarter, the seller of the 7,800 shares, or whether the Rs 23.29 crore consideration was paid entirely in cash at closing. It does, however, report Rs 23.20 crore under investment made in shares in Gamco’s standalone cash-flow statement for the half year ended September 30, 2026, compared with Rs 84.41 crore in the year ended March 31, 2026.

Gamco’s standalone investments stood at Rs 303.26 crore on September 30, 2026, up from Rs 271.69 crore on March 31, 2026. Over the same dates, standalone borrowings rose to Rs 282.31 crore from Rs 263.49 crore. The filing does not assign the balance-sheet increase in investments or borrowings solely to the Blissara Resorts transaction, so the figures show Gamco’s reported financial position rather than a transaction-specific funding bridge.

How did Gamco’s results change in the acquisition quarter?

Gamco reported standalone total income of Rs 137.87 crore for the quarter ended September 30, 2026, compared with Rs 67.86 crore a year earlier, while profit after tax was Rs 6.05 crore against a loss of Rs 7.75 crore. Revenue from operations increased to Rs 137.57 crore from Rs 67.68 crore. The comparative improvement coincided with the quarter in which Gamco completed the Blissara Resorts acquisition, although the filing does not quantify any earnings contribution from Blissara Resorts.

For the half year ended September 30, 2026, standalone profit after tax was Rs 38.75 crore, compared with Rs 6.76 crore in the corresponding half year ended September 30, 2025. Total income rose to Rs 248.84 crore from Rs 120.06 crore. Net gains on fair-value changes in investments were Rs 21.35 crore in the 2026 half year, versus Rs 16.67 crore a year earlier, while sale of securities was Rs 223.28 crore, compared with Rs 98.74 crore.

Gamco’s consolidated result included a Rs 11.58 lakh share of loss from its eight associates for the half year ended September 30, 2026, compared with a Rs 2.55 lakh share of loss in the prior-year half year. The consolidated accounts report this as a combined amount for all eight associates, not for Blissara Resorts individually. Consolidated profit for the half year was Rs 38.49 crore, compared with Rs 6.50 crore in the corresponding 2025 period.

What other capital actions has Gamco disclosed?

Gamco’s Board approved a preferential issue of up to 43,05,960 equity shares on August 17, 2026, at an issue price of Rs 50 per share, aggregating to Rs 21.53 crore. Each share has a face value of Rs 2, including a premium of Rs 48 per share. Shareholders approved the proposal through a special resolution at the annual general meeting held on September 16, 2026.

Gamco said it received the relevant regulatory approval on October 30, 2026, and that the allotment would be completed within the prescribed 15-day period from receipt of that approval. The proposed issue is to the non-promoter category. The filing does not state how much of the potential Rs 21.53 crore issue proceeds, if allotted, would be allocated to investments, borrowings, working capital or other purposes.

The company also received the final order for amalgamation of Complify Trade Private Limited into Gamco from the Regional Director, Eastern Region, dated April 22, 2026. Gamco accounted for the amalgamation from its effective date of April 1, 2026 using the pooling-of-interest method under Indian Accounting Standard 103, which covers business combinations of entities under common control. All assets and liabilities of the transferor were recognised at carrying amounts, according to the filing.

Conclusion

Gamco has completed a defined Rs 23.29 crore investment for a 33.33% holding in Blissara Resorts, moving the company into Gamco’s associate portfolio by the September 30, 2026 reporting date. The acquisition took place in a half year when standalone investment balances rose by Rs 31.57 crore from March 31, 2026 and standalone profit after tax reached Rs 38.75 crore, compared with Rs 6.76 crore a year earlier.

The next disclosed event to watch is completion of the preferential allotment of up to 43,05,960 shares at Rs 50 each, which Gamco said should occur within 15 days after the October 30, 2026 regulatory approval. Future filings may also provide additional information on Blissara Resorts’ financial contribution, since the September results disclose only the aggregate Rs 11.58 lakh associate loss across eight associates.