Please find attached herewith transcript of the Investors call held on 4th November, 2026.

Date: 06-11-2026 The Manager Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 540097 Dear Sir, Sub: Outcome of Earnings Conference Call for the half year ended on 30 September 2026 held on 04th November 2026- Transcript Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please find attached herewith Transcript (Annexure A) of Conference Call with investors held on Wednesday, 4th November, 2026 at 12:00 P.M to discuss the financial performance of the company. Sl No. Date Day Time Type of Interaction 1 4th November, 2026 Wednesday 12:00 PM Group Conference Call The interaction was held with the aforesaid Analysts/Investors based on generally available information and not related to any Unpublished Price Sensitive Information. Enclosure: Annexure A- Transcript of investor call. We request you to take the above on record. Yours faithfully, For, GAMCO LIMITED (Formerly known as Visco Trade Associates Ltd) Monika Kedia Company Secretary & Compliance Officer ACS 26726 Encl: As Above ANNEXURE -A “GAMCO Limited Q2 FY27 Earnings Conference Call” November 04, 2026 MANAGEMENT: MR. RAJEEV GOENKA – MANAGING DIRECTOR – GAMCO LIMITED MR. GOPAL ROY – CHIEF FINANCIAL OFFICER – GAMCO LIMITED MODERATOR: MS. SAKSHI SHAH – GO INDIA ADVISORS Page 1 of 11 GAMCO Limited November 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the GAMCO Limited Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Sakshi Shah from Go India Advisors. Thank you, and over to you, ma'am. Sakshi Shah: Thank you. Good afternoon, everyone, and welcome to Q2 FY27 Earnings Call of GAMCO Limited. We have on the call Mr. Rajeev Goenka, Managing Director, Mr. Gopal Roy, CFO of the company. We must remind you that discussion on today's call may include certain forward- looking statements and must therefore be viewed in conjunction with the risk that the company faces. May I now request the management to take us through the business outlook and financials, subsequent to which we will open the floor for Q&A. Thank you, and over to you, Rajeev sir. Rajeev Goenka: Thank you. Good afternoon everyone, and a very warm welcome to GAMCO Limited's first ever earnings conference call for the quarter and the half year ended 30th September 2026. We are delighted to host this call and we appreciate you taking the time to join us today. Thank you for being here. GAMCO was incorporated in January 1983 as Visco Trade Associates, a non-deposit-taking NBFC built around listed equity investing, trading, and secured lending. When a promoter group took charge of the company in '22, we began with a simple belief that capital used with patience and conviction should build value that lasts. Our tagline, Let's Grow, was not created merely to sound good. It reflects what we want with this company -- what we want for this company, and what we stand for. In our business, markets can lift a result in 1 year and take it away in the next. Growth for us means value that compounds across all kinds of business cycles. That belief has guided every decision we have taken since. We have seen, stock markets rise and fall, interest rates move in both directions, and the shape of the Indian economy changed throughout. Through all of it, one question has stayed with us: how do we build a company whose value does not depend on what the stock market does on a given day? Or how is the current economy of the nation performing? Since taking control in '22 with a 65% promoter stake, the company's market capitalization was INR19 crores. We have reshaped GAMCO step by step. That same year, we amalgamated a few subsidiaries to simplify the group structure. In 2024, we started acquiring land in Calcutta, and we acquired a development potential of 12.5 lakh square feet. We've entered a warehousing space, banking on the expertise of the group, executed a 5:1 stock split and rebranded as GAMCO Limited. In 2025, we acquired a 96% stake in one of its new subsidiaries called Uma Properties, adding a prime land parcel in Alipore area, and the promoter group also increased its promoter holding to 72%. Page 2 of 11 GAMCO Limited November 04, 2026 This year, we again, worked under some mergers and merged our subsidiary Complify Trade into GAMCO. We also sold one of our warehousing assets named Visco Advisory to a large global institutional fund for INR15.8 crores, which gave us a return of 158 times over of our investment in 3 years. We recently acquired a 33.33% stake in Blissara Resorts, a luxury hospitality project in Port Blair, Andaman. We are a company that has changed shape while holding on to same discipline of finding value and backing it with conviction. Each of these steps came from recognizing where India was heading and where our capital could do the most good. We are still on that journey, and we know that building real assets takes time, patience, and the right partners. Today, GAMCO has 4 verticals. Equity investment remains our foundation and our treasury. We hold a quoted equity investment of around INR230 crores, which also includes stakes in new-age companies such as Swiggy, TrucksUp, and Drivers4Me. In real estate, we also hold a 9.7% stake, in a 212-acre township in Lucknow called OneWorld, which is valued at roughly INR1,800 crores. Where 1,206 units have been completed and 1,750 are under development. We invested at around INR19.4 crores in that9.7% stake, which is now revalued at INR153 crores, an unrealized gain of around INR134 crores. In Calcutta, within the next 1 year to 2 years, we'll be launching 13.5 lakh square feet of proposed residential development. The locations of these land parcels are prominently in Alipore area and Jessore Road area through our subsidiaries. The Alipore land parcel, we are expecting to have a INR250 crores revenue, and on our Jessore Road project with through our joint venture Elika Realestate, we are expecting a revenue of INR1,100 crores over the next 5 years. In logistics, we have been acquiring a huge amount of land parcel in Dankuni, Delhi Road, with a development potential of 40 lakhs square feet and a capex of around INR600 crores, with a target rental yields of 8% to 10%. Our group has done this before where we have built and developed a 63-acre logistic park called Nanak Logistics where our anchor tenant is Amazon who has taken a lease of 6.25 lakhs square feet spread across 20 acres. In hospitality, as mentioned earlier, through our acquisition of Blissara Resorts, we are developing an 11-acre sea-facing cliff at Kodiyaghat, Port Blair which has all approvals including coastal region clearance already in place. We are planning a 140-key upper upscale hotel with a master plan by architect Alexis Dornier. These numbers represent more than scale. They represent land secured, partners chosen carefully, and international operators, and a business model that is steadily moving from marketing gains towards asset-backed income. For us, the message is clear. The future of GAMCO cannot depend on a single segment. It will depend on how well we turn the capital and judgment built in our equity businesses into homes, warehouses, and hotels that earn steady asset-backed income. Against this backdrop, I am pleased with the way GAMCO has performed in the first half of financial year '27. Our consolidated revenue from operations grew 79% to INR254 crores, already about 84% of our revenue for the whole financial year '26. EBITDA was INR52.9 crores Page 3 of 11 GAMCO Limited Novembe [Showing first 8,000 characters — download PDF for full document]