Anfilco Limited has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
GABRIEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Anjali Singh on behalf of Anand Automobiles (part of the Promoter Group) has disclosed acquisition of 1 equity share of Gabriel India Limited through a Court-approved Composite Scheme of Arrangement. The Scheme involved merger of Anchemco India Private Limited with Asia Investments Private Limited and demerger of a demerged undertaking into Gabriel India Limited. The Scheme was sanctioned by NCLT Mumbai Bench-I on May 11, 2026, and became effective on May 22, 2026. As a result of this arrangement, the aggregate promoter and promoter group shareholding increased from 55.02% to 63.55%. The transaction falls under the exemption provided under Regulation 10(1)(d)(ii) of SEBI SAST Regulations, which exempts acquisitions through court-approved schemes from making an open offer.
The promoter group's holding crossed the 63% mark, strengthening control over the company. The increase was through a court-approved scheme rather than open market purchases, which is viewed neutrally by the market as it follows regulatory process.