Anfilco Limited (on behalf of Anand Automobiles) 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
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Anfilco Limited (on behalf of Anand Automobiles), part of the promoter group, has acquired 3,29,22,161 equity shares (18.58%) of Gabriel India Limited through a court-approved Composite Scheme of Arrangement. This scheme involved merger of Anchemco India Private Limited with Asia Investments Private Limited and demerger of a business undertaking into Gabriel India Limited. The scheme was sanctioned by NCLT Mumbai on May 11, 2026 and became effective on May 22, 2026. As a result, the aggregate promoter and promoter group shareholding in Gabriel India Limited increased from 55.02% to 63.55%. This transaction qualifies for exemption under Regulation 10(1)(d)(ii) of SEBI (SAST) Regulations, 2011.
The promoter group has consolidated their control over Gabriel India Limited by increasing their stake to 63.55%, which strengthens majority ownership. This is a structural change through a legal scheme rather than open market activity and is generally viewed positively for promoter-controlled companies.