Gabriel India Limited has informed the Exchange about effective date of the Composite Scheme of Arrangement
GABRIEL · price
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Gabriel India Limited has announced that a Composite Scheme of Arrangement involving Anchemco India Private Limited, Asia Investments Private Limited, and Gabriel India has become effective from May 22, 2026. The scheme was sanctioned by the NCLT Mumbai Bench on May 11, 2026, and the certified copy of the order and scheme was filed with the Registrar of Companies on May 22, 2026. Under Part C of the scheme, Anchemco India is amalgamated with Asia Investments and dissolved. Under Part D, the demerged undertaking of Asia Investments is transferred to Gabriel India on a going concern basis. Gabriel India acts as the Resulting Company in this arrangement.
Gabriel India Limited receives a demerged business undertaking from Asia Investments Private Limited, which could expand the company's operations or asset base. Shareholders should monitor for further disclosures regarding the specifics of the demerged undertaking and any impact on financials.