Gabriel India Limited has informed the Exchange about General Updates
GABRIEL · price
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Gabriel India has formally constituted its joint venture with SK On Co., Ltd (formerly SK Enmove Co., Ltd, post-merger) by completing the First Tranche of conditions. The JV company, 'SK Enmove Gabriel India Private Limited', has allotted equity shares today in a 51:49 ratio, with SK On holding the majority 51% and Gabriel India holding 49%. February 27, 2026 is now the official First Tranche Long Stop Date. Additionally, five supporting agreements have been signed: a Technology License Agreement, a Corporate Service Agreement with Anand Automotive, a ZIC Trademark Brand License, a Business Transfer Agreement to acquire SK Enmove India's existing business, and a Joinder Agreement. The ZIC brand association suggests the JV is in the lubricants business.
This is a positive development confirming Gabriel India's strategic entry into the lubricants business alongside a major Korean conglomerate (SK Group). However, as a minority partner (49%), Gabriel will share control and returns with SK On. Shareholders should watch for further tranches and the JV's revenue contribution in coming quarters.