Gabriel India Limited has informed the Exchange about General Updates
GABRIEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Hon'ble NCLT Mumbai has sanctioned a Composite Scheme of Arrangement involving Gabriel India Limited as the Resulting Company. Under the scheme, Anchemco India Private Limited (Transferor Company) will first amalgamate into Asia Investments Private Limited (Demerged Company), and then the automotive business undertaking of Asia Investments will be demerged into Gabriel India. The appointed dates are April 1, 2025 and April 1, 2026. Gabriel India will issue 1,158 equity shares of Rs. 1 each for every 1,000 equity shares held in the Demerged Company. This will transform Gabriel India from a mono-product suspension company into a diversified mobility solutions provider, adding products like EV transmissions, brake fluids, adhesives, and forgings. The company is currently awaiting the certified copy of the NCLT order before making the scheme effective.
This is a positive development for Gabriel India shareholders as the demerger will diversify the company's business beyond just suspension products into automotive components and chemicals, potentially expanding revenue streams and reducing single-product dependency.