Gabriel India Limited has informed the Exchange regarding Outcome of Board Meeting held on October 07, 2025 regarding: 1. Execution of the Joint Venture Agreement ( JVA ) between SKEN and Gabriel India to enable formation of a Joint Venture Company ( JV Co. ) wherein SKEN and Gabriel India will have shareholding in the ratio of 51:49 respectively2. Incorporation of a wholly owned subsidiary, followed by an investment of up to INR 29.40 crores, including the initial subscription, in one or more tranches, pursuant to which Gabriel India will hold 49% of the total equity share capital of the JV Co.
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Gabriel India's board, on October 7, 2025, approved a Joint Venture Agreement with SKEN to form a new JV company. SKEN will hold 51% while Gabriel India will hold 49% in the JV. To participate, Gabriel India will first incorporate a wholly owned subsidiary and then invest up to INR 29.40 crores in one or more tranches. The subsidiary will hold the 49% equity stake in the JV on behalf of Gabriel India. The structure indicates a phased capital deployment rather than a one-time investment.
This is a strategic expansion move that allows Gabriel India to enter a new business area with a majority partner (SKEN) without giving up control of the venture. The INR 29.40 crore commitment is moderate in scale, so the financial impact on shareholders should be manageable. Positive signal for long-term growth, though near-term stock impact depends on the strategic rationale and business segment of the JV.