Gabriel India Limited has informed the Exchange regarding Summary of NCLT Convened Meeting held on March 18, 2026 at 11:00 AM and concluded at 11:35 AM
GABRIEL · price
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On the reaction day the stock moved 1.2 pts more than Nifty Smallcap 250 and 0.9 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Gabriel India held an NCLT-convened meeting of equity shareholders on March 18, 2026, to consider a Composite Scheme of Arrangement. The scheme involves the amalgamation of Anchemco India Private Limited into Asia Investments Private Limited, followed by the demerger of the Automotive Undertaking of Asia Investments into Gabriel India. Out of 1,46,561 shareholders on record, 68 attended the meeting via video conferencing, with the required quorum present throughout. Chaired by NCLT-appointed Chairman Mr. H. V. Subba Rao, the meeting saw shareholders seek clarifications from management (Mr. Atul Jaggi and Mr. Mohit Srivastava) on the proposed scheme. The resolution was put to remote e-voting, and results are awaited and will be announced separately.
This is a procedural step in the NCLT approval process for the composite scheme. If ultimately approved, the demerger would bring an automotive undertaking into Gabriel India, potentially strengthening its core business. Investors should watch for the e-voting results, which will determine whether the scheme moves forward to the next NCLT hearing stage.