Gabriel India Limited has informed the Exchange regarding fulfillment of Conditions Precedent in the matter of Joint Venture between Gabriel India Limited and Jinos Co., Ltd and allotment of equity shares by Jinhap Gabriel Auto India Private Limited to Gabriel India Limited and Jinos Co., Ltd. in the ratio of 51:49 respectively.
GABRIEL · price
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Gabriel India Limited's joint venture with South Korea-based Jinos Co., Ltd. has become effective on February 27, 2026, with all conditions precedent fulfilled. Equity shares of Jinhap Gabriel Auto India Private Limited (JGAIPL) have been allotted to Gabriel India and Jinos in a 51:49 ratio, making JGAIPL a subsidiary of Gabriel India. The JV will undertake the business of designing, manufacturing, and distributing fasteners for automotive and industrial applications. This follows earlier intimations about the JV proposal (July 2025), closing date extensions (October and December 2025), and a revision in subscription amount (February 2026).
This expands Gabriel India's footprint into the fasteners segment through a majority-owned subsidiary, bringing in technical expertise from a foreign partner. For shareholders, this diversifies revenue streams and adds a new growth vertical, though actual financial impact will depend on the scale of operations going forward.