Gabriel India Limited has informed the Exchange that Record date for the purpose of determining shareholders of demerged undertaking to allot shares is 29-May-2026.
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Gabriel India Limited has fixed May 29, 2026 as the Record Date for determining shareholders of Asia Investments Private Limited (the Demerged Company) entitled to receive shares pursuant to a Composite Scheme of Arrangement. The scheme involves amalgamation of Anchemco India Private Limited with Asia Investments Private Limited, followed by demerger of a part of Asia Investments into Gabriel India. NCLT Mumbai bench had already sanctioned the scheme through orders dated May 11 and May 19, 2026. The Board has taken the certified copy of the NCLT order on record. The ISIN for securities is INE524A01029.
Existing Gabriel India shareholders should note that new shares will be allotted to Asia Investments shareholders, which may dilute holdings. The demerger is now in its final execution stage with the record date set.