Gabriel India Limited has submitted the Exchange the Scrutinizer's report and Voting Results of NCLT Convened Meeting of Equity Shareholders held on March 18, 2026 at 11:00 AM
GABRIEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts less than Nifty Smallcap 250 and 1.7 pts less 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-ordered meeting of equity shareholders on March 18, 2026 to consider a Composite Scheme of Arrangement. The scheme involves amalgamation of Anchemco India Private Limited (formerly Andasia Private Limited) into Asia Investments Private Limited, followed by demerger of the Automotive Undertaking of Asia Investments into Gabriel India. The resolution was passed with overwhelming approval: 99.99% of votes (11,15,01,961 shares) were in favour, with just 100 shares (0.00%) against. Promoters voted 100% in favour with 7,90,04,167 shares, public institutions voted 100% in favour with 3,00,66,982 shares, and public non-institutions voted 99.99% in favour with 24,30,817 shares. Only 345 of 1,26,561 shareholders on record participated in the voting.
Shareholders have cleared the composite scheme, clearing a key regulatory hurdle. The deal now awaits final NCLT sanction, after which Gabriel India will absorb the Automotive Undertaking via demerger, potentially strengthening its core auto components business. Near-term stock impact is likely neutral since shareholder approval was widely expected, with the next catalyst being NCLT approval.