Intimation of order of the Hon''ble National Company Law Tribunal, Mumbai Bench sanctioning the Composite Scheme of Arrangement available on the NCLT website
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The Hon'ble NCLT Mumbai Bench has sanctioned a Composite Scheme of Arrangement involving three companies. First, Anchemco India Private Limited (manufactures brake fluids, coolants, DEF/AdBlue, and adhesives) will amalgamate into Asia Investments Private Limited. Then, the automotive undertaking of Asia Investments will demerge into listed Gabriel India Limited. The scheme transforms Gabriel India from a mono-product suspension company into a diversified mobility solutions provider with products including drive train products, transmissions for EVs, body in white, NVH products, brake fluids, and adhesives. The share exchange ratio is 1158 equity shares of Rs. 1 each of Gabriel India for every 1000 equity shares of Rs. 10 each of Asia Investments held. Appointed Date 2 is April 1, 2026.
This is positive for Gabriel India shareholders as the company will gain diversified automotive capabilities and potentially benefit from EPS accretion and cost efficiencies. The scheme makes Gabriel India a broader mobility solutions provider, reducing dependency on suspension products alone.