Intimation under Regulation 30 (LODR) regarding changes in designation of Directors.
GABRIEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On July 21, 2026, Gabriel India's board approved two senior management changes, subject to shareholder approval at the next AGM. Mr. Mahendra K. Goyal, who was already a non-executive, non-independent director on the board since October 2024, has been elevated to Executive Director and appointed as Group Chief Executive Officer & Managing Director for a five-year term till July 20, 2031. He will also be designated as a Key Managerial Personnel (KMP) responsible for overall supervision across all business segments, JVs, subsidiaries and associates. Mr. Atul Jaggi, the existing Managing Director, has been re-designated as Managing Director (Ride Control) until October 17, 2029, with all other terms of his appointment remaining unchanged. Mr. Goyal is a qualified Chartered Accountant, Cost Accountant and Company Secretary with over 31 years of experience and currently serves as Group CEO of the promoter ANAND Group.
This is a strategic elevation rather than a disruption — the parent ANAND Group's top executive is taking direct charge of Gabriel India, likely tightening alignment with the group's transformation initiatives. For shareholders, the continuation of Mr. Jaggi in a focused divisional MD role provides operational continuity, while the 5-year CEO term signals long-term strategic intent.