Revised Intimation pertaining to Incorporation of Wholly-owned Subsidiary of the Company namely Gabriel Ingrevia Limited
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Gabriel Pet Straps Ltd has incorporated a new wholly-owned subsidiary named 'Gabriel Ingrevia Limited' on April 9, 2025, which has been approved by the Ministry of Corporate Affairs. The company will hold 100% stake by investing Rs. 10 lakhs (1,00,000 equity shares of Rs. 10 each) in cash. The new subsidiary will operate in the Pharma Chemicals and Agro Products sector, focusing on manufacturing and trading of pharma products, chemicals (wholesale basis), and trading of edible and non-edible agro products. The subsidiary is classified as a related party transaction, and will need approvals from CDSCO/SDSCO for its pharma-related operations. This marks a strategic diversification move from the company's core PET straps business into the pharmaceutical and agro commodities space.
The investment size is small (Rs. 10 lakhs) so immediate financial impact is minimal, but this signals a strategic entry into pharma and agro trading — sectors entirely different from the company's existing PET straps business. Shareholders should watch for follow-up announcements on funding, business ramp-up, and actual revenue contribution from this new subsidiary.