Gabriel India Allots 1.44 Cr Shares to Promoter

Date: September 11, 2026

Board Meeting Outcomes

• The Board of Directors approved the allotment of 1,44,04,204 equity shares to Asia Investments Private Limited (AIPL) on a preferential basis
• The resolution was passed by circulation on September 11, 2026
• The allotment is for consideration other than cash

Disinvestment / Strategic Actions

• The equity share allotment is towards part consideration for the acquisition by Gabriel India Limited of equity shares of HL Mando ANAND India Private Limited (formerly known as Mando Automotive India Private Limited) from AIPL
• The aggregate consideration for the acquisition is ₹18,81,03,05,962 (₹1,881.03 crore)
• AIPL is identified as a Promoter of Gabriel India Limited