Gabriel India Limited's board of directors held a meeting on Monday, August 24, 2026, which commenced at 10:00 am IST and concluded at 10:42 am IST. The board discussed and approved two key items:
1. Raising of Funds
The board accorded in-principle approval for raising funds not exceeding ₹1,000 crore (Indian Rupees One Thousand Crore Only) through the issuance of senior, unsecured, rated, listed, redeemable, non-convertible debentures on a private placement basis.
Key Details of the Proposed NCD Issuance:
- Type of issuance: Private placement to eligible investors
- Total number of securities: 1,00,000 (One Lakh) non-convertible debentures
- Face value: ₹1,00,000 (Indian Rupees One Lakh Only) each
- Total issue size: ₹1,000 Crores (Indian Rupees One Thousand Crores Only)
- Listing: To be listed on BSE Limited
- Security: Unsecured (no charge/security created over assets)
- Special rights/privileges: Not Applicable
Details to be Specified Later:
- Tenure of the instrument
- Date of allotment
- Date of maturity
- Coupon/interest offered
- Schedule of payment of coupon/interest and principal
- Details of redemption
2. Constitution of Finance Committee
The board approved the constitution of a Finance Committee of the board of directors and delegated to it, inter alia, the powers pertaining to issuance of the Debentures.