Gabriel India Clarifies HMAI Acquisition Valuation

Date: September 01, 2026

Proposed acquisition of 4,81,34,427 equity shares (28.99% paid-up equity share capital) of HL Mando Anand India Private Limited (HMAI)
Acquisition from Asia Investments Private Limited (AIPL), the Promoter of Gabriel India Limited
Consideration structure: 1,44,04,204 equity shares of Gabriel India allotted on preferential basis + balance consideration in cash

Valuation based on audited financial statements for financial year ended March 31, 2026
Includes valuation of erstwhile Anchemco India Private Limited business
Anchemco business audited and forms part of Automotive Undertaking of AIPL
No change in equity share exchange ratio or terms of proposed acquisition and preferential issue
Terms remain as approved by Board of Directors and Members of the Company