Gabriel India Limited has provided an update regarding its proposed acquisition of stake in HL Klemove India Private Limited (Target Company). This disclosure is made under Regulation 30 of the SEBI Listing Regulations and serves as a continuation of the company's previous disclosure dated July 21, 2026.
On August 21, 2026, the company executed two key agreements: the Joint Venture Agreement (JVA) and the Share Purchase Agreement (SPA) in connection with the acquisition of 30% minus one (1) equity share in HL Klemove India Private Limited.
According to the terms of the Share Purchase Agreement, the consummation of the purchase of Sales Shares (as defined in the SPA) is scheduled to take place on August 24, 2026. The agreement allows for this date to be modified if mutually agreed in writing between the parties.
Upon completion of the transaction, HL Klemove India Private Limited will become an Associate Company of Gabriel India Limited.
The disclosure was signed by Nilesh Jain, Company Secretary and Compliance Officer of Gabriel India Limited, on August 21, 2026 at 15:03:57 IST.
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