Gabriel India Limited has made a disclosure pursuant to Regulation 30 of SEBI LODR Regulations regarding the incorporation of a joint venture company. This filing is a continuation of a previous intimation dated October 06, 2026, regarding the execution of a Joint Venture Agreement (JVA) between Faurecia Automotive Seating India Private Limited (FASI) and Gabriel India Limited.
The joint venture company, named Faurecia Anand Seating India Private Limited (JV Co.), was incorporated on October 19, 2026.
Investment and Shareholding Structure
The JVA contemplates an initial aggregate investment of ₹20,00,00,000 (Rupees Twenty Crores) in the JV Co. The investment breakdown is as follows:
- Gabriel India Limited subscribed to 99,99,999 equity shares with a face value of ₹10 each, totaling ₹9,99,99,990 (Rupees Nine Crores Ninety-Nine Lakhs Ninety-Nine Thousand Nine Hundred and Ninety Only). This represents 50% less one equity share of the paid-up equity share capital of the JV Co.
- Faurecia Automotive Seating India Private Limited (FASI) subscribed to 1,00,00,001 equity shares with a face value of ₹10 each, totaling ₹10,00,00,010 (Rupees Ten Crores and Ten Only). This represents 50% plus one equity share of the paid-up equity share capital of the JV Co.
The disclosure was signed by Mohit Srivastava, Chief Financial Officer of Gabriel India Limited, on October 19, 2026, at 19:26:39 IST.