Gabriel India Limited Regulatory Clarification
Summary of Company's Response
Gabriel India Limited provided a formal clarification to both BSE Limited and National Stock Exchange of India Limited in response to a deficiency query raised by the NSE regarding the outcome of the company's Board meeting held on May 27, 2026.
Date and Nature of Exchange Query
- Date of NSE Query: June 22, 2026
- Date of Company Response: June 29, 2026
- Nature of Query: The NSE identified deficiencies in the Board Meeting outcome disclosure dated May 27, 2026, specifically regarding two issues:
1. Omission of segment details
2. Discrepancies in financial results submitted in XBRL format, specifically a mismatch in Consolidated Cash Flow Statement figures between XBRL and PDF versions
Company's Clarification on Operating Segment
- The company clarified that its business activity falls within a single operating segment described as "auto components and parts"
- Accordingly, no segment information is required to be disclosed as IND AS 108 - Operating Segments is not applicable to single-segment entities
Company's Clarification on Financial Results Discrepancy
- The company confirmed that a revised XBRL filing has been uploaded to address the identified discrepancy
- The revision involved recasting and regrouping of figures as per the financial results
- Specifically addressed the mismatch in Consolidated Cash Flow Statement figures between XBRL and PDF formats
Regulatory Compliance Reference
- The communication represents compliance with exchange surveillance requirements
- The response format indicates adherence to regulatory disclosure obligations under SEBI Listing Regulations
- Signed by Nilesh Kumar Jain, Company Secretary, demonstrating proper authorization