Gabriel India Limited confirms the successful closure of its Joint Venture Agreement (JVA) with Jinos Co., Ltd. Effective February 27, 2026, Jinhap Gabriel Auto India Private Limited (JGAIPL) has officially become a subsidiary of Gabriel India Limited. Equity shares were allotted to Gabriel and Jinos in the ratio of 51:49, marking the transition following the fulfillment of all preceding conditions.
Formation of Joint Venture Confirmed
Gabriel India Limited has formally announced that the Joint Venture Agreement (“JVA”) with Jinos Co., Ltd. (“Jinos”) has become effective as of February 27, 2026. This event concludes a series of prior communications detailing the proposal to enter into this strategic partnership.
Business Scope and Structure
The core purpose of the Joint Venture is to undertake the business of engineering, designing, developing, manufacturing, import, export, assembly, marketing, sales, and distribution of fasteners for automotive and industrial applications. The venture involves subscribing to equity shares in Jinhap Gabriel Auto India Private Limited (“JGAIPL”), formerly known as Jinhap Automotive India Private Limited.
Equity Allotment and Subsidiary Status
Following the fulfillment of all necessary conditions precedent, equity shares were allotted on February 27, 2026. The allotment ratio resulted in Gabriel India Limited holding 51% of the equity and Jinos holding 49%. Consequently, Jinhap Gabriel Auto India Private Limited has officially become a subsidiary company of Gabriel India Limited, effective on the closing date.
Chronology of Agreement Updates
The effective date follows several key milestones mentioned in earlier disclosures, including the initial proposal (July 09, 2025), extensions to the Closing Date (October 31, 2025, and December 31, 2025), and a revision in the subscription amount for Gabriel (February 03, 2026).
Source: BSE
