Gabriel India Limited has officially announced May 29, 2026, as the Record Date for its Composite Scheme of Arrangement. This follows the recent approval from the NCLT for the amalgamation of Anchemco India Private Limited with Asia Investments Private Limited, followed by the demerger of the demerged undertaking into Gabriel India Limited. This move marks a significant milestone in the company’s organizational restructuring process.
Key Milestone in Corporate Restructuring
Following the receipt of formal orders from the NCLT, Mumbai bench, the Board of Directors of Gabriel India Limited has finalized the procedural timeline for its ongoing Composite Scheme of Arrangement. The company has officially set May 29, 2026, as the designated Record Date. This date is critical for identifying the shareholders of Asia Investments Private Limited who are entitled to receive shares of Gabriel India Limited as per the approved scheme.
Details of the Scheme
The approved scheme involves a multi-stage restructuring process. This includes the amalgamation of Anchemco India Private Limited (formerly known as Andasia Private Limited) into Asia Investments Private Limited. Subsequently, the scheme facilitates the demerger of specific undertakings from Asia Investments Private Limited into Gabriel India Limited. These corporate actions are intended to streamline the company’s structure and operations.
Shareholder Entitlements
The determination of eligible shareholders will be based on the company’s records as of the closing hours on May 29, 2026. Investors and stakeholders are advised to note that the securities involved in this transition carry the ISIN INE524A01029. With the Record Date now set, the company is moving forward with the final implementation phases of the court-sanctioned arrangement.
Source: BSE
