Gabriel India Limited has completed the allotment of 3,35,86,081 fully paid-up equity shares following the approval of the Composite Scheme of Arrangement. This significant move increases the company’s paid-up equity share capital to Rs. 17,72,30,023. The newly allotted shares rank pari-passu with existing shares and will be listed on both the BSE and NSE, marking a key milestone in the demerger process.
Share Allotment Finalized Post-Scheme Approval
Gabriel India Limited announced the completion of a major share allotment event on June 09, 2026. This action is a direct result of the Composite Scheme of Arrangement, which was approved and sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench. The Board of Directors, via a circular resolution, has issued and allotted 3,35,86,081 fully paid-up equity shares of face value Re. 1/- each.
Impact on Share Capital and Shareholders
These shares were allotted to the equity shareholders of Asia Investments Private Limited as of the Record Date, May 29, 2026. The allotment was made in proportion to their respective shareholdings, with 2 equity shares of face value Re. 1/- each provided for fractional entitlements, as stipulated by the Scheme. This demerger brings the demerged undertaking into Gabriel India Limited, the Resulting Company.
Capital Increase and Listing Details
Following this allotment, the paid-up equity share capital of Gabriel India Limited has risen to Rs. 17,72,30,023/-, comprising 17,72,30,023 fully paid-up equity shares, each with a face value of Re. 1/-. The newly issued equity shares are set to rank pari-passu with the existing equity shares of the Company. They are slated for listing and trading on both the BSE Limited and the National Stock Exchange of India Limited.
Source: BSE
