Gabriel India Limited has approved the allotment of 1,44,04,204 equity shares on a preferential basis. This allotment is part of the consideration for the acquisition of equity shares of HL Mando ANAND India Private Limited. The total consideration for this acquisition is valued at ₹18,81,03,05,962. The approval follows member consent at the Annual General Meeting and a board resolution passed by circulation on September 11, 2026.
Gabriel India Approves Preferential Share Allotment
Gabriel India Limited has announced the approval of the allotment of 1,44,04,204 equity shares to Asia Investments Private Limited (“AIPL”), a Promoter of the Company. This allotment is being made on a preferential basis and is for consideration other than cash. The decision was formalized through a resolution passed by the Board of Directors of the Company via circulation on September 11, 2026.
Acquisition of HL Mando ANAND India
The preferential allotment of shares is a component of the part consideration for the Company’s acquisition of equity shares in HL Mando ANAND India Private Limited (formerly known as Mando Automotive India Private Limited). The aggregate consideration for this acquisition is substantial, amounting to ₹18,81,03,05,962. The approval for this issuance and allotment had previously received consent from the Company’s members at their Annual General Meeting held on August 19, 2026.
Disclosure Compliance
This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically concerning the intimation of allotment of equity shares on a preferential basis for consideration other than cash. The company informed the stock exchanges on September 11, 2026.
Source: BSE
