Gabriel India Limited has cancelled the non-deal roadshow for institutional investors that was originally scheduled for September 15, 2026. The company cited exigencies as the reason for the cancellation.

The event, organized by Ambit Capital and set to take place in Mumbai starting at 10:00 am, was intended to facilitate discussions based on publicly available information. Company officials had planned to engage with analysts and investors during the session.

Cancellation Details

The intimation regarding the cancellation was issued on September 10, 2026. Mohit Srivastava, Chief Financial Officer, signed the letter confirming that the meeting would not proceed.

The disclosure was made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized in its initial announcement that no unpublished price-sensitive information (UPSI) would have been discussed during the interactions had the meet taken place.

Gabriel India Limited has approved the allotment of ₹1,000 crore in senior, unsecured, non-convertible debentures (NCDs) through a private placement. The Finance Committee sanctioned the issuance on September 10, 2026, marking a significant capital raising move for the engineering and infrastructure firm.

The company will issue 1,00,000 debentures, each with a face value of ₹1,00,000. The instruments are rated and redeemable, designed to raise an aggregate principal amount of up to ₹1,000 crore. This issuance follows an earlier disclosure dated August 24, 2026, indicating a structured approach to debt financing.

Instrument Terms

The NCDs carry a coupon rate of 8.15% per annum, payable annually. The tenure of the instrument is set at 36 months from the deemed date of allotment, which is September 10, 2026. Consequently, the maturity date for the principal repayment is September 10, 2029.

The debentures are unsecured, meaning they do not create any charge over the company’s assets. There are no special rights or privileges attached to these instruments beyond those ordinarily applicable to similar listed NCDs.

Default Provisions

The issuance documents outline specific penalties for default. If Gabriel India fails to pay interest or principal on the due date, interest will accrue on the unpaid sum at a rate of 2% per annum over and above the coupon rate. This penalty applies until the actual payment date or until any event of default is cured to the satisfaction of the Debenture Trustee.

Regulatory Compliance

The allotment was approved pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Finance Committee meeting concluded at 4:10 pm IST on September 10, 2026. The debentures will be listed on the Wholesale Debt Market segment of BSE Limited within statutory timelines.