Gabriel India Limited , a prominent player in the automotive components sector, has announced an extension to the closing date of its Joint Venture Agreement (JVA) with Jinos Co., Ltd. and Jinhap Automotive India Private Limited (JAIPL). The company has pushed the deadline from October 31, 2025, to December 31, 2025, allowing additional time to fulfill remaining conditions precedent for the joint venture.

Key Details of the Extension

Implications of the Closing Date

The closing date holds significance beyond being a mere deadline. As per the company's disclosure:

1. It serves as the effective date of the Joint Venture Agreement.
2. It is defined in the Share Subscription Agreement associated with the joint venture.

Regulatory Compliance

Gabriel India Limited has adhered to regulatory requirements by disclosing this information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed both the BSE Limited and the National Stock Exchange of India Limited about this development.

Background of the Joint Venture

While specific details about the joint venture's objectives are not provided in the current disclosure, it's worth noting that this agreement involves collaboration between an Indian company (Gabriel India) and international partners (Jinos Co., Ltd. and JAIPL). Such partnerships often aim to leverage combined strengths, potentially in areas like technology transfer, market access, or product development.

The extension of the closing date suggests that the parties involved are committed to ensuring all necessary conditions are met before finalizing the joint venture. This careful approach may indicate the strategic importance of the partnership for all entities involved.

Investors and stakeholders of Gabriel India Limited will likely be keeping a close watch on further developments related to this joint venture as the new closing date approaches. The successful completion of this agreement could potentially open new avenues for growth and collaboration in the automotive components sector.

Gabriel India Limited, a leading auto component manufacturer, has announced a significant move into the lubricants and specialty fluids industry through a joint venture with SK Enmove Co., Ltd, a South Korean corporation. This strategic partnership aims to expand Gabriel India's portfolio and tap into the growing market for engine oils, e-fluids, and other specialty lubricants.

Key Details of the Joint Venture

The Board of Directors of Gabriel India has approved the formation of a new joint venture company (JV Co.) with the following structure:

*Subject to approval by the Registrar of Companies

Business Scope

The joint venture will focus on a comprehensive range of activities in the lubricants sector, including:

• Engineering and designing
• Development and manufacturing
• Packaging and blending
• Marketing and distribution
• Import and export operations

The product portfolio will encompass:

• Engine oils (motorcycle, passenger car, heavy-duty diesel)
• E-fluids for electric vehicles
• Shock absorber oils (SAO)
• Industrial lubricants
• Greases
• E-thermal fluids (for thermal management)

Strategic Agreements

Post-incorporation, the JV Co. will execute several key agreements:

1. Technology License Agreement (TLA) with SKEN for technological support
2. Corporate Service Agreement (CSA) with Anand Automotive Private Limited for operational support
3. ZIC Trademark and Brand License Agreement for brand usage rights
4. Business Transfer Agreement (BTA) to acquire SK Enmove India Private Limited's existing business

Governance Structure

The joint venture's governance has been carefully structured to ensure balanced representation:

• Board Composition: 2 directors from Gabriel India, 3 from SKEN
• Rotating Chairmanship: Alternating every 2 years between partners
• Key Positions: Gabriel India to appoint Managing Director/COO, SKEN to appoint Joint Managing Director/Joint COO
• Voting Rights: Proportional to shareholding
• Reserved Matters: Certain decisions require affirmative votes from both partners

Market Implications

This joint venture marks Gabriel India's strategic entry into the lucrative lubricants market, leveraging SK Enmove's technological expertise and the 'ZIC' brand. The move is expected to diversify Gabriel India's revenue streams and position it competitively in the evolving automotive and industrial lubricants sector, particularly as the market shifts towards electric vehicles and specialized fluids.

Investors and industry observers will be watching closely to see how this partnership unfolds and its potential impact on Gabriel India's market position and financial performance in the coming years.

Note: The joint venture is subject to regulatory approvals and is expected to be operational by November 30, 2025, or as mutually agreed by the partners.