Gabriel India Limited (GIL) has reached a significant milestone in its corporate restructuring process. The company announced that it has received a 'no-objection' letter from the National Stock Exchange of India (NSE) for its proposed composite scheme of arrangement. This development marks a crucial step forward in the company's strategic plans for reorganization.

Key Details of the Composite Scheme

The composite scheme involves two main components:

1. Amalgamation: Anchemco India Private Limited (formerly known as Andasia Private Limited) will be merged with Asia Investments Private Limited.
2. Demerger: The automotive undertaking of Asia Investments Private Limited will be demerged into Gabriel India Limited.

Regulatory Approval Process

The NSE's approval allows Gabriel India to proceed with filing the scheme with the National Company Law Tribunal (NCLT), Mumbai Bench. This is in compliance with Regulation 37 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Next Steps and Conditions

While this is a significant step, the effectiveness of the scheme remains subject to several conditions:

1. NCLT Approval: The scheme must receive final approval from the NCLT.
2. Additional Regulatory Clearances: Other necessary regulatory approvals may be required.
3. Compliance Requirements: The company must adhere to various compliance measures outlined by SEBI and NSE, including:
   • Ensuring transparency in disclosures to shareholders
   • Maintaining compliance with SEBI circulars and regulations
   • Providing detailed financial information and rationale for the scheme

Implications for Shareholders

Shareholders should note that the implementation of this scheme may result in changes to the shareholding pattern of the company. Gabriel India is required to prominently disclose these potential changes to ensure informed decision-making by public shareholders.

Corporate Governance and Transparency

In line with regulatory requirements, Gabriel India has made the observation letter from NSE available on its website, demonstrating its commitment to transparency. The company is obligated to incorporate SEBI and NSE observations in its petition to the NCLT.

Conclusion

This development represents a significant step in Gabriel India's corporate restructuring efforts. While the NSE's no-objection letter is a positive sign, the success of the scheme ultimately depends on NCLT approval and compliance with regulatory requirements. Shareholders and investors are advised to closely monitor further announcements from the company regarding the progress of this scheme.

The market will be watching closely to see how this restructuring impacts Gabriel India's operations and financial performance in the automotive components sector.

Gabriel India Limited , a leading auto component manufacturer, has reported strong financial performance for the first half of fiscal year 2026 (H1 FY26), along with several strategic initiatives to bolster its market position.

Financial Highlights

Gabriel India achieved consolidated revenue of Rs. 22,787.00 million in H1 FY26, marking a robust 14.7% year-over-year growth. The company's EBITDA stood at Rs. 2,246.00 million with a healthy margin of 9.9%, while Profit After Tax (PAT) reached Rs. 1,310.00 million, representing a 5.8% margin.

Strategic Partnerships and Expansions

Gabriel India has made significant strides in expanding its business through strategic partnerships:

1. Joint Venture with Jinhap Korea: The company is investing Rs. 268.00 million for a 51% stake in a new joint venture focused on the fasteners business.

2. Collaboration with SK Enmove: A 49:51 joint venture has been formed with SK Enmove for lubricants and functional fluids, with Gabriel India infusing Rs. 294.00 million.

3. Revised Sunroof Joint Venture: The company has updated its arrangement with Inalfa for the sunroof business, where Inalfa will hold 35% and Gabriel 65% in Inalfa Gabriel Sunroof Systems Private Limited (IGSSPL).

4. Capacity Expansion: Gabriel completed the acquisition of additional manufacturing capacity through the Chakan-2 plant from Marelli Motherson Auto Suspension, adding 3.2 million shock absorbers and 1 million gas springs to its annual production capability.

Segment Performance

The company reported growth across various segments:

• Two-wheeler and Three-wheeler: 13.6% year-over-year growth
• Passenger Vehicles: 12.3% year-over-year growth
• Commercial Vehicles: 32% year-over-year growth (including a 57.7% increase in the railways segment)

Export and Aftermarket Growth

Gabriel India's export sales grew impressively by 59.5% year-over-year, while the aftermarket business saw an 8.5% increase. The company launched 156 new SKUs in H1 FY26, focusing on B & C class towns domestically and expanding its presence in Latin American, Australian, and African markets.

Financial Position

The company maintains a strong financial position with a net cash balance of Rs. 2,896.00 million as of September 30, 2025. Capital expenditure for H1 FY26 amounted to Rs. 1,083.00 million, primarily directed towards growth initiatives, including the Chakan-2 plant expansion.

Dividend Announcement

The Board of Directors has declared an interim dividend of Rs. 1.90 per share for the period ended September 30, 2025, with November 21, 2025, set as the record date.

Gabriel India's Managing Director, Atul Jaggi, commented on the results, stating, "Our strong performance in H1 FY26 reflects the success of our strategic initiatives and robust demand across segments. The new partnerships and capacity expansions position us well for sustained growth in the evolving automotive landscape."

As Gabriel India continues to strengthen its market presence and diversify its product portfolio, the company appears well-positioned to capitalize on the growing opportunities in the auto component sector.