Gabriel India Limited has successfully completed the equity allotment process for its joint venture with SK On Co., Ltd, marking a significant milestone in their strategic partnership. The company announced on February 27, 2026, that equity shares have been allotted in SK Enmove Gabriel India Private Limited with SK On Co., Ltd holding 51% and Gabriel India Limited holding 49% stake respectively.

Joint Venture Completion Details

The equity allotment represents the fulfillment of First Tranche Conditions Precedent as defined in the Joint Venture Agreement. February 27, 2026, has been designated as the First Tranche Long Stop Date, completing a process that began in October 2025.

Supporting Agreements Executed

To facilitate the joint venture operations, five key agreements were executed simultaneously with the equity allotment:

• Technology License Agreement (TLA): Between SK On Co., Ltd and the JV company to provide technological information, support and assistance for business operations
• Corporate Service Agreement (CSA): Between Anand Automotive Private Limited and the JV company for operational and management support services
• ZIC Trademark Brand License Agreement: Enabling the JV company to use the 'ZIC' trademark
• Business Transfer Agreement (BTA): Between SK Enmove India Private Limited and the JV company for acquisition of existing business operations
• Joinder Agreement: Recording the accession of the JV company to the Joint Venture Agreement terms and conditions

Joint Venture Timeline

The partnership development followed a structured timeline spanning several months:

Strategic Partnership Structure

The joint venture involves SK On Co., Ltd, which emerged following the merger of SK Enmove Co., Ltd (SKEN) into SK On Co., Ltd. SK Enmove Gabriel India Private Limited was initially incorporated as a wholly owned subsidiary of Gabriel India Limited before the equity allotment to the joint venture partners.

The completion of this equity allotment establishes the operational foundation for the joint venture, with comprehensive agreements in place to support technology transfer, operational management, brand licensing, and business integration activities.

Gabriel India Limited has reported another significant share transmission within its promoter group structure under SEBI's Substantial Acquisition of Shares and Takeover (SAST) regulations. The latest disclosure, dated February 26, 2026, details the transmission of an additional 2,62,106 equity shares from late Deep C Anand to Kiran D Anand, a promoter group member.

Latest Share Transmission Details

The recent transmission involves 2,62,106 equity shares with a face value of ₹ 1/- each, representing 0.18% of Gabriel India Limited's total shareholding. This follows the earlier transmission of 18,83,680 equity shares reported on February 20, 2026.

Updated Shareholding Structure

Following both transmissions, Kiran D Anand's shareholding has increased substantially from the original 5,99,360 shares (0.42%) to 27,45,146 shares (1.91%). The complete shareholding changes show the progressive transfer of shares from the late Deep C Anand.

Promoter Group Composition

The current promoter group shareholding structure demonstrates the completion of share transmission while maintaining overall group stability at 55.00% of total equity.

Regulatory Compliance Framework

Both share transmissions fall under the exemption provided by Regulation 10(1)(g) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption allows for certain types of share transfers without triggering mandatory open offer requirements.

Key compliance aspects include:

• No requirement for prior disclosure under Regulation 10(5)
• Exemption from mandatory open offer provisions
• Compliance with post-transaction disclosure requirements under Regulation 10(6)
• Maintenance of overall promoter group shareholding percentage

Stock Exchange Notifications

The disclosures have been filed with both BSE Limited (Company Code: 505714) and National Stock Exchange of India Limited (Company Code: GABRIEL), ensuring full compliance with listing requirements. The company has requested both exchanges to take this information on record as per regulatory protocols.