Gabriel India Limited has successfully completed its joint venture agreement with South Korean company Jinos Co., Ltd., marking a significant strategic milestone in the automotive fasteners segment. The completion was announced on February 27, 2026, following the fulfillment of all conditions precedent and the allocation of equity shares in the joint venture entity.

Joint Venture Structure and Ownership

The partnership has been formalized through Jinhap Gabriel Auto India Private Limited (JGAIPL), formerly known as Jinhap Automotive India Private Limited. The equity allocation reflects a strategic partnership structure designed to leverage both companies' expertise in the automotive sector.

Business Scope and Operations

The joint venture will focus on comprehensive fasteners business operations across multiple segments. JGAIPL will undertake an integrated approach to fasteners manufacturing and distribution, covering the entire value chain from development to market delivery.

The business operations will encompass:

• Engineering and designing of fasteners
• Development and manufacturing capabilities
• Import and export operations
• Assembly and marketing functions
• Sales and distribution networks
• Focus on automotive and industrial applications

Timeline and Regulatory Compliance

The joint venture completion follows an extended timeline with multiple regulatory updates. Gabriel India had initially announced the proposal on July 09, 2025, with subsequent extensions and revisions communicated to stock exchanges.

Strategic Significance

The completion of this joint venture represents Gabriel India's strategic expansion into the fasteners segment, complementing its existing automotive components portfolio. With Jinos Co., Ltd. as a technology partner, the venture is positioned to serve both automotive and industrial markets through advanced fastener solutions.

The 51:49 ownership structure ensures Gabriel India maintains controlling interest while benefiting from Jinos' expertise and technology capabilities. This partnership aligns with the company's growth strategy in the automotive components sector, potentially enhancing its market presence in fasteners manufacturing and distribution.

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.