Gabriel India Limited has issued a formal clarification to BSE Limited addressing concerns about significant price movement in its securities. The auto ancillary company responded to an inquiry from the stock exchange regarding unusual trading activity observed in its shares.

Company's Response to BSE Inquiry

Gabriel India addressed the BSE's inquiry about the significant price movement in its securities. The company stated that it is unaware of any specific reasons behind the volatility in its share prices across exchanges.

Key Clarifications Provided

The company made several important clarifications in its response to the stock exchange:

• No Awareness of Price Movement Reasons: Gabriel India stated that it is not aware of any specific reasons for the significant movement in its security prices across exchanges
• No Undisclosed Information: The company confirmed there is no information or announcement that could have a bearing on its operations or performance
• No Price-Sensitive Data: Gabriel India assured that there is no price-sensitive information that has not been disclosed to stock exchanges
• Transparent Disclosure: The company emphasized its commitment to proper disclosure practices as per regulatory requirements

Regulatory Compliance

The clarification was issued under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose events or information that could materially affect their share prices. Gabriel India's proactive response demonstrates adherence to regulatory compliance requirements.

The company has requested BSE to acknowledge receipt of the clarification and take the information on record for regulatory purposes.

Gabriel India Limited has successfully incorporated its joint venture company with SK Enmove Co., Ltd, marking a significant milestone in the auto component manufacturer's strategic expansion into the lubricants and specialty fluids industry. The company announced that SK Enmove Gabriel India Private Limited has been incorporated as a wholly owned subsidiary on December 18, 2025.

Joint Venture Incorporation Details

The incorporation represents the culmination of Gabriel India's strategic partnership with the South Korean corporation, moving from planning phase to operational reality:

Strategic Joint Venture Structure

The joint venture maintains its originally planned structure with SK Enmove Co., Ltd as the technology and brand partner:

Business Scope and Product Portfolio

The operational joint venture will focus on comprehensive lubricants sector activities including engineering, development, manufacturing, packaging, marketing, and distribution. The product portfolio encompasses engine oils for motorcycles, passenger cars, and heavy-duty diesel applications, e-fluids for electric vehicles, shock absorber oils, industrial lubricants, greases, and e-thermal fluids for thermal management.

Governance and Strategic Agreements

The joint venture's governance structure includes balanced representation with 2 directors from Gabriel India and 3 from SKEN, rotating chairmanship every 2 years, and proportional voting rights. Post-incorporation agreements include Technology License Agreement with SKEN, Corporate Service Agreement with Anand Automotive Private Limited, ZIC Trademark and Brand License Agreement, and Business Transfer Agreement to acquire SK Enmove India Private Limited's existing business.

Market Impact

This incorporation marks Gabriel India's successful entry into the lucrative lubricants market, leveraging SK Enmove's technological expertise and the ZIC brand. The operational joint venture positions the company competitively in the evolving automotive and industrial lubricants sector, particularly as markets shift towards electric vehicles and specialized fluids, diversifying Gabriel India's revenue streams beyond traditional auto components.