Gabriel India demerger: 3.36 crore shares allotted in 2026

What the NCLT approved and why it matters

The NCLT Mumbai Bench, through its order dated May 11, 2026, sanctioned a Composite Scheme of Arrangement involving multiple steps across group entities. The scheme covers the amalgamation of Anchemco India Private Limited with Asia Investments Private Limited and the demerger of the Demerged Undertaking into Gabriel India Limited. The approvals fall under Sections 230 to 232 of the Companies Act, 2013. For Gabriel India shareholders and market participants, the key outcome is the demerger-led issuance of new equity shares and the resulting change in the company’s paid-up equity share capital.

Structure of the composite scheme

The scheme involves Anchemco India Private Limited (formerly known as Andasia Private Limited) as the transferor company. Asia Investments Private Limited is identified as the transferee company for one part of the scheme and the demerged company for another part. Gabriel India Limited is the resulting company into which the Demerged Undertaking is transferred. In practical terms, the scheme first consolidates entities and then carves out the automotive business into Gabriel India.

Key dates: board approval, appointed dates, and record date

Gabriel India disclosed that its board had approved the draft Composite Scheme of Arrangement on June 30, 2025, after considering recommendations of the Audit Committee and the Committee of Independent Directors. The scheme specifies two appointed dates. Appointed Date 1 is April 1, 2025, and Appointed Date 2 is April 1, 2026. Gabriel India also informed the exchange that the record date for determining shareholders of the demerged undertaking for share allotment was May 29, 2026.

Share exchange ratio disclosed in the scheme

A central feature of the demerger is the share exchange ratio. Under the terms disclosed, Gabriel India will allot 1,158 equity shares of Re 1 each for every 1,000 equity shares of Rs 10 each held in Asia Investments Private Limited. This ratio defines how shareholders of Asia Investments receive equity in Gabriel India as consideration for the demerger.

Gabriel India’s share allotment and updated equity capital

In a later disclosure referencing earlier updates dated May 11, May 19, May 20, and May 22, 2026, Gabriel India said its board, via a circular resolution passed on June 09, 2026, issued and allotted equity shares to Asia Investments shareholders as on the record date (May 29, 2026). The company allotted 3,35,86,081 fully paid-up equity shares of face value Re 1 each to equity shareholders of Asia Investments Private Limited, in proportion to their shareholding. It also allotted 2 equity shares of face value Re 1 each for fractional entitlement pursuant to the scheme.

Post the allotment, Gabriel India’s paid-up equity share capital increased to Rs 17,72,30,023, divided into 17,72,30,023 fully paid-up equity shares of face value Re 1 each. The company stated that the newly allotted shares will rank pari-passu with existing equity shares and are proposed to be listed and traded on BSE Limited and the National Stock Exchange of India Limited.

Market reaction: price move and stated triggers

Gabriel India’s share price reacted sharply alongside corporate action updates. At 11:01 AM, the stock was up 7.9% at ₹1,062.9 per share, as per the details provided. The buying interest was linked to NSE and BSE issuing a ‘no objection’ letter to the company for the merger with and into Asia Investments and the demerger of the automotive undertaking of Asia Investments into Gabriel India.

Separately, the provided information also notes that the stock rallied for six sessions and, at one point, hit the 20% upper circuit to rise to ₹842.75 per share. The narrative also states the share price hit a record high in Tuesday’s session after it announced a business restructuring plan tied to integration and demerger steps.

Joint venture update: Jinhap Gabriel Auto India shareholding

Alongside the scheme-related updates, the text also refers to fulfillment of conditions precedent in the matter of a joint venture between Gabriel India Limited and Jinos Co., Ltd. It further notes the allotment of equity shares by Jinhap Gabriel Auto India Private Limited to Gabriel India Limited and Jinos Co., Ltd in a 51:49 ratio, respectively. The disclosure positions this as a completed step linked to the broader set of corporate actions communicated to the market.

Dividends mentioned in the disclosures

The information includes dividend data points for two periods. For FY2023-24, dividend declared is ₹4.00 per share, comprising an interim dividend of ₹1.50 per share and a final dividend of ₹2.50 per share. Separately, it states that the board of directors, in a meeting held on May 13, 2026, recommended a final dividend of ₹3.10 per share for the year ended March 31, 2026, subject to shareholder approval.

Key facts at a glance

Market value and company details referenced

The text includes market capitalisation figures of ₹4,790.53 crore (BSE) and ₹4,795.55 crore (NSE). It also references a location: 29th Milestone, Pune-Nashik Highway, Village Kuruli, Taluka Khed, Pune - 410 501, Maharashtra, India. These data points were presented alongside other corporate disclosures, including dividend information.

What to watch next

The disclosures indicate that newly issued shares are proposed to be listed and traded on BSE and NSE. Investors will also track the procedural follow-through under the scheme framework and the outcome of the shareholder vote for the final dividend recommendation for the year ended March 31, 2026. Separately, the joint venture shareholding split of 51:49 between Gabriel India and Jinos Co., Ltd is a key structural detail already communicated as part of the company’s updates.