Gabriel India Limited Fixes Record Date for Composite Scheme of Arrangement
Gabriel India Limited has announced that its Board of Directors has fixed a Record Date in connection with the Composite Scheme of Arrangement. This action pertains to the amalgamation of Anchemco India Private Limited, formerly known as Andasia Private Limited, with Asia Investments Private Limited.The comprehensive Scheme involves several components, including the amalgamation of the Transferor Company with the Transferee Company for Part C of the Scheme, and the demerger of the Demerged Undertaking of the Demerged Company into Gabriel India Limited, which is the Resulting Company.
The Board of Directors fixed May 29, 2026, as the Record Date. This date is designated for the specific purpose of determining the shareholders of Asia Investments Private Limited who shall be entitled to receive shares of the Company pursuant to the Scheme.
For quick reference, key details related to the Scheme and the Record Date are provided below.
| Detail | Information |
|---|---|
| Board Action | Fixing of Record Date |
| Record Date | May 29, 2026 |
| Purpose | Determining shareholders of Asia Investments Private Limited entitled to receive shares of the Company |
| Scheme Components | Amalgamation of Anchemco India Private Limited (formerly Andasia Private Limited) into Asia Investments Private Limited, and Demerger into Gabriel India Limited. |
| ISIN of Securities | INE524A01029 |
GABRIEL Stock Price Movement
As of 2:57 PM, shares of Gabriel India Limited are slipping in live trading, shedding ₹6.80 and down 0.62% to trade at ₹1088.5. The stock shows significant interest, with trading activity supporting a volume of 281,053 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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