Gabriel India Clarifies Valuation for HL Mando Anand Acquisition

Gabriel India Ltd has issued a clarification regarding the valuation process for its proposed acquisition of 28.99% stake in HL Mando Anand India Private Limited (HMAI). The valuation is based on audited financials for FY26, including the business of erstwhile Anchemco India Private Limited. This clarification confirms there is no change to the equity share exchange ratio or the terms of the acquisition and preferential issue previously approved by the Board and shareholders. The joint valuation report from KPMG and BDO is available on the company's website.