Merger19 May 2026, 07:01 pm
Gabriel India Receives NCLT Order for Composite Scheme
AI Summary
Gabriel India Ltd. has received the certified copy of the order dated May 11, 2026, from the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, sanctioning the Composite Scheme of Arrangement. This scheme involves the amalgamation of Anchemco India Private Limited with Asia Investments Private Limited and the demerger of the Demerged Undertaking of Asia Investments Private Limited into Gabriel India Limited. The company will now proceed with the necessary filings to make the Scheme effective.
Key Highlights
- Gabriel India received the certified NCLT order for the Composite Scheme.
- The scheme involves amalgamation of Anchemco with Asia Investments.
- It also includes the demerger of Asia Investments' undertaking into Gabriel India.
- The company will file the order with relevant authorities to make the scheme effective.
- Gabriel India will keep stock exchanges informed of material developments.