NCLT Mumbai Bench Sanctions Composite Scheme of Arrangement Involving Amalgamation and Demerger into Gabriel India Limited
Published on: May 12, 2026, 2:56 a.m. | Source: scanx.trade
The NCLT Mumbai Bench, vide its order dated May 11, 2026, sanctioned the Composite Scheme of Arrangement involving the amalgamation of Anchemco India Private Limited with Asia Investments Private Limited and the demerger of the Demerged Undertaking into Gabriel India Limited under Sections 230 to 232 of the Companies Act, 2013. The scheme, approved by the boards on June 30, 2025, carries Appointed Date 1 as April 1, 2025 and Appointed Date 2 as April 1, 2026, with a share exchange ratio of 1158 equity shares of Rs. 1 each of Gabriel India for every 1000 equity shares of Rs. 10 each held in Asia Investments Private Limited. The scheme aims to transform Gabriel India from a mono-product suspension company into a diversified, technology-driven mobility solutions provider. Gabriel India is awaiting the certified copy of the order to proceed with requisite filings to make the scheme effective.
