Gabriel India Limited Holds 64th AGM; Approves Dividend & Key Corporate Actions
Gabriel India Limited held its 64th AGM on August 19, 2026. Shareholders approved the final dividend of ₹3.10 per share for FY25-26 and re-appointed directors and auditors. Key approvals included a preferential issue of shares to Asia Investments Private Limited worth ₹18,810.31 crore and increasing borrowing limits to ₹1,600 crore.
The approval of a substantial preferential share issue (₹18,810.31 crore) and significant increases in borrowing and investment limits are material events that will significantly impact the company's financial structure and future operations.
The AGM approved the final dividend, re-appointments, and significant corporate actions including a large preferential share issue and increased borrowing limits, indicating positive progress and shareholder confidence.
Gabriel India Limited conducted its 64th Annual General Meeting (AGM) on Wednesday, August 19, 2026, commencing at 02:30 PM IST through Video Conferencing / Other Audio-Visual Means (VC/OAVM).
During the meeting, chaired by Mrs. Anjali Singh, shareholders approved the adoption of the Audited Financial Statements and Audited Consolidated Financial Statements for the financial year ended March 31, 2026. A final dividend of ₹3.10 per equity share for the financial year 2025-26 was declared. The re-appointment of Mr. Mahendra K. Goyal as a Director and the re-appointment of M/s Price Waterhouse Chartered Accountants LLP as Statutory Auditors for a second term of five years were also approved.
Key special businesses transacted included the ratification of remuneration for Cost Auditors for FY 2026-27, alteration of the Memorandum of Association to increase authorized share capital, and alteration of Articles of Association. Shareholders also approved increases in borrowing limits and creation of mortgage/charge on assets not exceeding ₹1,600 crores. Furthermore, approval was granted for investments, loans, guarantees, or letters of comfort not exceeding ₹4,000 crores. The approval for a material related party transaction with Asia Investments Private Limited for the purchase of equity shares of HL Mando Anand India Private Limited was also secured, along with the approval for the offer and issue of 1,44,04,204 equity shares to Asia Investments Private Limited on a preferential basis at ₹1,305.89 per share, aggregating to ₹18,8103,05,962.
Additionally, Mr. Mahendra K. Goyal was appointed as Group Chief Executive Officer and Managing Director for a five-year term effective July 21, 2026, and Mr. Atul Jaggi's designation and terms of appointment as Managing Director (Ride Control) were varied, also effective July 21, 2026. The results of the voting, along with the Scrutinizers' Report, will be disclosed to the stock exchanges and displayed on the company's website.
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Gabriel India Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Gabriel India Limited. Read the original for the full detail.