Gabriel India Ltd. Finalizes Joint Venture with SK On Co., Ltd. with Equity Allotment
Gabriel India Limited has completed the first tranche of its joint venture with SK On Co., Ltd. Equity shares were allotted on February 27, 2026, in SK Enmove Gabriel India Private Limited (JV Co.) with a 51:49 split favoring SK On Co., Ltd. Several agreements, including technology and brand licensing, have been executed.
The formation of a joint venture and the associated agreements are significant strategic steps that could impact the company's future business operations and market position, warranting a medium impact assessment.
The successful fulfillment of conditions precedent and equity allotment for the joint venture, along with the execution of key agreements, indicates positive progress and strategic advancement for the company.
Gabriel India Limited has announced the fulfillment of First Tranche Conditions Precedent for its Joint Venture Agreement with SK Enmove Co., Ltd. (now SK On Co., Ltd.). Equity shares have been allotted today, February 27, 2026, in the newly incorporated SK Enmove Gabriel India Private Limited (JV Co.) to SK On Co., Ltd. and Gabriel India Limited in a 51:49 ratio, respectively. February 27, 2026, is considered the First Tranche Long Stop Date.
In conjunction with this development, several key agreements have been executed. These include a Technology License Agreement (TLA) between SK On Co., Ltd. and JV Co. for procuring technological information, support, and assistance. Additionally, a Corporate Service Agreement (CSA) has been signed between Anand Automotive Private Limited (AAPL) and JV Co. for operational and management support services. The JV Co. will also utilize the ‘ZIC’ trademark under a ZIC Trademark Brand License Agreement with SK On Co., Ltd.
Furthermore, a Business Transfer Agreement (BTA) has been executed for JV Co. to acquire the existing business of SK Enmove India Private Limited. A Joinder Agreement has also been put in place between SK On Co., Ltd., Gabriel India, and JV Co. to formalize JV Co.'s accession to the Joint Venture Agreement's terms and conditions.
What to do with a filing like this
Gabriel India Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.