Gabriel India Allots 3.35 Crore Shares Under Composite Scheme of Arrangement

Gabriel India Limited has successfully allotted 3,35,86,083 equity shares as part of its Composite Scheme of Arrangement.

What just happened

The company's Board of Directors approved the allotment of 3,35,86,083 equity shares via a circular resolution on June 09, 2026. This issuance is a key step under the Composite Scheme of Arrangement, previously sanctioned by the National Company Law Tribunal (NCLT) on May 11, 2026.

Why this matters

This allotment signifies the successful execution of the restructuring plan. It increases Gabriel India's paid-up equity share capital to ₹17.72 crore and brings the company closer to listing these new shares on the stock exchanges, impacting its capital structure.

The backstory

The Composite Scheme of Arrangement was approved by the NCLT, outlining a process for restructuring the company. The record date for this allotment was May 29, 2026.

What changes now

Gabriel India's paid-up equity share capital now stands at ₹17.72 crore, comprising 17,72,30,023 shares. The newly allotted shares will rank pari-passu with existing shares and are slated for listing on BSE and NSE.

Investor Takeaway

This allotment is a procedural completion, marking a significant step in the corporate restructuring. Investors should await further announcements regarding the commencement of trading for these new shares.

Context metrics (time-bound)

• Shares Allotted: 3,35,86,083 equity shares.
• New Paid-up Equity Share Capital: ₹17.72 crore (₹1772.30 lakh) or 17,72,30,023 shares.
• Allotment Date: June 09, 2026.
• Record Date: May 29, 2026.
• NCLT Order Date: May 11, 2026.

What to track next

Investors should monitor exchange filings for the official listing and commencement of trading for the newly allotted 3,35,86,083 equity shares.