Outcome of Board Meeting

Date: October 06, 2026 BSE Limited National Stock Exchange of India Limited 25th Floor, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), MUMBAI – 400 001 MUMBAI – 400 051 (Company Code: 505714) (Company Code: GABRIEL) Sub: Disclosure of the outcome of the meeting of the Board of Directors of Gabriel India Limited held on October 06, 2026, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI Listing Regulations, we hereby wish to inform you that Faurecia Automotive Seating India Private Limited, a private limited company, organized and existing under the laws of India and having its registered office at Plot T 187, Pimpri Industrial Area, (B G Block), Bhosari, Pune, Maharashtra, India - 411026 (hereinafter refer as ’FASI’) and Gabriel India Limited (‘Gabriel India’/ ‘Company’) propose to enter into a Joint Venture Agreement to undertake the business of developing, manufacturing, assembling, marketing, selling and distributing primarily passenger vehicle seats, either completely assembled seats or their components/sub-assemblies/systems (excluding mechanisms), in the identified territory (i.e., India and such other Countries as may be mutually agreed). In light of the background provided above, the Board of Directors of Gabriel India at its meeting held today, i.e., on October 06, 2026, inter alia, has accorded its approval for the following: 1. Execution of the Joint Venture Agreement (‘JVA’) between FASI and Gabriel India to enable formation of a Joint Venture Company (‘JV Co.’) wherein FASI and Gabriel India will have shareholding in the ratio of 50% plus 1 equity share and 50% less 1 equity share respectively. 2. Incorporation of JV Co., by making an initial aggregate investment of INR 20,00,00,000/- (Indian Rupees Twenty Crores Only), out of which Gabriel India will invest INR 9,99,99,990/- (Indian Rupees Nine Crores Ninety Nine Lakhs Ninety Nine Thousand Nine Hundred and Ninety Only), representing 50% less 1 equity share of the JV Co., and FASI will invest INR 10,00,00,010/- (Indian Rupees Ten Crores and Ten Rupees Only), representing 50% plus 1 equity share of the JV Co. 3. Further, upon completion of the conditions precedent and consummation of the transaction in accordance with the JVA (‘Closing’), the parties shall make an additional aggregate investment of INR 80,00,00,000/- (Indian Rupees Eighty Crores Only), with Gabriel India and FASI each investing INR 40,00,00,000/- (Indian Rupees Forty Crores Only) towards the equity share capital of the JV Co. 4. Post Closing, the paid-up equity share capital of the JV Co. will be INR 100,00,00,000/- (Indian Rupees One Hundred Crores Only), with Gabriel India and FASI having invested INR 49,99,99,990/- and INR 50,00,00,010/- respectively, resulting in Gabriel India and FASI holding equity shareholding in the JV Co. in the ratio of 50% less 1 equity share and 50% plus 1 equity share, respectively. The Board of Directors noted that after incorporation of JV Co. the following agreements shall also be executed: a) Technical Services and Intellectual Property License Agreement (‘TIPLA’) between Faurecia Sieges D’Automobile, a corporation organized and existing under the laws of France, having its registered office at 23-27 Avenue Des Champs Pierreux, 92000 Nanterre, France (the ’Forvia’), Faurecia India Private Limited, a private limited company, organized and existing under the laws of India (the ’Faurecia India’), and JV Co. to procure technical information and technical assistance for the business. b) Management & Corporate Service Agreement (‘CSA’) between Anand Automotive Private Limited (‘AAPL’), and JV Co. to procure certain operational and management support services for the business. c) Management & Corporate Service Agreement (‘FASI-CSA’) between FASI and JV Co. to procure certain operational and management support services for the business. d) Business Transfer Agreement (‘BTA’) between FASI and JV Co. to acquire the existing frames business of FASI as a going concern on a slump sale basis, excluding mechanism. In this regard, relevant particulars as required under Regulation 30 of the SEBI Listing Regulation read with the SEBI Circular are provided in Annexure I and Annexure II. Please note that the aforesaid Board meeting started at 08:30 pm and concluded at 09:05 pm. We would request you to please take note of the above and bring the same to the notice of all concerned. Thanking You Yours Faithfully For Gabriel India Limited Mohit Srivastava Chief Financial Officer Encl: as above Annexure I S. No. Particulars Details 1. Name of the target entity, details in Proposed name of the JV Co.: Faurecia Anand Seating India brief such as size, turnover etc. Private Limited or any other name as may be approved by the Registrar of Companies or Central Registration Centre, Ministry of Corporate Affairs. Investment by Gabriel India: • First tranche of INR 9,99,99,990/- (Indian Rupees Nine Crores Ninety-Nine Lakhs Ninety-Nine Thousand Nine Hundred and Ninety Only) in the equity share capital of the JV Co., to be made at the time of JV Co. incorporation, • Second tranche of INR 40,00,00,000/- (Indian Rupees Forty Crores Only) in the equity share capital of the JV Co., to be made at the time of Closing. Turnover, size: Not applicable as the JV Co. is yet to be incorporated 2. Whether the acquisition falls within The initial subscription to the equity share capital of the JV related party transaction(s) and Co. at the time of its incorporation does not fall within the whether the promoter/ promoter purview of Related Party Transaction for Gabriel India. group/ group companies have any interest in the entity being acquired? Post incorporation, the JV Co. will become an Associate of Gabriel India and hence its Related Party. If yes, nature of interest and details thereof and whether the same is Except to the extent of the share capital to be held by Gabriel done at “arm’s length”. India in the JV Co., the promoter/promoter group/group companies have no other interest in the JV Co. 3. Industry to which the entity being The JV Co., to be incorporated, shall belong to Auto acquired belongs. Component and Automotive Industry 4. Objects and effects of acquisition Gabriel India intends to subscribe 50% less 1 equity share of (including but not limited to, the JV Co., with the objective of diversifying its business into disclosure of reasons for acquisition a powertrain agnostic product segment within the of target entity, if its business is automotive components industry outside the main line of business of the listed entity). 5. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition. 6. Indicative time period for By 31st December 2026 or any other date as may be agreed completion of the acquisition. between FASI and Gabriel India. 7. Nature of consideration ‐ whether Cash consideration cash consideration or share swap and details of the same. 8. Cost of acquisition or the price at The Board of Gabriel India has approved an investment of INR which the shares are acquired. 49,99,99,990 (Indian Rupees Forty Nine Crores Ninety Nine Lakhs Ninety Nine Thousand Nine Hundred and Ninety Only) in following tranches: • First tranche of INR 9,99,99,990/- (Indian Rupees Nine Crores Ninety Nine Lakhs Ninety Nine Thousand Nine Hundred and Ninety Only) in the equity share capital of the JV Co., to be made at the time of JV Co. incorporation, • Second tranche of INR 40,00,00,000/- (Indian Rupees Forty Crores Only) in the equity share capital of the JV Co., to be made at the time of Closing. 9. Percentage of shareholding / control Post incorporation, the shareholding in the proposed JV Co. acquired and / or number of shares shall be as under: acquired. 1) FASI: 50% plus 1 share of the total Equity [Showing first 8,000 characters — download PDF for full document]