Announcement under Regulation 30 (LODR) - regarding acquisition of shares in HK Klemove India Private Limited.

Date: July 21, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relations Department Listing Department P J Towers, Exchange Plaza, Plot No. C-1, G Block, Dalal Street, Fort Bandra Kurla Complex, Bandra (East) Mumbai – 400001 Mumbai – 400051 Scrip Code: 505714 Trading Symbol: GABRIEL Sub: Outcome of the Board Meeting held on 21st Day of July, 2026. Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/Ma’am, Pursuant to the provisions of Regulation 30 read with Schedule III of the SEBI Listing Regulations, we hereby wish to inform you that Gabriel India Limited ("Gabriel India" or “the Company”) and HL KLEMOVE CORPORATION, a corporation organized and existing under the laws of the Republic of Korea, having its registered office at 224, Harmony-ro, Yeonsu-gu, Incheon, Republic of Korea (“HL Klemove”, which expression shall include its successors in interest and permitted assigns) propose to enter into a Share Purchase Agreement pursuant to which Gabriel India intends to acquire 3,78,44,999 equity shares from HL Klemove in HL Klemove India Private Limited, a private limited company organized and existing under the laws of the Republic of India, having its registered office at Plot G, 58-60, SIPCOT Industrial Park Vallam Vadagal, Sriperumbudur, Tamil Nadu, India - 602105 (“Target Company” or “Joint Venture Company”). Further, Gabriel India, HL Klemove and the Target Company propose to enter into a Joint Venture Agreement to govern their inter se rights and obligations and to carry on the business of producing, developing, manufacturing, fabricating, assembling, buying, selling, distributing for repair, converting, over-hauling, altering, maintaining, improving and dealing in all types of Products in Territory (as defined in Annexure I) ("Business"). In light of the background provided above, the Board of Directors of the Company, in its Meeting held on 21st Day of July, 2026 have discussed and approved the following: 1) Investment by purchasing 3,78,44,999 equity shares of the Target Company from HL Klemove, aggregating to an amount equal to the INR equivalent of USD 98.44 million, which will result in the Gabriel India holding 30% minus one (1) share of the total paid-up share capital of Target Company, thereby making the Target Company an associate company of the Company. Page 1 of 11 2) Execution of the following agreements: A. Joint Venture Agreement ("JVA") to be executed among HL Klemove, Target Company and Gabriel India, for the Target Company to become a joint venture company between HL Klemove and Gabriel India, with their shareholding in the ratio of 70% plus 1 Share: 30% minus 1 Share respectively. B. Share Purchase Agreement ("SPA") to be executed between Gabriel India and HL Klemove, pursuant to which Gabriel India will purchase 3,78,44,999 equity shares of Target Company from HL Klemove. Further, a Corporate Service Agreement (“CSA”) to be executed between Anand Automotive Private Limited, a Promoter Group Entity of Gabriel India, and the Target Company, pursuant to which Anand Automotive Private Limited will provide certain corporate, management and operational support services to the Target Company. The existing License and Technical Assistance Agreement and Brand Sub License Agreement executed between HL Klemove and Target Company shall continue to remain in effect. In this regard, details as required under Para A 1.1 and Para A 5 of Part A of Schedule III of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are enclosed as Annexure I and Annexure II. The Board Meeting commenced at 04:00 P.M. IST and concluded at 05:00 P.M. IST. We request you to take the above information on record. Thanking you, For Gabriel India Limited Nilesh Jain Company Secretary & Compliance Officer Encl: As above Page 2 of 11 Annexure I Pursuant to Para A 1.1 of Part A of Schedule III of the Listing Regulations to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. No. Particulars Details 1. Name of the target entity, details in Target Entity: HL Klemove India Pvt Ltd (Target) brief such as size, turnover etc. Products: • Autonomous driving solutions products: Radar, Front Camera (including L2+ Highway), Lidar, ADCU/APCU (Automated Driving Control Unit/Automated Parking Control Unit), AD/ADAS Software embedded in or supplied with the products described above, in each case including components, subcomponents, modules, parts, and accessories incorporated therein or supplied therewith, including improvements and technological upgrades thereof; • Automotive electronics solution products: Acoustic Vehicle Alert System, Brake ECU, Steering ECU, SCR (Selective Catalytic Reduction) ECU controls for BLDC pump, Chassis Control Unit, FPC (Fuel Pump Controller), and Torque/Torque Angle Sensor, in each case including components, subcomponents, modules, parts, and accessories incorporated therein or supplied therewith, including improvements and technological upgrades thereof; Territory: India Size: • The Authorized share capital is INR 1,29,00,00,000 (Indian Rupees One Hundred and Twenty-Nine Crore only) Page 3 of 11 divided into 12,90,00,000 (Twelve Crore and Ninety lakhs Only) equity shares of face value of INR 10 (Indian Rupees Ten only) each and paid-up share capital of Target is INR 1,26,15,00,000 (Indian Rupees One Hundred and Twenty-Six Crore and Fifteen Lakhs Only) divided into 12,61,50,000 (Twelve Crore Sixty-One Lakhs and Fifty Thousand Only) equity shares of face value of INR 10 (Indian Rupees Ten only) each. Turnover: • FY 2024-25: INR 7,998.37 Million • FY 2025-26: INR 10,488.30 Million (unaudited) 2. Whether the acquisition would fall • The investment/acquisition of the share within related party transaction(s) capital of the Target Company does not fall and whether the promoter/ within the purview of Related Party promoter group/ group companies Transaction for Gabriel India; have any interest in the entity being • Post acquisition by Gabriel India, Target acquired? Company will become an Associate Company of Gabriel India and will be considered to be a If yes, nature of interest and details Related Party of Gabriel India; and thereof and whether the same is • Except to the extent of the share capital to be done at “arm’s length held by Gabriel India in Target Company, the promoter/promoter group/group companies have no interest in Target Company. 3. Industry to which the entity being Automotive Component and Auto Parts. acquired belongs 4. Objects and impact of acquisition Gabriel India intends to acquire 3,78,44,999 equity (including but not limited to, shares in the Target Company from HL Klemove, disclosure of reasons for acquisition representing 30% minus one (1) share of the total of target entity, if its business is paid-up share capital of the Target Company. The outside the main line of business of Target Company is engaged in the business of the listed entity) developing, producing, manufacturing, selling and dealing in Autonomous Driving Solutions Products Page 4 of 11 and Automotive Electronics Solutions Products as more defined in point no. 10 below. Through this joint venture, Gabriel India intends to participate in the autonomous driving and automotive electronics business in India together with HL Klemove. 5. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition 6. Indicative time period for Long Stop date for Tranche 1 (Upfront Payment): completion of the acquisition on or before September 15, 2026. Long Stop date for Tranche 2 (deferred payment[): on or before eighteen (18) months after the Signing Date. 7. Consideration - whether cash Cash consideration for acquisition of 3,78,44,999 consideration or share swap or any equity shares of the Target company, representing other [Showing first 8,000 characters — download PDF for full document]