Gabriel India Limited Completes Joint Venture with Jinos Co., Ltd. for Automotive Fasteners Business

Gabriel India Limited has successfully completed its joint venture agreement with South Korean company Jinos Co., Ltd., marking a significant strategic milestone in the automotive fasteners segment. The completion was announced on February 27, 2026, following the fulfillment of all conditions precedent and the allocation of equity shares in the joint venture entity. Joint Venture Structure and Ownership The partnership has been formalized through Jinhap Gabriel Auto India Private Limited (JGAIPL), formerly known as Jinhap Automotive India Private Limited. The equity allocation reflects a strategic partnership structure designed to leverage both companies' expertise in the automotive sector. Parameter: Details Joint Venture Entity: Jinhap Gabriel Auto India Private Limited Gabriel India Stake: 51% Jinos Co., Ltd. Stake: 49% Effective Date: February 27, 2026 Subsidiary Status: JGAIPL becomes Gabriel India subsidiary Business Scope and Operations The joint venture will focus on comprehensive fasteners business operations across multiple segments. JGAIPL will undertake an integrated approach to fasteners manufacturing and distribution, covering the entire value chain from development to market delivery. The business operations will encompass: Engineering and designing of fasteners Development and manufacturing capabilities Import and export operations Assembly and marketing functions Sales and distribution networks Focus on automotive and industrial applications Timeline and Regulatory Compliance The joint venture completion follows an extended timeline with multiple regulatory updates. Gabriel India had initially announced the proposal on July 09, 2025, with subsequent extensions and revisions communicated to stock exchanges. Milestone: Date Initial JV Proposal: July 09, 2025 First Closing Extension: October 31, 2025 Second Closing Extension: December 31, 2025 Subscription Amount Revision: February 03, 2026 Final Completion: February 27, 2026 Strategic Significance The completion of this joint venture represents Gabriel India's strategic expansion into the fasteners segment, complementing its existing automotive components portfolio. With Jinos Co., Ltd. as a technology partner, the venture is positioned to serve both automotive and industrial markets through advanced fastener solutions. The 51:49 ownership structure ensures Gabriel India maintains controlling interest while benefiting from Jinos' expertise and technology capabilities. This partnership aligns with the company's growth strategy in the automotive components sector, potentially enhancing its market presence in fasteners manufacturing and distribution. Gabriel India Limited has successfully completed the equity allotment process for its joint venture with SK On Co., Ltd, marking a significant milestone in their strategic partnership. The company announced on February 27, 2026, that equity shares have been allotted in SK Enmove Gabriel India Private Limited with SK On Co., Ltd holding 51% and Gabriel India Limited holding 49% stake respectively. Joint Venture Completion Details The equity allotment represents the fulfillment of First Tranche Conditions Precedent as defined in the Joint Venture Agreement. February 27, 2026, has been designated as the First Tranche Long Stop Date, completing a process that began in October 2025. Parameter: Details Equity Ratio: SK On Co., Ltd (51%) : Gabriel India Limited (49%) Allotment Date: February 27, 2026 JV Company: SK Enmove Gabriel India Private Limited First Tranche Long Stop Date: February 27, 2026 Supporting Agreements Executed To facilitate the joint venture operations, five key agreements were executed simultaneously with the equity allotment: Technology License Agreement (TLA): Between SK On Co., Ltd and the JV company to provide technological information, support and assistance for business operations Corporate Service Agreement (CSA): Between Anand Automotive Private Limited and the JV company for operational and management support services ZIC Trademark Brand License Agreement: Enabling the JV company to use the 'ZIC' trademark Business Transfer Agreement (BTA): Between SK Enmove India Private Limited and the JV company for acquisition of existing business operations Joinder Agreement: Recording the accession of the JV company to the Joint Venture Agreement terms and conditions Joint Venture Timeline The partnership development followed a structured timeline spanning several months: Milestone: Date Initial JV Proposal: October 07, 2025 JV Agreement Execution: October 15, 2025 Incorporation Activities Initiation: November 30, 2025 Subsidiary Incorporation: December 18, 2025 First Tranche Long Stop Date Revision: December 31, 2025 Equity Allotment Completion: February 27, 2026 Strategic Partnership Structure The joint venture involves SK On Co., Ltd, which emerged following the merger of SK Enmove Co., Ltd (SKEN) into SK On Co., Ltd. SK Enmove Gabriel India Private Limited was initially incorporated as a wholly owned subsidiary of Gabriel India Limited before the equity allotment to the joint venture partners. The completion of this equity allotment establishes the operational foundation for the joint venture, with comprehensive agreements in place to support technology transfer, operational management, brand licensing, and business integration activities. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.