Gabriel India Limited announces an acquisition

The specific issue price per share cannot be established from the cited filing extract. The disclosure confirms the preferential allotment to Asia Investments Private Limited, but the excerpt does not state a legible issue price, relevant date, or the underlying market-price data used for the SEBI ICDR floor-price calculation.^[1]

Accordingly:

• Issue price per share: Not disclosed in the cited extract.
• SEBI ICDR floor price: Not calculable from the cited extract because the relevant date and the applicable 90-trading-day and 10-trading-day VWAP inputs are absent.
• Comparison: It cannot be determined whether the issue price was at, above, or below the mandated floor price without the preferential-issue notice or valuation/pricing annexure.

The promoter and promoter group’s aggregate shareholding increased from 63.55% to 66.29%, a net rise of 2.74 percentage points after the allotment. ^[2]

For Asia Investments Private Limited specifically, the holding rose from 42.67% to 46.98%, or +4.31 percentage points. ^{[3] [4]}

The shift does not breach the public shareholding threshold: the post-allotment non-promoter/public portion is approximately 33.71%, derived as 100% minus the 66.29% promoter-group holding. This remains above the 25% minimum public shareholding requirement, leaving an estimated 8.71 percentage-point buffer. The allotment therefore changes ownership concentration but does not, by itself, create a public-shareholding compliance issue.

No enhanced lock-in is evidenced in the disclosed extracts, but the conclusion is not definitive because the full board resolution and explanatory statement are not included.

• The allotment disclosure identifies Asia Investments Private Limited as a promoter-group acquirer and reports the preferential issue, but does not state any lock-in period or an additional contractual restriction on the shares.^[1]
• The cited SEBI preferential-allotment explainer describes the mandatory promoter lock-in as 18 months, generally from the later of allotment or trading approval.^[5]
• A separate report says the allotment was approved through a board resolution passed by circulation on 11 September 2026, but it does not reproduce the resolution's lock-in language.^[6]

Accordingly, there is no cited evidence that Gabriel India specified a lock-in exceeding the mandatory SEBI period. However, this should be recorded as “not evidenced in the disclosed extracts,” rather than a definitive “no,” until the complete board resolution and Regulation 163 explanatory statement are reviewed.