5057142026-10-072026-10-075057142026-10-07Gabriel India LimitedGABRIELNewJoint venture agreementsOthersBoard's ApprovalListed Entity,OthersGabriel India Limited and Faurecia Automotive Seating India Private Limited propose to enter into a Joint Venture Agreement and incorporation fo JV Companytrue2026-10-0609:05:00true2026-10-07Board's Approval2026-10-06JVA is being entered to enable formation of JV Co. to carry on 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). Following agreements shall also be executed after incorporation of JV Co.: a. TIPLA would be entered between Forvia, Faurecia India, and JV Co. to procure technical information and technical assistance for the business. b. CSA between AAPL and JV Co. to procure certain operational and management support services for the business. c. FASI-CSA between FASI and JV Co. to procure certain operational and management support services for the business. d. BTA between FASI and JV Co. to acquire the existing frames business of FASI as a going concern on a slump sale basis, excluding mechanismGabriel India intends to subscribe 50% less 1 equity share of the JV Co., with the objective of diversifying its business into a powertrain agnostic product segment within the automotive components industry