Gabriel Pet Straps Ltd

Rematerialisation requests status

• Regulation 74(5) not applicable; all shares held in demat; no rematerialisation requests received in quarter ended 30 Sept 2026.

Gabriel Pet Straps Limited – Trading window closed from October 01, 2026 till 48 hours after the unaudited financial results for the half year ended on September 30, 2026 of the Company are approved/taken on record by the Board of Directors of the Company and filed with the Exchange.

Financial snapshot

• Standalone revenue ₹177.22 crore; YoY growth ~474%.
• Consolidated revenue ₹182.85 crore.
• Standalone PAT ₹36.90 lakh; YoY growth ~136.9%.
• Consolidated PAT ₹39.21 lakh.
• Standalone EPS ₹4.93; Consolidated EPS ₹5.17.
• Debt-Equity 0.03; Current Ratio 8.92x.
• Operating Margin 2.87%; Net Margin 2.08%; ROI 12.15%.
• IPO proceeds deployed for debt repayment, capacity expansion, solar plant.

Capital structure & equity

• Authorised share capital increased to ₹10 crore in Aug 2025.
• Paid-up capital rose to ₹7.48 crore via private placement in Dec 2025.
• 74,80,044 equity shares issued; 18,13,996 new shares via preferential allotment.
• 15,30,000 warrants issued; conversion details as per filing.
• No dividend declared for FY2025-26.

Subsidiary & consolidation

• Gabriel Ingrevia Limited incorporated 9-Apr-2025; 100% owned.
• GIL consolidated with GPSL; intercompany eliminated.
• Subsidiary supports group growth opportunities.

Governance & board

• Board met 8 times in FY2025-26.
• Shrenik Hitenbhai Vora appointed Independent Director from 10-Feb-2026.
• Darshan Bhaveshbhai Vora resigned 30-Jan-2026.
• Mrs. Rupalben Shah appointed Independent Director from 3-Apr-2026.
• Mrs. Aarti Jaybhai Shah to retire by rotation; re-appointment proposed.

Capital deployment & liquidity

• IPO proceeds deployed for debt repayment, capacity expansion, solar energy.
• Loan to Gabriel Ingrevia Limited: ₹34.86 crore.
• Related-party loans to Directors disclosed; total several crores; note disclosures.
• Liquidity position strengthened; solid balance sheet indicators.

Risks & outlook

• Raw material price volatility; PET resin linked to crude oil.
• Industry competition; fragmented market; pricing pressure.
• Regulatory changes and labour laws; compliance costs.
• FX risk for exports; SME listing volatility.
• Outlook positive; PET straps demand from e-commerce, steel, logistics; growth via capacity and diversification.

Operations & capabilities

• Installed capacity 8-15 MT/day; multiple automated lines.
• 1,000+ customers across 10 states; diversified industries.
• Core strategy: strong quality, efficiency, and waste-to-best-process ethos.
• Subsidiary expansion complements PET strap business.

Dematerialisation status

• Entire shareholding in dematerialised form; no rematerialisation requests received.
• Regulation 74(5) not applicable due to complete dematerialisation.
• No exceptions, delays, or non-compliance reported.

Purpose of EGM

• Appointment of Mrs. Rupalben Pranavkumar Shah as Independent Director

Summary of Resolutions

• Special resolution to appoint Mrs. Rupalben Pranavkumar Shah as Independent Director
• Term of appointment: 5 years from April 03, 2026 to April 02, 2031
• Mrs. Shah declared meeting independence criteria under applicable laws

Board and Management Present

• Jay Pareshbhai Shah chaired the meeting as Managing Director and CFO
• Four directors and one company secretary attended the meeting
• Statutory auditors were absent due to pre-occupation

Shareholding and Attendance

• 13 members attended holding 45.90% of shares
• Voting conducted via ballot papers at meeting venue

Voting Outcome and Process

• Voting results to be declared after scrutinizer's report
• Results to be published on company website and sent to BSE

Board Appointment

• Mrs. Rupalben Pranavkumar Shah appointed as Non-Executive Independent Director for five years from April 3, 2026, to April 2, 2031.
• Appointment approved as a special resolution; Mrs. Shah is not liable to retire by rotation.
• Mrs. Shah meets independence criteria under the Companies Act and SEBI regulations.
• No director or key managerial personnel has financial or other interest in the appointment, except possible shareholding.
• Mrs. Shah holds a Bachelor of Commerce degree with expertise in accounting and financial management.
• She holds no directorships or committee memberships in other companies.

Shareholding and Control

• Mrs. Shah holds no shares; appointment does not affect promoter holding or control.

Director Resignation ️

• Mr. Darshan Bhaveshbhai Vora resigned as Independent Director effective January 30, 2026, close of business.
• Reason for resignation: pre-occupation and other personal commitments.
• He confirmed no other material reasons for resignation beyond those stated.

Board and Committee Changes

• Mr. Vora ceased membership of Audit Committee, Stakeholder Relationship Committee, and Nomination and Remuneration Committee.
• His resignation creates vacancies in multiple key board committees.

Other Directorships

• Mr. Vora holds no directorships or committee memberships in other listed entities.

Approvals

• No regulatory or shareholder approval was mentioned as required for the resignation.