Gabriel India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 19, 2006, inter alia, has approved the following: The Board has also approved the Demerger of the Engine Bearings Division from the Company through a vertical demerger process as per the provisions of the Companies Act, 1956. The Scheme of Arrangement will be filed with the stock exchanges in due course of time and will be subject to the necessary regulatory approvals including approval of the Hon'ble High Court of Judicature at Bombay. Federal-Mogul Corporation , USA which holds 5.146% of equity in the Company has agreed to be the majority partner in the new Demerged Engine Bearings Company through a preferential allotment of shares, subsequent to the Demerger by bringing in additional funds subject to certain stipulations. Gabriel India Ltd has informed BSE that pursuant to the order of the Hon'ble High Court of Judicature at Bombay, the Equity Shareholders of the Company at its court convened meeting held on January 10, 2007, have approved the Scheme of Arrangement & Restructuring between the Company and Anand Engine Components Ltd under section 391 & 394 of the Companies Act 1956, with requisite majority. Gabriel India Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Demerger i.e. Scheme of Arrangement and Restructuring between the Company and Anand Engine Components Ltd and their respective shareholders and creditors under Sections 391 and 394 of the Companies Act, 1956. Accordingly, the Hon'ble High Court has inter alia sanctioned the vesting of the Engine Bearings Division of the Company in Anand Engine components Ltd. The appointed date for the same is April 01, 2006. (As Per BSE Announcement Website Dated on 05/04/2007) Gabriel India Ltd has informed BSE that the Court order sanctioning the demerger of the Engine Bearings Division of the Company and its vesting in Anand Engine Components Ltd has been filed with the Registrar of Companies, Maharashtra on April 16, 2007. Accordingly, April 16, 2007 is the effective date of the Scheme. (As Per BSE Announcement Website Dated on 18/04/2007) Gabriel India Ltd has informed BSE that June 01, 2007 has been fixed as the Record Date for the purpose of Scheme of Arrangement. - Record Date to determine the eligibility of Members of the Company to be issued and allotted equity shares of Anand Engine Components Ltd in the Demerger Share Entitlement Ratio of 1 equity share of Rs 10/- each credited as filly paid up of Anand Engine Components Ltd for every 50 equity shares of Re 1/- each fully paid up held by such member in the Company. As per the Demerger Scheme as approved by the Hon'ble High Court, Anand Engine Components Ltd will be an Unlisted Company. (As per BSE Announcement website dated on 15/05/2007) SUB. :- Scheme of Arrangement of Gabriel India Ltd. (Scrip Code 505714) Trading members of the Exchange are hereby informed that, Gabriel India Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the company pursuant to the Scheme of Arrangement of the company. COMPANY NAME CODE Gabriel India Ltd. 505714 RECORD DATE 01/06/2007 EX-ENTITLEMENT DATE 25/05/2007 DR-039/2007-2008 PURPOSE Scheme of Arrangement: - Engine Bearing Division of Gabriel India Ltd. will be transferred and vested into Anand Engine Components Ltd. (an Unlisted Company). Upon coming into effect of the Scheme, Anand Engine Components Ltd. (AECL) will issue and allot in the ratio of ONE equity share of Rs.10/- each credited as fully paid up of AECL for every FIFTY Equity Shares of Re.1/- each held in Gabriel India Ltd. The shares issued and allotted of AECL as mentioned above shall not be listed in any stock exchange. The scrip will be No Delivery from 25/05/2007 (DR-039/2007-2008) to 31/05/2007 (DR-043/2007-2008). Note:- Exit route to the shareholders of AECL being an Unlisted Company as per the Scheme of Demerger. 1) On the record date the eligibility of the shareholders who would be entitled for the shares of AECL will be determined and shares will be issued to all the shareholders in the ratio of 1 share of AECL of Rs.10 paid up for every 50 shares of Gabriel held by the shareholder on the record date. 2) The shareholders will then be required to exercise an option within 30 days whether they would like to hold the shares of AECL or they would like to sell the shares of AECL @ Rs.95 per share to Gabriel ( as per scheme ) 3) If within 30 days a shareholder has not exercised the option then the Company will send the cheque to the shareholder calculated @ Rs.95 per share for every share of AECL allotted to the shareholder. The shareholder if still is willing to retain the shares of AECL, then it will return the cheque within 15 days and the Company will go ahead and issue them the certificates. 4) In case the shareholder does not returns the cheque or encashes the cheque within 15 days then it would be assumed that the shareholder has exercised the option of selling the AECL shares. (As per BSE Notice dated on 17/05/2007) With reference to earlier announcement dated May 15, 2007 regarding the Record Date on June 01, 2007 for the purpose of Scheme of Arrangement, Gabriel India Ltd has informed BSE that the Company has to shift the record date because the scheme envisages collaboration with Federal Mogul Corporation USA (FMC) which will become the majority shareholder in the demerged Company. FMC presently is under the proceedings of Chapter 11 of US Court and it will take some time for them to obtain the approval from the US court. The sanctioned scheme envisages such approval from US Court; accordingly the record date is being re-fixed on "August 24, 2007" awaiting the approval of the Bankruptcy Court in USA. (As Per BSE Announcement Website Dated on 23/05/2007) SUB. :- Scheme of Arrangement of Gabriel India Ltd. (Scrip Code 505714) In continuation of Exchange Notice no. 20070517-28 dated May 17, 2007, Trading members of the Exchange are hereby informed that, Gabriel India Ltd. has postponed the Record Date of 01/06/2007 for the purpose of determining entitlement to the shareholders of the company pursuant to the Scheme of Arrangement of the company to 24/08/2007. Accordingly the ex-entitlement date of 25/05/2007 (DR-039/2007-2008) and No Delivery period from 25/05/2007 (DR-039/2007-2008) to 31/05/2007 (DR-043/2007-2008) published in the aforesaid notice stands cancelled. The revised ex-entitlement date and no delivery period will be informed in due - course. Trading members are requested to take note of it. (As per BSE Notice dated on 24/05/2007) SUB. :- Scheme of Arrangement of Gabriel India Ltd. (Scrip Code 505714) Trading members of the Exchange are hereby informed that, Gabriel India Ltd. has fixed the Record Date for the purpose of determining entitlement to the shareholders of the company pursuant to the Scheme of Arrangement of the company. COMPANY NAME CODE Gabriel India Ltd. 505714 RECORD DATE 24/08/2007 EX-ENTITLEMENT DATE 16/08/2007 DR-097/2007-2008 PURPOSE Scheme of Arrangement: - Engine Bearing Division of Gabriel India Ltd. will be transferred and vested into Anand Engine Components Ltd. (an Unlisted Company). Upon coming into effect of the Scheme, Anand Engine Components Ltd. (AECL) will issue and allot in the ratio of ONE equity share of Rs.10/- each credited as fully paid up of AECL for every FIFTY Equity Shares of Re.1/- each held in Gabriel India Ltd. The shares issued and allotted of AECL as mentioned above shall not be listed in any stock exchange. The scrip will be No Delivery from 16/08/2007 (DR-097/2007-2008) to 23/08/2007 (DR-102/2007-2008). Note:- Exit route to the shareholders of AECL being an Unlisted Company as per the Scheme of Demerger. 1) On the record date the eligibility of the members who would be entitled for the shares of AECL will be determined and shares will be issued to all the members in the ratio of 1 share of AECL of Rs.10 paid up for every 50 shares of Gabriel held by the member on the record date. 2) The members will then be required to exercise an option within 30 days whether they would like to hold the shares of AECL or they would like to sell the shares of AECL @ Rs.95 per share to Gabriel ( as per scheme ) 3) If within 30 days a member has not exercised the option then the Company will send the cheque to the member calculated @ Rs.95 per share for every share of AECL allotted to the member. The member if still is willing to retain the shares of AECL, then it will return the cheque within 15 days and the Company will go ahead and issue them the certificates. 4) In case the member does not returns the cheque or encashes the cheque within 15 days then it would be assumed that the member has exercised the option of selling the AECL shares (As per BSE Notice dated on 07/08/2007)