GABRIEL INDIA : CLARIFIES VALUATION FOR HMAI ACQUISITION

• Clarification regarding valuation for proposed acquisition of equity shares of HL Mando Anand India Private Limited (HMAI) and preferential issue of equity shares. • Valuation based on audited financial statements for FY ended March 31, 2026. • No change in equity share exchange ratio or terms of proposed acquisition/preferential issue. • Joint valuation report dated July 21, 2026, by KPMG Valuation Services LLP and BDO Valuation Advisory LLP is available on company website. Impact: Neutral (Procedural clarification on valuation basis, no change in deal terms.)

Gabriel India Limited

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