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Gabriel India Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on July 21, 2008, inter alia, have accorded to the following:

1. Adoption of Annual Account of the Company as on March 31, 2008.

2. Payment of Final Dividend @ 40% i.e. 0.40 per equity share of Rs 1.

3. Re-appointment of Mr. Russi Jal Taraporevala and Ms. Padmini Khare Kaicker as Directors of the Company.

4. Re-appointment of Auditors of the Company i.e. Price Waterhouse & Co., Chartered Accountants, Gurgaon

5. A resolution regarding appointment of Mr. Arvind Walia, as Managing Director of the Company.

6. A resolution regarding appointment of Mr. Prakash Kulkarni, as Executive Chairman of the Company.

7. A resolution regarding appointment of Mr. Rakesh Sachdev and Mr. Deepak Chopra, as Non-Executive Director of the Company.

Gabriel India Ltd has informed BSE that following changes have taken place in the composition of Board of Directors:

- Following directors have resigned from the Board of Directors of the Company.

a. Mr. K N Subramanaiam resigned from the post of Managing Director and Director
b. Mr. M S Sandhu
c. Mr. C S Patel

- Following New Directors have been appointed.

a. Mr. Prakash Kulkarni is appointed as additional Director and is Executive Chairman of the Company
b. Mr. Deepak Chopra is appointed as Additional Director.

Consequent to the above Mr. Arvind Walia has been elevated to the position of Managing Director.

Gabriel India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2008, inter alia, had declared an interim dividend of 30% amounting to Rs 0.30 per share, the Board of Directors have further recommended a final dividend of 40% amounting to Rs 0.40 per share of Rs 1/- each subject to approval of shareholders, making total dividend of 70% amounting to Rs 0.70 per share for the year.

Gabriel India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 21, 2008, inter alia, to consider, approve and take on record the
Audited Financial Results of the Company for the quarter and year ended on March 31, 2008 and to recommend dividend, if any, subject to the approval of the members in the Annual General Meeting.