StockWatch
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Abrasives & Bearings
Board Meeting26 Oct 2026, 12:43 pm

Galaxy Bearings Board Approves Unaudited Financial Results

AI Summary

Galaxy Bearings Limited held a Board of Directors meeting on October 26, 2026, where they considered and approved the Unaudited Financial Results for the Quarter and half-year ended September 30, 2026. The company also received the Limited Review Report from its Statutory Auditors, J. T. Shah & Co. A significant point noted in the auditor's report was the company's previous inclusion on the US Treasury's SDN list in October 2024, which restricted its access to USD and EURO. However, the company's name was removed from the list on June 30, 2026, concluding the proceedings.

Key Highlights

  • Board meeting held on October 26, 2026.
  • Unaudited financial results for Q2 FY27 approved.
  • Limited Review Report from Statutory Auditors received.
  • Company previously sanctioned but removed from SDN list.
  • Access to USD & EURO was previously restricted.