Sale15 Sept 2026, 01:55 pm
Galaxy Bearings Sells Land for ₹275 Lakhs in Two Tranches
AI Summary
Galaxy Bearings Limited announced the definitive approval and execution of sale deeds for its industrial land in Pune. The Board of Directors approved the sale of approximately 11,800 Sq. Meters in two tranches for a total consideration of Rs. 275 Lakhs. Tranche 1 involves selling 6,100 Sq. Meters to BRK INFRA LEASING LLP for Rs. 125 Lakhs, with the sale deed scheduled for September 17, 2026. Tranche 2 involves selling 5,700 Sq. Meters to TREEFAC WORKS LLP for Rs. 150 Lakhs, with the sale deed scheduled for September 24, 2026. The remaining land parcel will be sold in subsequent tranches.
Key Highlights
- Board approved definitive sale of industrial land in Pune.
- Total consideration for two tranches amounts to Rs. 275 Lakhs.
- Sale of 6,100 Sq. Meters for Rs. 125 Lakhs to BRK INFRA LEASING LLP.
- Sale of 5,700 Sq. Meters for Rs. 150 Lakhs to TREEFAC WORKS LLP.
- Remaining land parcel to be sold in subsequent tranches.
Price Impact
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