Sale15 Sept 2026, 01:49 pm
Galaxy Bearings Sells Land Parcels for ₹275 Lakhs
AI Summary
Galaxy Bearings Ltd announced board approval for the sale of industrial land parcels totaling 11,800 sq. meters for a combined consideration of ₹275 Lakhs. The first tranche of 6,100 sq. meters was sold to BRK INFRA LEASING LLP for ₹125 Lakhs, with the sale deed executed on September 17, 2026. The second tranche of 5,700 sq. meters was sold to TREEFAC WORKS LLP for ₹150 Lakhs, with the sale deed executed on September 24, 2026. This land was unutilized and did not contribute to operational revenue. The company will file updates on subsequent tranches.
Key Highlights
- Board approved sale of industrial land parcels for ₹275 Lakhs.
- Two tranches totaling 11,800 sq. meters sold to unrelated parties.
- Sale deeds executed on September 17 and September 24, 2026.
- Unutilized land disposal to improve asset utilization.
- Further tranches of land sale to be executed subsequently.
Price Impact
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