Sale25 Sept 2026, 12:44 pm
Galaxy Bearings: Tranche 2 Land Sale Deed Execution Delayed
AI Summary
Galaxy Bearings Limited announced a delay in the execution of the Sale Deed for Tranche 2 of its industrial land sale. The transaction, involving 5,700 Sq. Meters of land to TREEFAC WORKS LLP for Rs. 150 Lakhs, was scheduled for September 24, 2026, but was postponed due to unforeseen administrative and commercial circumstances and pending procedural requirements from the counterparty. The deal remains under consideration and has not been cancelled. The company will provide further updates upon execution of the Sale Deed or any material changes.
Key Highlights
- Tranche 2 land sale deed execution delayed from September 24, 2026.
- Sale of 5,700 Sq. Meters land to TREEFAC WORKS LLP for Rs. 150 Lakhs.
- Delay attributed to administrative/commercial issues and counterparty procedures.
- Transaction remains active, not cancelled or terminated.
- Further disclosure upon Sale Deed execution or material change.
Price Impact
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