GALAXY BEARINGS LTD.

Galaxy Bearings Limited has successfully executed and registered the definitive Sale Deed for Tranche 1 of its industrial land located in Sanaswadi, Pune. The transaction involves the sale of 6,100 Sq. Meters of land to BRK INFRA LEASING LLP for a consideration of Rs. 125 Lakhs. This marks the full conclusion of the sale for Tranche 1, following previous announcements regarding the disposal of this unutilized industrial land.

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.

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.

Galaxy Bearings Ltd has submitted its monthly report for August 2026 concerning the transfer and dematerialisation of physical securities. This filing is in compliance with SEBI Circular HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026, dated January 30, 2026, which facilitates the 'Ease of Doing Investment – Special Window for Transfer and Dematerialisation of Physical Securities'. The report, received from the Registrar to an Issue and Share Transfer Agent (RTA), details shares lodged or re-lodged for transfer-cum-demat during the month. Specific metrics such as the number of requests received, approved, and rejected, along with the average processing time, are provided in the prescribed format. This update ensures transparency in the handling of physical securities.

Galaxy Bearings Ltd has announced a further advance payment of ₹1,00,00,000 to the seller of agricultural land in Rajkot, Gujarat. This brings the total advance paid to ₹4,76,00,000. The acquisition is subject to finalization of commercial terms, due diligence, and execution of definitive agreements. No sale deed has been executed yet. The company will continue to provide updates on material developments.

Galaxy Bearings Limited has announced its 36th Annual General Meeting (AGM) will be held on Tuesday, September 22, 2026, at 03:30 P.M. IST via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The notice for the AGM was dispatched to shareholders on August 27, 2026. Key agenda items include the adoption of audited financial statements for FY26, the re-appointment of a director retiring by rotation, the re-appointment of Mr. Bharatkumar Ghodasara as Whole-time Director, and ratification of cost auditor remuneration. Remote e-voting will commence on September 19, 2026, and conclude on September 21, 2026. The cut-off date for determining voting eligibility is September 15, 2026.

Galaxy Bearings Limited has announced the 36th Annual General Meeting (AGM) for its members, scheduled to be held on Tuesday, September 22, 2026, at 03:30 PM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The notice for the AGM, along with an explanatory statement, was electronically dispatched to eligible members on August 27, 2026. Remote e-voting will be open from September 19, 2026, 09:00 AM IST to September 21, 2026, 05:00 PM IST. The cut-off date for electronic voting eligibility is September 15, 2026. Key agenda items include the adoption of the Audited Financial Statements for FY 2025-26, the re-appointment of Mr. Devang Maheshchandra Gor as a director retiring by rotation, and the special business of re-appointing Mr. Bharatkumar Ghodasara as Whole-time Director for five years from September 1, 2026.

Galaxy Bearings Limited has submitted its Annual Report for the Financial Year 2025-26, as per SEBI (LODR) Regulations, 2015. The report includes the notice for the 36th Annual General Meeting (AGM), scheduled for September 22, 2026, at 3:30 PM IST. The AGM will be conducted via Video Conferencing/Other Audio-Visual Means. The Annual Report, detailing various sections including financial statements, director's report, and corporate governance, is available on the company's website.

Galaxy Bearings Ltd announced the re-appointment of Mr. Bharatkumar Keshavji Ghodasara as Whole-Time Director for a further term of 5 years, effective September 1, 2026. This decision was made during a Board of Directors meeting held on August 7, 2026, and is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The board also approved the unaudited financial results for the quarter ended June 30, 2026, and finalized plans for the 36th AGM scheduled for September 22, 2026, including the closure of the Register of Members and Share Transfer Books from September 16 to September 22, 2026.

Galaxy Bearings Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors met on August 7, 2026, to approve these results and the Limited Review Report. Additionally, the Board approved the draft Directors' Report for FY 2025-26 and decided to convene the 36th Annual General Meeting (AGM) on September 22, 2026, via Video Conferencing. The register of members will be closed from September 16 to September 22, 2026, for the AGM. The company also approved the re-appointment of Mr. Bharatkumar Keshavji Ghodasara as Whole-Time Director for a further term of five years, subject to shareholder approval.