Galaxy Bearings Ltd

Unaudited results & AGM actions

• Unaudited standalone results for quarter ended June 30, 2026 approved with limited review report.
• Adoption of Draft Directors' Report for FY2025-26 approved.
• 36th AGM fixed for Sept 22, 2026 at 3:30 PM via VC/OAVM.
• Register of Members and Share Transfer Books closed Sept 16-22, 2026.
• Cut-off date for remote e-voting fixed Sept 15, 2026.
• CDSL appointed for remote e-voting facility.
• Alankit Assignments Limited appointed for VC/OAVM AGM support.
• Jignesh Kotadiya appointed Scrutinizer for remote e-voting/AGM.
• Re-appointment of Bharatkumar Keshavji Ghodasara as Whole-Time Director for 5 years from Sept 01, 2026, subject to approval.

Director appointment details

• Name Bharatkumar Keshavji Ghodasara; DIN 00032054; designation Whole-Time Director.
• Term: five years from Sept 01, 2026.
• Shareholding: 15,600 equity shares (0.49%).
• Not debarred from holding office.
• Appointment subject to shareholders' approval at the ensuing AGM.

Dematerialisation status

• Securities dematerialised have been listed on the stock exchanges for the reporting quarter.
• Physical certificates were mutilated and cancelled; depository name substituted as registered owner within prescribed timelines.

Dematerialisation lodgement report (June 2026)

• Subject: Monthly lodgement/re-lodgement for transfer and dematerialisation of physical securities, June 2026.
• Filed under SEBI circular HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026.
• Reported by Registrar to an Issue and Share Transfer Agent (RTA) for June 2026 lodgements.
• Lodged/re-lodged shares for transfer-cum-demat during June 2026.
• No material financial metrics disclosed in this update.
• Filed with BSE Limited for record-keeping; Ahmedabad-based company.
• Dated 06 July 2026; Place: Ahmedabad.
• Signed by Bhumika Teli, Company Secretary and Compliance Officer.

OFAC SDN removal

• OFAC removed Galaxy Bearings from the SDN list on June 30, 2026.
• Designation proceedings are concluded.
• Permitted to engage with U.S. persons and via the U.S. financial system, subject to laws.
• Removal is expected to facilitate normalization of international operations, including dealings with U.S. counterparties.
• References to prior disclosures: Nov 6, 2024; Feb 13, 2025; May 13, 2025.
• Event dated June 30, 2026, 12:32 AM IST (1 July 2026).

Target land

• Proposed purchase of agricultural land at Village Shapar, Taluka Kotda Sangani, Rajkot, Gujarat.
• Land admeasures approximately 7,588 square meters.
• Seller is Mr. Samjibhai Pragajibhai Dhameliya.

Consideration

• Further advance payment of ₹25,00,000 was made through banking channels.
• Aggregate advance paid increased to ₹3,76,00,000.
• Advance will form part of final acquisition consideration.

Status and approvals

• Transaction remains under evaluation and due diligence.
• Definitive agreements and applicable statutory approvals are pending.
• No sale deed or ownership transfer has been executed.