Galaxy Bearings Ltd

Update on Tranche 2 land sale

• Definitive Sale Deed for Tranche 2 could not be executed on Sept 24, 2026.
• Sale covers 5,700 sq m land at Gat 1091, Pune, to TREEFAC WORKS LLP for Rs 150 Lakhs.
• Execution remains under consideration; not cancelled or terminated.
• Mutually agreed date to be set after requisite formalities by both parties.
• Company will disclose status or material changes upon execution of the Sale Deed.
• Earlier disclosures dated May 2, 2026; Sept 15 & Sept 17, 2026 relate to final terms.
• No regulatory or shareholder approvals disclosed for this tranche.

Galaxy Bearings Ltd: Trading window closure from Thursday, October 01, 2026 till 48 hours after the declaration of Un-audited Financial Results for the quarter and half-year ended on September 30, 2026.

AGM details

• Mode: Video conferencing with remote e-voting facility.
• Date/time: afternoon session on a weekday in September 2026.
• Record date: mid-September 2026.
• Resolutions put to vote: four.

Resolutions put to vote

• Adoption of financial statements and reports; ordinary resolution.
• Appointment of director by rotation; ordinary resolution.
• Special resolution to re-appoint a whole-time director and approve remuneration.
• Remuneration payable to cost auditors for the year; ordinary resolution.

Voting outcomes

• Adoption resolution: Passed; no dissent.
• Director rotation: Passed; no dissent.
• Remuneration for whole-time director: Passed; no dissent.
• Cost auditor remuneration: Passed; 13 votes against.

Governance changes & approvals

• Re-appointment and remuneration terms for the whole-time director approved.
• Cost auditors’ remuneration ratified for the year.

AGM details

• 36th AGM held Sep 22, 2026 via VC/OAVM; meeting ran 03:39–04:49 PM IST.
• E-voting window opened before and during the AGM; cut-off date Sep 15, 2026.
• Chairperson was Independent Director; meeting conducted with remote participation.

Key resolutions

• Ordinary: adopt audited financial statements and directors' report for FY ended Mar 31, 2026.
• Ordinary: rotate and re-appoint Devang Gor as director.
• Special: re-appoint Bharatkumar Ghodasara as Whole-time Director; remuneration and continuation after 70.
• Ordinary: ratify remuneration payable to Cost Auditors for FY 2026-27.

Voting results

• All resolutions passed with requisite majority.

Directors and auditors

• Director changes: Devang Gor re-appointed on rotation.
• Auditor matters: remuneration of Cost Auditors for FY 2026-27 ratified; no statutory auditor changes noted.

Book closure correction

• Corrected book-closure window for 36th AGM: 16 Sept 2026 to 22 Sept 2026 (inclusive).
• Earlier intimation stated 15 Sept to 22 Sept 2026.
• Board approval and AGM notice unchanged; dispatch, e-voting, RTA configurations unchanged.
• No impact on operations or shareholder communications beyond date correction.

Transaction details

• Definitive Sale Deed for Tranche 1 of Sanaswadi land executed and registered.
• Buyer: BRK Infra Leasing LLP (LLPIN ACX-7053) and land area 6,100 sq m.
• Financial closure: Rs 125 Lakhs for Tranche 1.
• Tranche 1 transaction fully concluded; no related party transaction.
• Asset is unutilized industrial land; does not contribute to revenue.

Land sale approvals

• Board approved final terms and sale deeds for Gat No. 1091 land in two tranches.
• Tranche 1: 6,100 sqm to BRK Infra Leasing LLP for Rs 125 Lakhs; deed on Sep 17, 2026.
• Tranche 2: 5,700 sqm to TREEFAC WORKS LLP for Rs 150 Lakhs; on Sep 24, 2026.
• Remaining land to be disposed in subsequent tranches; updates will be filed upon final terms.
• Turnover and net worth: not applicable; land is unutilized.
• Board approval date: September 15, 2026; final sale deeds scheduled Sept 17 and Sept 24, 2026.

Dematerialisation report summary

• Monthly report on lodgement/re-lodgement for transfer and dematerialisation of physical securities August 2026 submitted to BSE.
• Submitted in compliance with SEBI Circular HO/38/13/11(2)2026 dated 30 January 2026.
• Monthly report received from Registrar to Issue and Share Transfer Agent (RTA) for August 2026.
• Enclosed document in prescribed format; placed on record.