Galaxy Bearings Ltd — Board Meeting, 08-08-2025: Board Meeting

Galaxy Bearings' Board has approved its financial results for the quarter ended June 30, 2025. The company reported total income of Rs 19.44 Cr and a net profit of Rs 2.59 Cr. A major concern highlighted is the company's continued presence on the U.S. sanctions list since October 2024. This designation, stemming from allegations of providing dual-use equipment to Russia, has restricted Galaxy Bearings' access to USD and EURO via official channels. The company has applied to OFAC for prompt removal from this list, a critical step for its future business.