Galaxy Bearings Ltd — Results, 08-08-2025: Result

Bearings Limited

Registered office: A-53/54, 5th Floor, Pariseema Complex, C.G. Road, Ellisbridge, Ahmedabad 380006.

Tel.: (079) 29606020, Fax No.: (079)29606020, Email: investor.gbl@gmail.com, Website: www.galaxybearings.com

CIN: L29120GJ1990PLC014385

Ref. No. Galaxy/SEC/25-26/14

Date: August 08, 2025

To,

BSE Limited,

Phiroze Jeejeebhoy Tower,

Dalal Street,

Mumbai-400001.

Ref.: GALAXY BEARINGS LIMITED (Scrip Code: 526073; Scrip ID: GALXBRG)

Dear Sir/Madam,

Subject: Outcome of the Board Meeting held on Friday, August 08, 2025.

Pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 2015 (“SEBI LODR Regulations, 2015”), this is to inform you that the Board of

Directors of the Company at its Meeting held on Friday, August 08, 2025 has inter-alia, considered and

approved the following:

1. Unaudited Standalone Financial Results of the Company for the Quarter ended June 30, 2025 as reviewed and

recommended by the Audit Committee together with Limited Review Report submitted by the of Statutory

Auditor of the Company viz. J T Shah & Co., Chartered Accountants.

The Board Meeting Commenced at 11:30 A.M. (IST) and concluded at 11:50 A.M. (IST).

The above information will also be made available on the website of the Company and can be accessed at

https://www.galaxybearings.com/investor

You are requested to take the same on your record.

Thanking & Regards,

For GALAXY BEARINGS LIMITED

MONA SHARMA

COMPANY SECRETARY AND COMPLIANCE OFFICER

(ACS-73701)

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J. T. SHAH & CO.

CHARTERED ACCOUNTANTS

limited Review Report on Quarterly Statement of Standalone Unaudited Financial Results for

the Quarter ended 30th June, 2025 pursuant to the Regulation 33 of the SEBI (Listing Obligations

and Disclosure Requirements) Regulations. 2015.

To,

Board of Directors of

Galaxy Bearings Limited

Ahmedabad

We have reviewed the Unaudited Standalone Financial Results of Galaxy Bearings Limited ("the

Company") having its Registered Office at A/53-54, Pariseema Complex, C G Road, Ellisbridge,

Ahmedabad -380 006 for the quarter ended June 30, 2025 (the 'Statement') attached herewith,

being submitted by the Company pursuant to the requirements Regulation 33 of the SEBI {Listing

Obligations and Disclosure Requirements) Regulations, 2015 as amended.

Management's Responsibility

This Statement, which is the responsibility of the Company's Management and approved by the

Company's Board of Directors, has been prepared in accordance with the recognition and

measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial

Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with

relevant rules issued thereunder and other accounting principles generally accepted in India. Our

responsibility is to express a conclusion on the Statement based on our review.

Auditor's Responsibility

We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410,

"Review of Interim Financial Information Performed by the Independent Auditor of the Entity",

issued by the Institute of Chartered Accountants of India. This standard requires that we plan and

perform the review to obtain moderate assurance as to whether the financial statements are free

of material misstatement. A review is limited primarily to inquiries of company personnel and

analytical procedures applied to financial data and thus provide less assurance than an audit. We

have not performed an audit and accordingly, we do not expre~s an audit opinion.

Emphasis of Matters

As described in Note 4 to Financial Results, with respect to Company's name features in the

sanctions list (SDN List) of the United States Department of Trfasury published on 30th October,

2024 for providing Russia with the technologies and tools that it needs to carry out its military

operation. Due to this the company was unable to access USD & EURO through the official market.

The Company through its legal counsel based in the United States, has submitted an application to

201/202, Lolita Complex, 352/3, Rasole Marg, Nr. Join Temple,

Novrongpuro, Ahmedobod-380009.

Phone: 264 444 20, 264 444 30, 264 444 40, 265 604 40

Email 1nfo@jtshohco.com

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J. T. SHAH & CO.

CHARTERED ACCOUNTANTS

the Office of Foreign Assets Control (OFAC), U.S. Department of the Treasury, requesting an

expedited removal of the Company's designation on the Specially Designated Nationals and

Blocked Persons (SON) List.

Our opinion is not modified in respect of the above matters.

Other Matters

Attention is drawn to Note No. 5 to the Financial Result, that the figures for the three months

ended 31 March 2025 as reported in these financial results are the balancing figures between

audited figures in respect of the full previous financial year and the published year to date figures

up to the third quarter of the previous financial year. The figures up to the end of the third

quarter of previous financial year had only been reviewed and not subjected to audit.

Conclusion

Based on our review conducted as stated in above Paragraph, nothing has come to our attention

that causes us to believe that the accompanying Statement, prepared in accordance with the

recognition and measurement principles laid down in the aforesaid Indian Accounting Standard

and other accounting principles generally accepted in India, has not disclosed the information

required to be disclosed in terms of Regulation 33 of the SEBI (listing Obligations and Disclosure

Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed,

or that it contains any material misstatement.

Place: Ahmedabad

Date: 08/08/2025

201/202, Lolita Complex, 352/3, Rasala Marg, Nr. Jain Temple,

Navrangpura, Ahmedabad-380009.

Phone:26444420,26444430,26444440,26560440

EmOII: mfo@jtshohco.com

MEDAB

For, J. T. Shah & Co.

Chartered Accountants,

[Firm Regd. No. 109616W] .

(N.C.Shah)

Partner

[M. No. 035159)

UDIN:25035159BMJART7599

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Galaxy Bearings Limited

[CIN: l29l 20GJ1990PLC014~8SJ Read. Office: A/53•!°>4, Parlseema Complex. C G Ro;id, Elllsllridge, Ahmedabad • 380 006

Tel.: (079) 29606020, Eman: investor@gafa)l'.ybearings.c.om, Website www.galaxvbearings.com

STATEMENT OF UNAUDIT£D STANDALONE !INANCIAL RE5UlTS mR THE QUAATEA ENDED ON 30th Juht l01S {Rs. In Ltkhs. except per share data

STANDALONE Quarter Ended Year Ended

Sr. Particulars

No. unaudited (llef<ff Hot• $) Audited

30.06.2025 31--03·202.S 3!).0i.202• Jl-03·2025 ,

lnrnm" (a) Revenue from operations 1,688.54 2,995.15 2,275.27 10.421.86

(b) Other Income 255.65 (11.94) 214.91 252.79

Total Income 1.944.lB 2,983.21 2.490.18 10.674.6!; 2 Ex~nses

(a) Cost of Matenals consumed 446.86 97MS 1,178.82 4,541.75 {b) Purchase of stock-In-trade

(t) Changes In Inventories of finished goods, work-In-progress and stock•in•t_rade 347.22 452.73 (304.37) (87.08)

(di Empklyee benefits expense 163.89 l!">l.05 187.08 705.52

(ti>) Finance costs 61.80 36.86 30.26 125.44 (fl Depreciulon and amortisation expense 41.94 47.68 43.59 191.64

(gl Other el<l)enSl's 535.27 756.62 893.84 3,344,88

Total Exoenses 1,596.98 2,421.39 2,029.22 8,822.15

3 Profit/(loss)before exceptional Items and tax 11·2) 347.21 561.82 460.96 1,852.50 4 Except,onarltem -

5 Profit/floss! b~fore ta~ !:!Ml 347.21 561.82 460.96 1,852.50 6 Tax Eexpense:

(a) Current tax 31.85 161.13 ' 95.06 449.l9 (bl

Deferred tax 56.15 (13.02) 33.S1 32.16

Total Tax fxoense es.oo 148.11 128.57 481.35

7 Profit (Lossl for the period (St-61 259.21 413.71 332.39 1,371.15 8 Other Comprehensive Income (net of

tax) (4.23) (11.10) (1.94) (16.93) i 9 Total Comprehensive Income for the period {7+8)

254.98 402.61 330.45 1.354.22

10 Paid uo Equitv Share Caoital (Face value of Rs. 10/-each) 318.00 318.00 318.00 318.00

11 Earning Per Shares (Face Value of Rs. 10/-each) (not annualised for Interim period) :

(a) Basic 8.1S 13.01 10.4S 43.12 b) Diluted 8.15 13.01 10.45 43.12

Note.s: 1 The above Unauilited srandatoue: riNntial ro:ults u( ComJUOY for the Quarter ended June 30., 2025 have: been ,~d by the A.udit CommittH •nd

IPl)(OV!G bv the Soord of Oire<ton of th•Coml>•nv •t th•~., •• ... held on Frldav. AU,UII 08, 202s. Th• Statutory AuditOtf have carried out 1 'Umited Review Rrpo,-ri for th• on~udit•d standalone. f1nane~ te$ulu for the Qvaner endtd June 30. 2025.

l Th•-" finontl1l reiults h•ve t,,,,n "''pared In a000<d•nce wllh lndi1n Ao:ounttnc Sillndon!s (ind AS) as presaibed under sectloo 133 o( th< Companie> Ac1, 2013 rud with RUie 3 of the Comrw,les llndi1n Accounllng St1nd1rd1l l\ule, 2015ts amended from Um, to time 1od oth<or KCOUnlln& PMCll>ltS 1ent11llr

ucepttd in lndl• and In ttrms of Rogul,tJoo 33 ol 5(81 (Lisllr.s ObliptJoos and Oisdo1urt R,qulremtnts), R,gulotlons, 2015

3 Stgment Repon;,,g u der.,,ed In IND-AS 108 'Optratine Stsmtnts• ond in opinion of monoaement the Compony ls prlmonly mg1gtd In tho bu,;,,.... of a.II & roller Bearings. All o!h., activity revolve oroond main bwlness and as :iua, ti1'rt Is llO sel)frJte rtl)(lltablt busineu segment

4 On Occober 30, 202.4, OFAC sanctioned the C-onip;my under £.0. 14024 fat t'P()(ting hi&h prloritt duM-UH: equipment to Ru»i~ {LE,. if)Ods on the ·cotnmon HJ1h Prlonty Items wr or ·ct,tPIL .. ), This dt~an,ation resuh#d in Gataxy 8t.ving Umlttd btlnr pbce-d on Office of For~ign Assets COnttOI tOFAC's) Utt ol

Sptti.1lty De1ia,,1t&td Natkln•ls and &lo<.ked Pers.ons {~SON list.,). OFAC ~ntiotned that the Cumpillny has contributed~ prov1de-d,, dlttttlyor ,ndirectfy, funds, goods, te<hnoiocv. or ser,i<es by, to, or for th< benefit ol ,nv lndlvidu•I or tntity app,.rm1 on Of AC:, SON lbt,

The C<lmp•ny tO<>I< immtd;•tt acdoo upon learning al th< ,.nc{;oo, ond an,en lntlmatioo to Stock ~-ll• via Ref. No. GaJ•q/SEC/24•2~4] d1ttd HOYemhe!r OG, 202"4 wfth re~ct '.O Cotnp;)ny's narne feawrn in tM sanctlom lin ol the Unit~d Sta1es ~panment of lr~uu,y published on 30th Oc;tober,

2024 •nd mted th>r Company wa, ·totally unoworo of any Roller lle•rines bema us,d or a<soci.lttd with sanctioned entitles or indMdu•I•.

Ovrina the Pl'l'iod 30th Oc1ober'2024 to 31st March 2025, th< Componv w•• un.,ble 10 teem VSO & EURO throoah tlN! offtci•I ma,ket due to OFAC Sanctioned. The Company throulh its i.1a1 counsel !Ustd in the UnlU<i Smts. h.il subtninea •n appJitltion to lht Offoct of fOttlK/1 Asset> Control (OFAC),

U.S. O.oanment of th• r, .. ,ury, rtquesUna 1n e,q,ed,tod ,.,,.,....i or !hf Cc>tnpony's d•oianatlon °'' the Sl'l«l•llv OeSliinatod N1tlonal$ ond Blo<~•d Persons (SON)llit,

5 The"'""' lor the oua,te1 ended Marth 31, 202S Is th• balan<IOJ figures btt.,Hn 1udlttd ti1uru In reipect of th• full finantl•I year and th• publl>l\od year-to-date f,eum upio tile third qu•rter of Ille cut rent f1Nncial year. •lso lht results at the tnd of the lhlrd Ou Mr tr were only ttVlewed and not subjt(l lo

aurlit 6 Th• Comp1ny not: have any Subsidiary/ Associates.

7 flgur" fOf lht prnious period h•vt bffii rtgrOuped/ rtclu~fltd/ rurrangtd. whtrtwr necessa,y t0 <orttspood with the ccrront p,nodsclo1>lf1eaUon/ group's dldosure. The impact or slKh rearouptn, Is nor material to Ille flnancfal statemenL

8KGhod .. art M~mt: Nun•dt1bad

,,

WhofetJme Oirector 0.atP: ne/t\o'1025 DIN: 0003205"

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