Galaxy Agrico Exports Ltd — Board Meeting, 11-08-2025: Board Meeting

Galaxy Agrico Exports has announced the outcome of its board meeting. The company approved the sale of its core business, manufacturing and trading agricultural equipment and bearings, to a non-related entity for ₹9.25 Cr. This division contributed 100% of the company's FY25 income and holds ₹4.02 Cr in net assets. The sale is pending shareholder approval and expected by Q4 FY26. For the quarter ended June 30, 2025, the company reported a net loss of ₹0.12 Cr. Auditors highlighted concerns, stating they couldn't verify fixed assets or inventories due to the company's lack of inspection and proper asset registers.