Galaxy Agrico Exports Ltd — Results, 11-08-2025: Result

Galaxy Agrico Exports' Board has approved selling its entire manufacturing and trading business (Agricultural Equipments and Bearings) as a slump sale to Forgex Rings Private Limited, a non-related entity. This business contributed 100% of the company's INR 3.84 Cr total income and INR 4.02 Cr net assets in FY24-25. The sale is for INR 9.25 Crore, pending shareholder approval. The financial results for the quarter showed a net loss of INR 0.12 Cr. Auditors raised concerns regarding the company's fixed asset and inventory verification, citing a lack of inspection and register maintenance.