Galaxy Bearings Ltd — Important, 02-05-2026: Company Update

Galaxy Bearings is in the preliminary stages of acquiring agricultural land measuring approximately 7,588 sq. meters in Rajkot, Gujarat, for an indicative consideration of 6 Cr. This purchase aims to support the company's operational and strategic requirements. The company has already made advance payments totaling 3.51 Cr for this proposed transaction. While a formal agreement and ownership transfer are pending due diligence and finalization, the Board had previously authorized officials to explore and make these payments. The company noted a delay in disclosure due to an internal communication lapse and is strengthening its reporting mechanisms.