Galaxy Bearings Ltd — Important, 27-08-2026: Company Update

Galaxy Bearings Limited has made an additional advance payment of 1 Cr for the proposed purchase of agricultural land in Rajkot, Gujarat. This brings the total advance paid for the approximately 7,588 sq. meter plot to 4.76 Cr. This payment forms part of the consideration for the land acquisition. The company clarified the transaction is still under evaluation, subject to due diligence, final agreements, and necessary approvals. No ownership transfer has occurred yet, signaling ongoing progress in its potential expansion plans.