Meeting Details
The 36th Annual General Meeting of Galaxy Bearings Limited was held on Tuesday, September 22, 2026 through Video Conferencing/Other Audio Visual Means in accordance with MCA and SEBI circulars/notifications. The meeting was scheduled for 3:30 PM IST but commenced at 3:39 PM IST due to technical difficulties and concluded at 4:49 PM IST, including time allowed for e-voting.
Attendance
Directors and Key Managerial Personnel Present:
- Mr. Bharatkumar Ghodasara (Whole-Time Director)
- Mr. Kartik Patel (Non-Executive Independent Director, Chairperson)
- Mrs. Deepa Shah (Non-Executive Independent Director)
- Mr. Devang Gor (Non-Executive Director)
- Mrs. Shetal Gor (Non-Executive Director)
- Mrs. Tuhina Bera (Non-Executive Director)
- Mrs. Bhumika Teli (Company Secretary and Compliance Officer)
- Mr. Dixit Patel (Chief Financial Officer)
In Attendance:
- Mr. Alpesh Panchal (Representative of Statutory Auditors)
- Mr. Jignesh Kotadiya (Secretarial Auditor and Scrutinizer)
Members Present: 60 members attended the meeting virtually.
Meeting Proceedings
Mr. Kartik Patel, Independent Director and Chairperson, chaired the meeting. Mrs. Bhumika Teli confirmed quorum was present throughout the meeting. The Company utilized services of M/s. Alankit Assignments Limited for VC/OAVM facility and Central Depository Services (India) Limited (CDSL) for e-voting facility.
Voting Details
Remote e-voting commenced on Saturday, September 19, 2026 at 9:00 AM IST and ended on Monday, September 21, 2026 at 5:00 PM IST. Cut-off date for determining members was Tuesday, September 15, 2026. Mr. Jignesh Kotadiya, Practicing Company Secretary, was appointed as Scrutinizer for the e-voting process.
Resolutions Passed
All four resolutions were passed with requisite majority:
1. Ordinary Resolution: Adoption of Audited Financial Statements for FY 2025-26 and Reports of Board of Directors and Auditors
2. Ordinary Resolution: Re-appointment of Mr. Devang Maheshchandra Gor (DIN: 08437363) who retired by rotation
3. Special Resolution: Re-appointment of Mr. Bharatkumar Ghodasara (DIN: 00032054) as Whole-time Director, approval of remuneration, and continuation in office after attaining age of 70 years
4. Ordinary Resolution: Ratification of remuneration payable to cost auditors for FY 2026-2027
Additional Information
The Auditors' Report contained no qualifications, modified opinion, or adverse remarks. The Integrated Annual Report and Annual Accounts for FY 2025-26 are available on the company website at www.galaxybearings.com. E-voting results and consolidated Scrutinizer's Report will be informed to stock exchanges and placed on the company and exchange websites.