AGM Details

The 36th Annual General Meeting of Galaxy Bearings Limited is scheduled to be held on Tuesday, September 22, 2026 at 03:30 P.M. (IST) through Video Conferencing / Other Audio-Visual Means. The registered office at A-53/54, Pariseema Complex, 5th Floor, C.G. Road, Ellisbridge, Ahmedabad - 380006, Gujarat shall be deemed to be the venue.

Voting Information

Remote e-voting facility will commence on Saturday, September 19, 2026 at 09:00 A.M. (IST) and end on Monday, September 21, 2026 at 05:00 P.M. (IST). The cut-off date for determining eligibility of Members to vote electronically is Tuesday, September 15, 2026. The Register of Members and Share Transfer Books will remain closed from Wednesday, September 16, 2026 to Tuesday, September 22, 2026 (both days inclusive).

Business Items

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026 and Reports of Board of Directors and Auditors

2. To appoint Mr. Devang Maheshchandra Gor (DIN: 08437363), Non-Executive Director, who retires by rotation and offers himself for re-appointment

Special Business:

3. Re-appointment of Mr. Bharatkumar Ghodasara (DIN: 00032054) as Whole-time Director for five years from September 1, 2026 to August 31, 2031, with approval of remuneration and continuation after attaining age of 70 years

4. Ratification of remuneration payable to cost auditors for FY2026-2027

Director Details

Mr. Devang Maheshchandra Gor (DIN: 08437363)

  • Date of first appointment: August 10, 2019
  • Qualifications: Masters in Business Administration, M.D.
  • Experience: Rich experience in business management, administration and strategic planning
  • Shareholding: 1,00,602 Equity Shares (3.16% direct), 2,70,000 Equity Shares (indirect)
  • Board meetings attended: 1 out of 7 during the year
  • Remuneration: Nil (non-executive)

Mr. Bharatkumar Ghodasara (DIN: 00032054)

  • Date of birth: February 1, 1959 (age 67)
  • Date of first appointment: March 28, 1994
  • Qualifications: Bachelor of Commerce & Bachelor of Laws
  • Experience: Extensive experience in bearing industry, associated with company since inception
  • Current remuneration: ₹1,15,000 per month (as of March 2026)
  • Proposed remuneration: ₹2,00,000 per month salary plus perquisites/allowances not exceeding ₹5,00,000 per annum
  • Shareholding: 15,600 Equity Shares (0.49%)
  • Category: Executive Director (Whole-time Director), Promoter Group
  • Board meetings attended: 7 out of 7 during the year

Remuneration Details for Whole-time Director

  • Salary: ₹2,00,000 per month with annual increments as approved by Board/NRC
  • Perquisites/Allowances/Benefits: Not exceeding ₹5,00,000 per annum
  • Exclusions: Company's contribution to Provident Fund, Gratuity, and encashment of leave
  • Company car for official use
  • Reimbursement of actual entertainment, traveling, hotel and other incidental business expenses
  • In event of absence/inadequacy of profits, remuneration governed by Schedule V of Companies Act, 2013

Cost Auditor Remuneration

  • M/s. Mitesh Suvagiya & Co., Cost Accountants appointed as Cost Auditors for FY2026-27
  • Remuneration: ₹40,000 plus applicable taxes and reimbursement of out-of-pocket expenses
  • Requires ratification by members

Service Providers

  • Scrutinizer: Mr. Jignesh Kotadiya of M/s. Jignesh Kotadiya & Co. (Practicing Company Secretary)
  • Registrar & Transfer Agent: M/s. Alankit Assignments Limited
  • E-voting Agency: CDSL
  • VC/OAVM Service Provider: M/s. Alankit Assignments Limited

Additional Information

  • Members holding physical shares encouraged to convert to dematerialized form
  • Special re-lodgement window for physical share transfer requests until February 4, 2027
  • Members requested to update email addresses, bank account details, and PAN information
  • All documents available on company website www.galaxybearings.com