Key Quantitative Figures
- Total land area: 20,234 sq. meters at Gat No. 1091, Village: Sanaswadi, Taluka: Shirur, District: Pune, Maharashtra
- Tranche 1: 6,100 sq. meters (0 H 61 Are) sold for ₹125 lakhs (One Crore Twenty Five Lakhs Only)
- Tranche 2: 5,700 sq. meters (0 H 57 Are) sold for ₹150 lakhs (One Crore Fifty Lakhs Only)
- Total consideration for approved tranches: ₹275 lakhs
- Remaining balance area: 8,434 sq. meters (to be executed in subsequent tranches)
Dates of Action
- Board meeting date: September 15, 2026 (commenced at 12:30 PM, concluded at 01:30 PM)
- Tranche 1 Sale Deed execution: September 17, 2026
- Tranche 2 Sale Deed execution: September 24, 2026
- Previous disclosure date: May 02, 2026 (preliminary, non-binding discussions)
Parties Involved
- Seller: Galaxy Bearings Limited (Scrip Code: 526073; Scrip ID: GALXBRG)
- Tranche 1 Buyer: BRK INFRA LEASING LLP (LLPIN: ACX-7053), Registered Address: Office No 308, Bramhacorp Business Park, Viman Nagar, Pune - 411014
- Tranche 2 Buyer: TREEFAC WORKS LLP, Address: 838/1, Tal. Shirur, Dist: Pune - 412208
Financial and Operational Impact
- The industrial land is unutilized and does not contribute to operational revenue or turnover
- Transactions do not qualify as Related Party Transactions under Section 188 of Companies Act, 2013 or Regulation 23 of SEBI LODR
- Buyers do not belong to Promoter/Promoter Group
- The sale is not part of any Scheme of Arrangement
Capital Structure Impact
No impact on share capital or capital structure disclosed.
Forward-looking Information
Remaining balance area of 8,434 sq. meters will be executed in subsequent tranches, with updates to be filed upon finalization of terms.