Galaxy Bearing Limited has executed the definitive Sale Deed for Tranche 2 of its industrial land sale transaction. The sale was completed on October 30, 2026 (yesterday relative to the disclosure date).
Transaction Details
- Property: Industrial land situated at Gat No. 1091, Village: Sanaswadi, Taluka: Shirur, District: Pune, Maharashtra
- Buyer: TREEFAC WORKS LLP (Address: 838/1, Tal. Shirur, Dist: Pune - 412208)
- Area Sold: 5,700 Sq. Meters (0 H 57 Are)
- Consideration: ₹150 Lakhs (One Crore Fifty Lakhs Only)
- Transaction Status: Definitive Sale Deed successfully executed by both parties
Regulatory and Compliance Aspects
- This disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The transaction does NOT constitute a Related Party Transaction under Section 188 of Companies Act, 2013 or Regulation 23 of SEBI LODR
- The buyer does not belong to the Promoter/Promoter Group
- The land is unutilized industrial land and does not contribute to operational revenue
Historical Context
This transaction is in continuation to earlier corporate announcements dated May 02, 2026, September 15, 2026, September 17, 2026, and September 25, 2026. The execution was temporarily deferred due to unforeseen administrative and procedural pending requirements as disclosed on September 25, 2026.
Board Approval and Timeline
- Board approval of final commercial terms was obtained on September 15, 2026
- The transaction structure was previously approved by the Board of Directors and detailed in Annexure-A of the September 15, 2026 disclosure
- The sale completion date is October 30, 2026
Financial Impact
The consideration of ₹150 Lakhs represents the total transaction value. The asset being disposed is an unutilized industrial land block that does not contribute to operational revenue.