Disclosure Update
Galaxy Bearings Limited (Scrip Code: 526073) submitted an update to its previous disclosure dated May 02, 2026, made under Regulation 30 of SEBI (LODR) Regulations, 2015, regarding the proposed purchase of agricultural land.
Payment Details
On Thursday, 11th June 2026, the company made a further advance payment of ₹25,00,000 (Rupees Twenty-Five Lakh Only) to the proposed seller, Mr. Samjibhai Pragajibhai Dhameliya. The payment was made through banking channels and will form part of the consideration for the proposed acquisition.
Transaction Summary
The proposed acquisition involves agricultural land situated at Old R.S. No. 254, New R.S. No. 422/3, admeasuring approximately 7,588 sq. meters, located at Village Shapar, Taluka Kotda Sangani, District Rajkot, Gujarat.
Cumulative Advance Payment
With this additional payment, the aggregate advance paid by the company now stands at ₹3,76,00,000 (Rupees Three Crore Seventy-Six Lakh Only), revised from the previously disclosed amount of ₹3,51,00,000 (Rupees Three Crore Fifty-One Lakh Only).
Transaction Status
The proposed transaction remains under evaluation and is subject to due diligence, finalization of commercial terms, execution of definitive documents, and applicable statutory approvals. No sale deed or transfer of ownership has been executed as of the disclosure date.