Galaxy Bearings disclosed ₹3.51 crore in advance payments for proposed agricultural land purchase in Rajkot, Gujarat.
The transaction, authorized by the board in December 2025, is preliminary and subject to due diligence and final agreements.
Disclosure was delayed due to an internal communication lapse, prompting strengthened internal controls for future reporting.
Total indicative consideration for the land is ₹6 crore, intended for the company's business and operational requirements.