Galaxy Bearings Limited has executed and registered the definitive Sale Deed for Tranche 1 of its industrial land disposal on September 17, 2026. This disclosure is made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.
The transaction details are as follows:
Property Details:
- Location: Gat No. 1091, Village: Sanaswadi, Taluka: Shirur, District: Pune, Maharashtra
- Area Sold: 6,100 Square Meters (0 Hectare 61 Are)
Transaction Parties:
- Seller: Galaxy Bearings Limited
- Buyer: BRK Infra Leasing LLP (LLPIN: ACX-7053)
- Buyer's Registered Address: Office No 308, Bramhacorp Business Park, Viman Nagar, Pune - 411014
Financial Terms:
- Consideration: ₹125 Lakhs (One Crore Twenty-Five Lakhs Only)
- Financial Closure: Completed on September 17, 2026
Regulatory and Operational Status:
- The transaction does not qualify as a Related Party Transaction under Section 188 of the Companies Act, 2013 or Regulation 23 of SEBI LODR
- The buyer does not belong to the Promoter/Promoter Group of the company
- The land parcel was unutilized and did not contribute to operational revenue or net worth
- The sale is not part of any Scheme of Arrangement
Timeline:
- Initial Disclosure: May 02, 2026
- Board Outcome Filing: September 15, 2026
- Sale Deed Execution and Registration: September 17, 2026
- Transaction Completion: September 17, 2026
The transaction for Tranche 1 is now fully concluded with the registration of the sale deed. The disclosure was signed by Bhumika Mukeshkumar Teli, Company Secretary and Compliance Officer, from Ahmedabad.