Galaxy Bearings News

Galaxy Bearings Q3FY26 Results: Profit Rises to ₹179.25 Lakhs

Galaxy Bearings Limited reported net profit of ₹179.25 lakhs for Q3FY26, up from ₹152.52 lakhs in Q3FY25. Revenue declined to ₹1,469.82 lakhs from ₹1,557.71 lakhs year-on-year.

Galaxy Bearings Opens Special Transfer Window for Shares

Galaxy Bearings announces SEBI's special one-year window from February 5, 2026 to February 4, 2027 for transfer and dematerialisation of physical shares with transfer deeds executed before April 1, 2019.

Galaxy Bearings Reports Loss, Faces US Sanctions Impact and Appoints New Company Secretary

Galaxy Bearings Limited reported a net loss of Rs 6.77 lakhs for the quarter ended September 30, 2025, compared to a profit of Rs 8.15 lakhs in the same period last year. Revenue from operations declined to Rs 1,510.21 lakhs from Rs 1,688.54 lakhs year-over-year. The company was placed on the US Treasury's sanctions list in October 2024 for allegedly providing dual-use equipment to Russia, preventing access to USD and EURO through official markets. Galaxy Bearings incurred Rs 25.59 crores in professional fees during the review period for legal counsel to seek removal from the Specially Designated Nationals list. The board approved unaudited financial results for the quarter and half-year ended September 30, 2025, scheduled the 35th Annual General Meeting for November 25, 2025, and appointed Mrs. Bhumikaben Mukeshbhai Teli as Company Secretary and Compliance Officer effective October 27, 2025.

Galaxy Bearings Company Secretary Ms. Mona Sharma Resigns to Pursue External Career Opportunities

Ms. Mona Sharma has resigned from her position as Company Secretary & Compliance Officer at Galaxy Bearings Limited, effective September 06, 2025. She submitted her resignation letter on September 04, 2025, citing her decision to pursue career opportunities outside the company. The resignation will be presented to the Board of Directors at their upcoming meeting for formal acceptance. The Board expressed appreciation for her valuable services during her tenure with the company.