Galaxy Agrico Exports Limited has confirmed to the Bombay Stock Exchange that it was not required to disclose related party transactions for the half-year and quarter ended September 30, 2020. The company stated that Regulation 23(9) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, does not apply to its filings for this specific period.

The disclosure was submitted on July 31, 2026, as part of the company’s compliance reporting framework. By declaring the non-applicability of the regulation, Galaxy Agrico Exports indicates that no reportable related party transactions occurred during the referenced financial periods that would trigger mandatory disclosure under the specified SEBI norms.

Regulatory Compliance Details

The submission aligns with the continuous disclosure requirements mandated by the Securities and Exchange Board of India (SEBI). Regulation 23(9) requires listed entities to disclose details of related party transactions in their quarterly and half-yearly financial results if such transactions exceed certain thresholds or are of a significant nature.

Corporate Governance Context

This filing serves as a formal record for investors and regulators regarding the absence of material related party dealings during the specified timeframe. The confirmation helps maintain transparency in corporate governance by explicitly stating when regulatory disclosures are not triggered, rather than omitting them silently.

The notice was signed by Prashant Sudhir Khairnar, Director of Galaxy Agrico Exports Limited, carrying DIN 11434708. The digital signature timestamp indicates the document was executed on August 1, 2026, though the official date of the communication to the exchange is recorded as July 31, 2026.

What the Numbers Show

While this filing contains no financial metrics, the explicit statement of non-applicability under Regulation 23(9) suggests that any related party interactions during the half-year ended September 30, 2020, were either non-existent or fell below the materiality thresholds defined by SEBI listing regulations. This distinction is critical for analysts assessing the independence of the company’s operations from its promoters or affiliated entities during that period.

Malaben Rajnikant Sadaria, a promoter group member of Galaxy Agrico Exports Limited , disclosed the disposal of 1,08,000 equity shares on March 25, 2026. The transaction, representing 0.62% of the company's total share capital, was reported to the Bombay Stock Exchange under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Disclosure Details

The disclosure confirms that the acquirer belongs to the promoter group of Galaxy Agrico Exports Limited. Prior to the disposal, the holding stood at 1,08,000 shares, which accounted for 0.62% of the total paid-up share capital. The entire holding was disposed of during the transaction.

Transaction Breakdown

The following table outlines the shareholding changes before and after the disposal:

The intimation was submitted to the stock exchange on March 26, 2026, by Malaben Rajnikant Sadaria, the authorised signatory. The shares of Galaxy Agrico Exports Limited are listed on the Bombay Stock Exchange.