Galaxy bearings Limited has formally declared to BSE Limited that it does not qualify as a "Large Corporate" under the SEBI regulatory framework for the financial year ended March 31, 2026. The declaration was submitted on April 14, 2026, in compliance with SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.

Regulatory Compliance Declaration

The company confirmed that as of March 31, 2026, it does not meet the criteria for classification as a Large Corporate under the SEBI framework. Consequently, the disclosure requirements and compliances applicable to Large Corporates under the aforementioned circular are not applicable to Galaxy Bearings Limited for FY26.

Despite not qualifying as a Large Corporate, the company has submitted the required Initial Disclosure in the prescribed format to maintain regulatory compliance and transparency with the stock exchange.

Financial Position Summary

As part of the mandatory disclosure, Galaxy Bearings Limited provided key financial details in the prescribed format:

Corporate Authorization

The declaration was digitally signed and submitted by key company officials including Bhumika Teli, Company Secretary & Compliance Officer, and Dixit Patel, Chief Financial Officer. Both officials can be reached at the company's main telephone number +91-079-29606020 for investor-related queries.

Regulatory Framework Context

The SEBI Large Corporate framework requires entities meeting specific criteria to comply with enhanced disclosure requirements and borrowing regulations. Companies that do not qualify as Large Corporates are exempt from these additional compliance obligations, though they must still submit the initial disclosure format to confirm their status.

Galaxy Bearings Limited's proactive submission of this declaration demonstrates its commitment to regulatory compliance and transparent communication with stakeholders and the stock exchange.

Galaxy Bearings Limited has filed its monthly compliance report with BSE Limited for March 2026, detailing the status of physical securities transfer and dematerialisation requests under SEBI's regulatory framework. The report was submitted on April 6, 2026, by Company Secretary and Compliance Officer Bhumika Teli.

Regulatory Compliance Framework

The monthly report submission is mandated under SEBI Circular HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated 30 January 2026, which pertains to the "Ease of Doing Investment – Special Window for Transfer and Dematerialisation of Physical Securities." This regulatory initiative aims to streamline the process of converting physical securities into electronic format and facilitating transfers.

March 2026 Transfer Activity Summary

The report from Alankit Assignments Limited, serving as the Registrar and Transfer Agent (RTA), provides detailed statistics for March 2026 transfer activities:

Processing Outcomes and Timeline

All 5 transfer requests received during March 2026 were rejected, with no approvals recorded for the month. The average processing time for handling these requests was 12 days. No requests were processed during the broader year period, indicating that the March activity represents the primary transfer-related activity for the reporting period.

Administrative Details

The compliance report was digitally signed by Bhumika Teli, who serves as the Company Secretary and Compliance Officer for Galaxy Bearings Limited. The submission includes the prescribed format data received from Alankit Assignments Limited, which holds multiple SEBI registrations including depository participant licenses with both NSDL and CDSL.

Alankit Assignments Limited, with CIN U74210DL1991PLC042569, operates from its registered office in New Delhi and maintains comprehensive registration numbers across various SEBI categories, ensuring full regulatory compliance for transfer agent services.