Galaxy Supermarket Limited adopted its audited financial statements for FY26 during its 44th Annual General Meeting held on September 28, 2026. The meeting also saw the re-appointment of Sunil Biyani as a director and the approval of related party transactions with Aadhar Retailing Limited.

The statutory auditors' report for the financial year ended March 31, 2026, was unqualified but included a statement on Material Uncertainty Related to Going Concern. It also contained Emphasis of Matter paragraphs, which were read out alongside management's explanation. The secretarial audit report remained unqualified.

Key resolutions passed

Shareholders approved three ordinary resolutions during the virtual meeting:

Meeting proceedings

The AGM was conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) starting at 4:30 pm. Sunil Biyani, Non-Executive Director, chaired the meeting. A total of 46 members attended, satisfying the requisite quorum. Yogesh Kansal & Company served as Statutory Auditors, while Nidhi Bajaj & Associates acted as Secretarial Auditor.

Remote e-voting was available from September 24 to September 27, 2026. Amit Samani of M/s. Amit Samani & Co. was appointed as Scrutinizer to oversee the voting process. The meeting concluded at 5:35 pm after allowing 15 minutes for on-meeting e-voting.

Galaxy Supermarket Limited reported that the National Company Law Tribunal (NCLT) dismissed proceedings initiated by NuFuture Digital (India) Limited’s resolution professional on September 4, 2026.

The tribunal disposed of an interlocutory application filed by NuFuture seeking the reversal of alleged preferential repayments made to Galaxy Supermarket. The company confirmed the dismissal in a disclosure submitted to BSE Limited on September 5, 2026.

Litigation Details

NuFuture had approached the NCLT, Mumbai, alleging that Galaxy Supermarket received preferential treatment regarding certain repayments. The matter involved multiple hearings and pleadings following the initial institution of proceedings in November 2025.

Regulatory Disclosure

Galaxy Supermarket made the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced the SEBI Master Circular dated January 30, 2026, regarding litigation status updates.

The company stated it will seek appropriate legal advice and take necessary steps if any appeals or further proceedings arise. No settlement terms or compensation payments were involved in this specific dismissal.

What the Numbers Show

The dismissal removes a potential financial liability related to the alleged preferential repayment. As no monetary value was attached to the claim in the source data, the direct financial impact remains unquantified, but the legal risk associated with this specific interlocutory application is now resolved.