Galaxy supermarket Limited has announced the sudden demise of Mr. Vijai Singh Dugar, Independent Director of the company, who passed away on March 14, 2026. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director's Tenure and Contributions

Mr. Vijai Singh Dugar had been associated with Galaxy Supermarket Limited as a Non-Executive Independent Director since November 14, 2023, which marked his first term on the Board. The company highlighted that his experience and expertise in Financial Accounting, Internal Audit, and Strategic business planning had been invaluable to the organization.

Board Committee Responsibilities

Mr. Dugar held significant responsibilities across multiple board committees at the time of his demise:

Regulatory Compliance Details

The cessation of Mr. Dugar's directorship became effective from March 14, 2026, the date of his demise. Galaxy Supermarket Limited has provided the requisite details regarding the cessation under Regulation 30 read with Para A (7) of Part A of Schedule III of the Listing Regulations and SEBI Master Circular dated January 30, 2026.

Company's Tribute

The Board of Directors and senior management of Galaxy Supermarket Limited have conveyed their deepest sympathy and heartfelt condolences to Mr. Dugar's bereaved family. The company stated that Mr. Vijai will always be remembered with great respect and admiration for his contributions during his tenure.

The disclosure was signed by Harsh Joshi, Company Secretary & Compliance Officer, on March 15, 2026, fulfilling the company's regulatory obligations under SEBI guidelines.

Galaxy Cloud Kitchens Limited (formerly known as Galaxy Cloud Kitchens Limited) announced its unaudited financial results for the quarter ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 5, 2026, marking another quarter in the company's ongoing transformation from cloud kitchen operations to supermarket retail.

Financial Performance Overview

The company's financial performance for Q3FY26 showed mixed results with significant revenue growth offset by operational challenges. Despite reporting a net loss, the company demonstrated substantial improvement in its revenue generation capabilities compared to the previous year.

Revenue Growth and Operational Metrics

The company achieved remarkable revenue growth with operations generating ₹923.08 lakhs in Q3FY26, representing a 238.7% increase from ₹272.55 lakhs in the corresponding quarter of FY25. Other income contributed ₹3.85 lakhs, bringing total income to ₹926.93 lakhs for the quarter.

For the nine-month period ending December 31, 2025, revenue from operations reached ₹3,045.96 lakhs compared to ₹985.59 lakhs in the corresponding period of the previous year, indicating sustained growth momentum throughout the financial year.

Cost Structure and Expenses

The company's expense structure reflected the scaled operations, with total expenses increasing to ₹987.33 lakhs in Q3FY26 from ₹417.74 lakhs in Q3FY25. Key expense components included:

• Cost of materials consumed: ₹809.13 lakhs (Q3FY26) vs ₹247.54 lakhs (Q3FY25)
• Employee benefits expense: ₹49.02 lakhs vs ₹37.49 lakhs
• Finance costs: ₹42.89 lakhs vs ₹40.43 lakhs
• Other expenses: ₹55.51 lakhs vs ₹71.12 lakhs

Business Transformation and Going Concern

Galaxy Supermarket Limited operates in the "Dealing and Trading in Food, Beverages & Grocery products" segment as its primary business activity. The company has undergone significant transformation, having shut down its commissary units in Bangalore, Mumbai, and Gurugram between 2022 and 2024.

The financial results note a material uncertainty regarding the company's ability to continue as a going concern, as the entire net worth has been eroded due to accumulated losses. Current liabilities exceed current assets, creating liquidity challenges. However, management has expressed confidence in turning the business around through operational efficiency improvements and diversification into supermarket store operations.

Discontinued Operations Impact

Losses from discontinued operations amounted to ₹0.81 lakhs in Q3FY26, significantly lower than the ₹66.23 lakhs loss reported in Q3FY25. For the nine-month period, discontinued operations resulted in losses of ₹66.88 lakhs compared to ₹274.31 lakhs in the previous year, indicating successful wind-down of legacy operations.

Earnings Per Share and Capital Structure

The company reported basic and diluted earnings per share of ₹0.12 for continuing and discontinued operations combined in Q3FY26, compared to ₹0.52 loss per share in Q3FY25. The paid-up equity share capital stood at ₹4,977.77 lakhs as of December 31, 2025, with other equity showing a negative balance of ₹6,970.75 lakhs, reflecting the accumulated losses over previous years.