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.

Galaxy Supermarket has scheduled its 44th Annual General Meeting for September 28, 2026, to approve related-party transactions and reappoint director Sunil Gopikishan Biyani. The meeting coincides with the release of its annual report for FY26, marking a significant financial turnaround for the company.

The company confirmed the event will take place at 4:30 pm via video conferencing or other audio-visual means, in compliance with Ministry of Corporate Affairs and SEBI circulars.

Financial Turnaround

Galaxy Supermarket reported a profit after tax of ₹151.88 crore for the financial year ended March 31, 2026, reversing a loss of ₹329.07 crore in FY25. This improvement was driven by a 177.8% surge in revenue from operations, which reached ₹4,231.43 crore compared to ₹1,523.16 crore in the previous year.

Profit before interest, depreciation, and tax (PBIT) stood at ₹386.80 crore, up from ₹368.17 crore in FY25. The turnaround is attributed to the expansion of its retail supermarket network from one pilot store to 15 stores in Haryana, alongside increased sales volumes and improved profitability of existing operations.

Related-Party Transactions

The special business item involves seeking shareholder consent for ongoing and new transactions with Aadhar Retailing Limited (ARL), an entity under common group control. The proposed aggregate value for FY27 and up to the next AGM is ₹4,525 lakh.

The transactions are structured as follows:

The company plans to sell consumer goods, including products under its “Karmik” brand, to ARL to leverage its distribution network. Conversely, it will purchase FMCG goods from ARL to benefit from economies of scale. These transactions constitute material related-party transactions under SEBI Listing Regulations.

Director Reappointment

Mr. Sunil Gopikishan Biyani retires by rotation and offers himself for reappointment. He has served on the board since May 27, 2011, and attended all four board meetings in FY26. His family trust holds an indirect interest in companies owning 28.53% of Galaxy Supermarket shares.

Harsh Joshi, Company Secretary and Compliance Officer, issued the intimation on behalf of the board. The company, formerly known as Galaxy Cloud Kitchens Limited, continues its operations under the new name.

What the Numbers Show

The shift from a ₹329.07 crore loss to a ₹151.88 crore profit highlights the operational impact of diversifying into supermarket retail. With revenue nearly tripling while PBIT grew modestly by 5%, the company is leveraging higher volume sales to achieve operational breakeven, though net worth remains eroded at negative ₹1,823.82 crore due to accumulated historical losses.