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.

Galaxy Supermarket Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a significant turnaround, posting a net profit of Rs. 151.88 lakh for the financial year ended March 31, 2026, compared to a net loss of Rs. 329.08 lakh in the previous year.

Financial Performance

The company's revenue from operations for the financial year 2025-26 surged to Rs. 4231.43 lakh, up from Rs. 1523.16 lakh in the previous year. For the quarter ended March 31, 2026, the revenue from operations stood at Rs. 1185.47 lakh. The total income from operations for the year was Rs. 4239.94 lakh.

Operational Highlights

The Board of Directors approved the audited financial results at its meeting held on May 22, 2026. The statutory auditors issued an unmodified opinion on the financial results. The company noted that its entire net worth has been eroded due to losses in previous years, and current liabilities exceed current assets, indicating material uncertainty about its ability to continue as a going concern. However, management expressed confidence that initiatives taken to boost sales and reduce costs will yield sustainable cash flows.

Corporate Governance

Pursuant to the demise of Mr. Vijai Singh Dugar, Independent Director, and the resignation of Mr. Sunil Samal, Non-Executive Director, the Board has reconstituted the Nomination & Remuneration Committee and Stakeholders Relationship Committee with immediate effect. The trading window, which was closed from April 1, 2026, will reopen 48 hours after the announcement of the financial results.