Galaxy Bearings Limited has successfully completed the regulatory compliance process for its Q3FY26 financial results by submitting newspaper publication documentation to BSE Limited on February 11, 2026. The submission follows the company's board approval of unaudited standalone financial results for the quarter ended December 31, 2025.

Regulatory Compliance Submission

The company submitted copies of newspaper advertisements published in Western Times (English and Gujarati editions) to BSE Limited pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Bhumika Teli signed the regulatory filing, confirming the publication compliance.

Financial Performance Overview

The company demonstrated mixed financial performance during Q3FY26, with profitability improving despite a decline in revenue. Net profit increased to ₹179.25 lakhs compared to ₹152.52 lakhs in the corresponding quarter of the previous year, marking a growth of 17.50%. However, revenue from operations decreased to ₹1,469.82 lakhs from ₹1,557.71 lakhs year-on-year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Galaxy Bearings reported revenue from operations of ₹4,668.57 lakhs compared to ₹7,426.71 lakhs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹223.26 lakhs, significantly lower than ₹957.44 lakhs in the previous year.

OFAC Sanctions Impact

The company continues to face significant challenges due to sanctions imposed by the Office of Foreign Assets Control (OFAC) on October 30, 2024. Galaxy Bearings was placed on the Specially Designated Nationals and Blocked Persons (SDN) List for allegedly exporting high priority dual-use equipment to Russia. As a result, the company has been unable to access USD and EURO through official markets during the period from April 1, 2025, to December 31, 2025.

Legal and Professional Expenses

The company has engaged a USA-based law firm to seek removal from the SDN list and has incurred significant legal expenses of ₹5.59 crores during the nine-month review period. This substantial non-recurring expenditure has had a considerable adverse impact on the company's profitability for the period. The company has submitted an application to OFAC requesting expedited removal from the sanctions list through its US-based legal counsel.

Corporate Information

The financial results are available on the company's website at www.galaxybearings.com/investor . The Board Meeting was held on February 10, 2026, with results submitted to BSE Limited in compliance with regulatory requirements.

Galaxy Bearings Limited has announced the implementation of a special window for transfer and dematerialisation of physical shares, following a recent SEBI circular. The initiative aims to facilitate investors who have been unable to complete share transfer processes due to regulatory changes implemented in 2019.

SEBI Circular Details

The Securities and Exchange Board of India (SEBI) issued Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026, titled "Ease of Doing Investment – Special Window for Transfer and Dematerialisation of Physical Securities". This circular establishes a comprehensive framework to address pending transfer requests that have remained unprocessed since the regulatory changes.

Eligible Cases and Process

The special window covers multiple categories of transfer requests that have remained pending. Investors with transfer deeds executed before April 1, 2019 can now submit their applications through the designated registrar.

Eligible cases include:

• Fresh lodgement cases
• Transfer requests previously rejected due to deficiencies
• Transfer requests returned without processing
• Transfer requests not attended due to documentation issues

Investors must lodge or re-lodge their requests with the company's Registrar to an Issue and Share Transfer Agent, M/s Alankit Assignments Limited, along with requisite documents as prescribed under the SEBI circular.

Transfer Conditions and Lock-in Period

The transferred securities will be subject to specific conditions designed to ensure compliance with current regulatory requirements. All securities processed through this special window will be credited exclusively in dematerialised form, aligning with SEBI's push towards digital securities management.

The one-year lock-in period from the date of registration of transfer ensures compliance with SEBI guidelines and provides a structured approach to the transfer process.

Additional Requirements

Galaxy Bearings has requested all shareholders to update their email addresses with the company, Registrar and Transfer Agent, or Depository Participants. This requirement supports improved communication and compliance with current regulatory standards for investor correspondence.

The complete SEBI circular is accessible through the official SEBI website, and relevant information is also available on Galaxy Bearings' corporate website at www.galaxybearings.com . The company has formally communicated this information to BSE Limited for regulatory compliance and investor awareness.