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.

Galaxy Bearings Limited , a manufacturer of bearings, has reported its financial results for the quarter ended September 30, 2025, revealing significant challenges amid ongoing US sanctions. The company also announced key corporate actions, including the appointment of a new Company Secretary.

Financial Performance

Galaxy Bearings faced a challenging quarter, reporting a net loss and decreased revenue:

The company's performance was significantly impacted by its inclusion on the US Treasury's sanctions list in October 2024, which alleged the provision of dual-use equipment to Russia.

Sanctions Impact and Legal Expenses

The sanctions have severely restricted Galaxy Bearings' access to USD and EURO through official markets, complicating its international operations. In response, the company has incurred substantial legal expenses:

• Professional fees for legal counsel: ₹25.59 crores
• Purpose: Seeking removal from the Specially Designated Nationals list

These expenses highlight the company's efforts to address the sanctions and potentially regain access to key international markets.

Corporate Actions

Despite the challenges, Galaxy Bearings has taken several important corporate actions:

1. Financial Results Approval: The board approved the unaudited financial results for Q2 and H1 2025 on October 27, 2025.

2. Annual General Meeting: The 35th AGM is scheduled for November 25, 2025, to be held via video conferencing.

3. New Appointment: Mrs. Bhumikaben Mukeshbhai Teli has been appointed as Company Secretary and Compliance Officer, effective October 27, 2025.

New Company Secretary Profile

Mrs. Bhumikaben Mukeshbhai Teli brings a strong academic and professional background to her new role:

• Qualifications: Associate Member of the Institute of Company Secretaries of India
• Education: Bachelor's and Master's degrees in Commerce, Law Graduate
• Expertise: Corporate governance, regulatory compliance, and legal frameworks
• Skills: Strategic thinking, attention to detail, and proactive approach to aligning corporate secretarial functions with organizational goals

Her appointment comes at a crucial time as the company navigates complex regulatory challenges.

Looking Ahead

Galaxy Bearings faces a challenging period ahead as it deals with the impact of US sanctions and works to improve its financial performance. The company's efforts to seek removal from the sanctions list and its corporate governance actions, including the appointment of a new Company Secretary, indicate its commitment to addressing these challenges and maintaining compliance with regulatory requirements.

Investors and stakeholders will be closely watching the company's progress in resolving the sanctions issue and its ability to return to profitability in the coming quarters.