Galaxy Agrico Exports
42.06
+1.58(+3.90%)
Market Cap₹68.89 Cr
PE Ratio13.27
Company Performance:
1D+3.90%
1M-4.39%
6M+6.75%
1Y+6.75%
5Y+6.75%
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More news about Galaxy Agrico Exports
15Dec 25
Galaxy Agrico Exports Board Approves Hyderabad Property Purchase Post Slump Sale
Galaxy Agrico Exports has received Board authorization to purchase property in Hyderabad worth ₹90.47 crore using proceeds from its ₹9.25 crore slump sale to Forgex Rings Private Limited. The strategic move involves acquiring 3,030 square yards in Mallepally for business expansion, marking the company's transition from manufacturing agricultural equipment to new business ventures.
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03Dec 25
Galaxy Agrico Exports Enhances Transparency for Upcoming Rights Issue
Galaxy Agrico Exports Ltd. has approved measures to enhance transparency for its forthcoming Rights Issue. The company will appoint a SEBI-registered Credit Rating Agency as a Monitoring Agency to oversee the utilization of proceeds, despite the issue size being below ₹50 crores. The Board has authorized the CFO and Company Secretary to issue certificates confirming proper fund utilization. The entire net proceeds will be used solely for the stated purposes in the Objects of the Issue. These decisions reflect a proactive approach to corporate governance and investor protection.
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01Dec 25
Galaxy Agrico Exports Executes Business Transfer Agreement with Forgex Rings Private Limited
Galaxy Agrico Exports has signed a Business Transfer Agreement with Forgex Rings Private Limited on November 29, 2025, for the sale of its Agricultural Equipment and Bearings manufacturing and trading business as a going concern via slump sale. The transaction, approved by shareholders on September 29, 2025, involves the transfer of assets, liabilities, licenses, employees, and contracts. This move follows the company's earlier announcement of a board meeting to approve a draft Slump Sale Agreement.
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11Nov 25
Galaxy Agrico Exports Reports Quarterly Loss, Auditors Raise Asset Verification Concerns
Galaxy Agrico Exports Limited reported a net loss of ₹22.30 lakhs for Q2 FY2026, compared to a profit of ₹9.47 lakhs in Q2 FY2025. Revenue declined slightly to ₹98.11 lakhs. For H1 FY2026, losses deepened to ₹32.79 lakhs. Auditors H.B. Kalaria & Associates highlighted concerns about fixed asset and inventory management, stating they couldn't obtain sufficient evidence regarding the existence of these assets. The Board of Directors approved the results on November 11, 2025.
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05Aug 25
Galaxy Agrico Export Ltd to Consider Business Sale at Rescheduled Board Meeting
Galaxy Agrico Exports has rescheduled its board meeting to August 11, 2025. The board will consider selling its agricultural equipment and bearings manufacturing business to Forgex Rings Private Limited as a going concern on a slump sale basis. The meeting will also address the approval of the annual report for FY 2024-25, set the AGM date, appoint a secretarial auditor, and review Q1 FY2025-26 financial results.
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Galaxy Agrico Exports
42.06
+1.58
(+3.90%)
1 Year Returns:+6.75%
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