Latest news about Galaxy Bearings
Galaxy Bearings
472.50
-12.70(-2.62%)
Company Performance:
View Company Insights1D-2.62%
1M+0.75%
6M-37.55%
1Y-36.70%
5Y+150.46%
More news about Galaxy Bearings
11Feb 26
Galaxy Bearings Completes Q3FY26 Results Publication Under Regulation 47
Galaxy Bearings Limited completed regulatory compliance by submitting newspaper publication documentation to BSE for Q3FY26 financial results under SEBI Regulation 47. The company reported improved profitability with net profit rising 17.50% to ₹179.25 lakhs despite revenue declining to ₹1,469.82 lakhs, while continuing to face challenges from OFAC sanctions.
03Feb 26
Galaxy Bearings Announces Special Window for Physical Share Transfer and Dematerialisation
Galaxy Bearings Limited has announced SEBI's special one-year window from February 5, 2026 to February 4, 2027 for transfer and dematerialisation of physical shares with transfer deeds executed before April 1, 2019. The initiative covers fresh lodgements and previously rejected transfer requests, with securities to be credited only in dematerialised form subject to a one-year lock-in period. Investors must submit requests through M/s Alankit Assignments Limited with requisite documentation as per SEBI guidelines.
27Oct 25
Galaxy Bearings Reports Q2 Loss, Grapples with US Sanctions, and Appoints New Company Secretary
Galaxy Bearings Limited reported a net loss of ₹6.77 lakhs in Q2 2025, compared to a profit of ₹8.15 lakhs in Q2 2024. Revenue decreased by 10.56% to ₹1,510.21 lakhs. The company's performance was significantly impacted by US sanctions imposed in October 2024. Galaxy Bearings incurred ₹25.59 crores in legal expenses to address the sanctions. The company appointed Mrs. Bhumikaben Mukeshbhai Teli as the new Company Secretary and Compliance Officer. The 35th AGM is scheduled for November 25, 2025.
08Aug 25
Galaxy Bearings Reports Q1 FY2026 Results Amid Ongoing US Sanctions Challenge
Galaxy Bearings Limited released unaudited Q1 FY2026 results, showing resilience despite US Treasury sanctions imposed in October 2024. The company reported revenue of Rs. 1,688.54 lakhs, net profit of Rs. 259.21 lakhs, and EPS of Rs. 8.15. Galaxy Bearings faced challenges accessing USD and EURO markets and potential disruptions to international operations due to sanctions. The company has engaged US legal counsel to request removal from the Specially Designated Nationals list, asserting unawareness of its products being associated with sanctioned entities.
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1,008.65
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1,669.70
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472.50
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