12-Jun-2026 19:06:11
GALAXY BEARINGS : ADVANCE PAYMENT FOR RAJKOT LAND ACQUISITION 🏭📍
• 🌾 Galaxy Bearings has made a further advance payment of ₹25 lakh towards the proposed purchase of agricultural land at Shapar, Rajkot, Gujarat • 💰 Total advance paid for the transaction has increased from ₹3.51 crore to ₹3.76 crore • 📏 The proposed land parcel measures approximately 7,588 sq. metres • 🤝 Payment has been made to the proposed seller through banking channels and will form part of the acquisition consideration • ⚖️ The transaction remains subject to due diligence, finalisation of terms, execution of definitive agreements and statutory approvals • 📝 No sale deed or transfer of ownership has been executed as of now 🟡 Impact: Neutral to Positive (Reflects progress towards land acquisition and potential future expansion, but the transaction is yet to be completed.)
GALAXY BEARINGS LTD.