Galaxy Bearings Approves ₹2.75 Crore Land Sale; Shares Rise 2.2%

Mumbai September 15: Galaxy Bearings Limited has approved the sale of industrial land parcels located in Sanand, Gujarat, in two tranches for an aggregate consideration of ₹2.75 crore, according to an exchange disclosure dated September 15, 2026. The company’s Board of Directors considered and approved the final sale and commercial terms at its meeting held on September 15, 2026. The transaction relates to industrial land situated at GIDC Sanand, Ahmedabad, Gujarat.

Under the first tranche, the company will sell 6,100 square metres of land to BEK Infra Leasing LLP for ₹1.25 crore. The second tranche involves the sale of 5,700 square metres to Treefack Works LLP for ₹1.50 crore.

Stock Market Snapshot

The Galaxy Bearings share price was trading around ₹930 in the latest portion of the supplied market snapshot, compared with a reference level of approximately ₹910. This indicates a gain of about 2.2%.

The stock opened around ₹920 and moved higher during the morning session, reaching levels close to ₹955. It then gradually eased and remained around ₹950 before a sharp fall around 1:00 PM pushed the stock to approximately ₹870.

The shares later recovered strongly, returning above ₹920 and moving towards ₹945 before moderating. The latest portion of the chart showed the stock around ₹930.

The market movement is based on the supplied trading snapshot and has not been directly attributed to the land-sale disclosure.

Two Land Parcels To Be Sold In Separate Tranches

As per the regulatory filing, the first transaction covers 6,100 square metres of industrial land and carries a consideration of ₹1.25 crore. The expected date of completion for this tranche is September 17, 2026.

The second transaction covers 5,700 square metres and has a consideration of ₹1.50 crore. Its expected completion date is September 24, 2026.

The filing states that the land parcels are not being contributed to an industrial or commercial undertaking as part of the transaction. The sale has been structured as a transfer of the specified land parcels to the respective buyers.

Buyers Are Not Part Of Galaxy Bearings’ Promoter Group

The company has disclosed that BEK Infra Leasing LLP and Treefack Works LLP do not belong to the promoter or promoter group of Galaxy Bearings.

The filing also states that the transactions do not fall within the related-party transaction provisions referred to in the disclosure requirements. There is also no promoter or promoter-group interest in the entities acquiring the land parcels, according to the company.

The remaining balance of the land parcel is expected to be executed through subsequent tranches, with further updates to be provided upon finalisation of the transaction terms.

Galaxy Bearings Manufactures Bearing Products

Galaxy Bearings is engaged in the bearings business and operates from Gujarat. The company manufactures bearing products used across industrial and automotive applications.

The latest disclosure follows an earlier corporate communication dated May 2, 2026, concerning the company’s plans relating to the sale of industrial land at Sanand. The September 15 filing provides details of the final commercial terms approved by the board for the first two tranches.

The aggregate consideration from these two transactions is ₹2.75 crore.

Conclusion

Galaxy Bearings has approved the sale of two industrial land parcels at Sanand, Gujarat, covering a combined area of 11,800 square metres for a total consideration of ₹2.75 crore.

The first tranche involves 6,100 square metres for ₹1.25 crore, while the second covers 5,700 square metres for ₹1.50 crore. The transactions are expected to be completed by September 17, 2026, and September 24, 2026, respectively.

On the equity market, the Galaxy Bearings share price was around ₹930 in the supplied snapshot, approximately 2.2% above the indicated reference level of ₹910. The stock had experienced a sharp mid-session decline before recovering in the later trading hours.

Source: 

• https://www.bseindia.com/stock-share-price/galaxy-bearings-ltd/galxbrg/526073