Execution of the Business Transfer Agreement

Core Business DivestedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-9.4%Reaction day

₹53.80

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Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-8.8% vs market

Industrial Products peers, median of 112sector-0.2%-9.2% vs sector

On the reaction day the stock moved 8.8 pts less than Nifty Microcap 250 and 9.2 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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UpDownMarket · Nifty Microcap 250Sector · Industrial Products peers, median of 112Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Galaxy Agrico Exports has executed a Business Transfer Agreement on 29 November 2025 with Forgex Rings Private Limited, a non-related party, to sell its entire business undertaking on a slump sale basis. The sale covers the company's manufacturing and trading operations of Agricultural Equipments and Bearings (Forged Rings), along with all related assets, liabilities, licenses, employees, and contracts, transferred as a going concern. Members had already approved the deal via a Special Resolution passed at the AGM held on 29 September 2025. The company is headquartered in Rajkot, Gujarat.

Likely market impact

This is a full-scale divestment of the company's core operating business, meaning Galaxy Agrico Exports will have little to no continuing operations post-sale — investors should watch for further clarity on how the slump sale proceeds will be deployed (distribution, investment, or wind-up) as this will directly shape the stock's future.