Execution of the Business Transfer Agreement
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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.
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.