Financial Results for 30th June 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250 and 2.0 pts more 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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Galaxy Agrico Exports reported a weak Q1 FY26 with total income of ₹93.60 lakhs (down from ₹108.03 lakhs YoY) and a net loss of ₹12.01 lakhs versus a profit of ₹4.74 lakhs in the same quarter last year. Loss per share stood at ₹0.44. More importantly, the Board approved the sale and transfer of its entire present business — manufacturing and trading of Agricultural Equipments and Bearings (Forged Rings) — on a slump sale basis to Forgex Rings Private Limited, a non-related party, for ₹9.25 crore (above the ₹8.95 crore independent valuation). This business constitutes 100% of the company's revenue (₹383.58 lakhs in FY25) and effectively represents the sale of the company's entire operating activity. The deal is subject to shareholder approval via special resolution and is expected to close by the last quarter of FY26. The auditor flagged material weaknesses — the company has not inspected its fixed assets or inventories and has not maintained a fixed asset register.
This is a transformative event for shareholders: the company is divesting its only operating business, so post-deal the listed entity will essentially be a shell with cash proceeds of around ₹9.25 crore. The Q1 results show operational deterioration, and the auditor's red flags on asset verification add governance concerns. Shareholders should weigh the deal price, expected use of sale proceeds, and what remains for the listed entity going forward.