Galaxy Agrico Exports Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2025 ,inter alia, to consider and approve Company has inserted ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Galaxy Agrico Exports has called a board meeting on 11 August 2025 to consider selling its entire business undertaking — comprising manufacturing and trading of Agricultural Equipments and Bearings (Forged Rings), along with all related assets, liabilities, licences, employees and contracts — to Forgex Rings Private Limited on a slump sale (going concern) basis. Forgex Rings is described as a non-related entity, meaning it is not a promoter or promoter-group company. The board will also approve the FY25 Director's Report, fix the AGM date, appoint a Secretarial Auditor (Ramesh Chandra Bagdi & Associates), and take on record the Q1 FY26 (ended 30 June 2025) unaudited financial results. The deal is subject to shareholder and other necessary approvals.
If approved, this is a full exit from the company's operating business — Galaxy Agrico would essentially sell everything it does today to a third party, leaving shareholders with only the cash/proceeds from the sale. Stock price reaction will depend heavily on the sale consideration, which has not been disclosed yet and will be a key detail to watch post the 11 August board meeting.