Outcome of Board Meeting held on 07th January, 2026
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 held a board meeting on 7 January 2026 and approved its unaudited financial results for the quarter ended 31 December 2025. Revenue from operations fell sharply to Rs 75.10 lakhs from Rs 262.03 lakhs in the same quarter last year, though the company reported a profit before exceptional items of Rs 61.72 lakhs. A large exceptional loss of Rs 570.78 lakhs, linked to a slump sale transaction carried out during the quarter, dragged the bottom line into a net loss of Rs 8.47 lakhs (EPS of Rs -0.31). On the governance side, three directors — Nathabhai Sadaria (MD), Sanjay Patel (Whole-Time Director) and Manoj Shah (Whole-Time Director) — stepped down from executive roles to Non-Executive Directors, while Abhay Galgate was elevated from Executive Director to Managing Director. All changes are subject to shareholder approval.
The slump-sale driven exceptional loss and steep revenue drop are red flags for shareholders, while the simultaneous exit of three executive directors and a new Managing Director signal a major management reshuffle that could reshape the company's direction.