Announced Wed, 1 Jul · 14:01 IST
Removed from US OFAC SDN sanctions list
Regulatory & Legal View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+43.8%1-day move
₹600.00
prior close
₹719.20
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+43.8+58.2+74.0+81.7+75.0+64.1+50.2———
Up moveDown movePending
AI summary
Galaxy Bearings has been removed from the US Treasury's OFAC Specially Designated Nationals (SDN) List via letter dated June 30, 2026. This concludes earlier designation proceedings. The company can now legally transact with US persons and use the US financial system, helping normalize its international business operations involving US counterparties.
Likely market impact
Positive: clears the US sanctions overhang, allowing resumption of trade and financial transactions with US parties.