BSEGalaxy Bearings LtdLowNeutral
Announced Mon, 8 Dec · 13:11 IST

The Company hereby informs to the Exchange that Board has approved the Appointment of New RTA in its Board Meeting held on Monday, 08th December,2025, started on 12:30 PM and Conluded at 12:45 PM.

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Galaxy Bearings Limited's Board of Directors, at a meeting held on December 8, 2025, approved the change of the company's Registrar and Share Transfer Agent (RTA). The existing RTA, MUFG Intime Private Limited (formerly Linkintime India Private Limited), will complete its contract on December 31, 2025. M/s Alankit Assignments Limited has been appointed as the new RTA, effective January 1, 2026, subject to transition formalities. The company cited better infrastructure, stronger capabilities, and competitive commercial terms as reasons for the switch, and confirmed that investor services will continue uninterrupted.

Likely market impact

This is a routine administrative change and is not expected to affect shareholders or the stock price. Investors do not need to take any action, as share-related services will continue seamlessly through the new RTA from January 1, 2026.