We are enclosing herewith the 35th Annual Report for the F.Y.2024-25

Galaxy Bearings Limited has submitted its 35th Annual Report for FY 2024-25 along with the notice for its AGM scheduled for November 27, 2025 via video conferencing. The Whole-time Director's letter states the company recorded a decline in profit compared to the previous year due to sanctions imposed during the period that affected operations, supply chains, and market access. Profit Before Tax fell to Rs. 1,852.50 lakhs from Rs. 2,542.40 lakhs in FY 2023-24, a drop of roughly 27%. The letter cites Profit After Tax of Rs. 1,884.42 lakhs versus Rs. 1,371.15 lakhs in the prior year, though these PAT figures appear inconsistent with the stated PBT decline and the management's own characterisation of falling profits. The AGM agenda covers adoption of financial statements, re-appointment of a Non-Executive Director, appointment of a new Secretarial Auditor for five years, and ratification of the Cost Auditor's remuneration of Rs. 40,000.