Galaxy Agrico Exports Ltd. Press Release Oct 18 2025

Galaxy Agrico Exports Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/10/2025 ,inter alia, to consider and approve (a) To consider, and approve, the Draft of Slum Sale Agreement consequent to approval of the Members of the Company obtained at the Annual General Meeting of the Company held on 29th September, 2025, for sale and transfer of the business undertaking of the Company, comprising the business of manufacturing and trading activity of Agricultural Equipments and Bearings (Forged Rings) (including balance of plant) ('present Business') as a going concern on a slump sale basis (as defined under Section 2(42C) of the Income-tax Act, 1961), along with its respective assets and liabilities including the concerned licenses, consents, approvals, employees and contracts, to Forgex Rings Private Limited, a non-related entity.

View Attachment