Tranche 2 Sale Deed for Pune Industrial Land Not Executed on Schedule

Galaxy Bearings has informed that the Sale Deed for Tranche 2 of its Pune industrial land sale — 5,700 Sq.

Fri 25 Sep 2026

Land Area - Tranche 2

5,700 Sq. Meters

Consideration Amount

Rs. 150 Lakhs

Buyer

TREEFAC WORKS LLP

Scheduled Execution Date

September 24, 2026

Land Location

Gat No. 1091, Village Sanaswadi, Taluka Shirur, District Pune, Maharashtra

What happened

The company had earlier informed the exchange that the final commercial terms for Tranche 2 of its industrial land sale were approved, with the Sale Deed scheduled for September 24, 2026. That Sale Deed was not executed on the scheduled date.

Deal details as disclosed

• Land at Gat No. 1091, Village Sanaswadi, Taluka Shirur, District Pune, Maharashtra
• Area under Tranche 2: 5,700 Sq. Meters
• Buyer: TREEFAC WORKS LLP
• Total consideration: Rs. 150 Lakhs

Reason given

The company cites certain unforeseen administrative/commercial circumstances and pending procedural requirements at the end of the counterparty.

Current status

The proposed transaction continues to remain under consideration between the parties and has not been cancelled or terminated. Execution of the definitive Sale Deed will take place at a mutually agreed date once the requisite procedural formalities are completed by both parties.

How investors may read it

This is a timing delay on an asset sale rather than a withdrawal, and the stated consideration remains unchanged. Investors typically watch such updates for whether the delay eventually converts into execution or into a change in terms. The company has said it will disclose further on execution or on any material change in status or terms.

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