Submission of Proceedings/outcome of 36th Annual General Meeting

Bearings Limited Date: 22nd September,2026 BSE Limited, Phiroz Jeejeebhoy Tower, Dalal Street, Mumbai-400001 Dear Sir/Madam, Sub.: Submission of Proceedings/Outcome of the 36th Annual General Meeting pursuant to Regulation 30 read with Part A of Schedule III of SEBI (LODR) Regulations, 2015 Ref.: GALAXY BEARINGS LIMITED (Scrip Code: 526073; Scrip ID: GALXBRG) We wish to inform you that the 36th Annual General Meeting (“AGM”/ “Meeting”) of the Company was held on Tuesday, September 22, 2026 through Video Conferencing (“VC”)/Other Audio Visual Means (“OAVM”) in accordance with the circulars/notifications issued by the Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India (“SEBI”) and the business(es) mentioned in the Notice of the AGM for convening the Meeting (“Notice”), were duly transacted. In this regard, please find enclosed the summary of proceedings as required under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), as Annexure-I. The Meeting was scheduled to take place at 03:30 P.M. IST. Following a brief delay due to unavoidable technical difficulties on the electronic platform, the Meeting officially commenced at 03:39 P.M. IST and concluded at 04:49 P.M. IST (including the time allowed for E-voting at the AGM). Further, the copy of the Integrated Annual Report and Annual Accounts for the Financial Year 2025- 26 (“Annual Report”) of the Company is available on the website of the Company at www.galaxybearings.com Thanking You. For GALAXY BEARINGS LIMITED BHUMIKA TELI COMPANY SECRETARY AND COMPLIANCE OFFICER Encl: As above Registered office: A-53/54, 5th Floor, Pariseema Complex, C.G. Road, Ellisbridge, Ahmedabad 380006. Tel.: (079) 29606020, Fax No.: (079)29606020, Email: investor@galaxybearings.com, Website: www.galaxybearings.com CIN: L29120GJ1990PLC014385 Bearings Limited ANNNEXURE-I SUMMARY OF PROCEEDINGS OF 36th ANNUAL GENERAL MEETING (“AGM”) OF GALAXY BEARINGS LIMITED The 36th AGM of the members of the Company was held today i.e., Tuesday, September 22, 2026 at 03:30 P.M. IST by way of VC/OAVM in accordance with the circulars issued by MCA and SEBI in addition to the applicable provisions of the Companies Act, 2013 (the “Act”) and SEBI Listing Regulations and Rules made thereunder. Following a brief delay due to unavoidable technical difficulties on the electronic platform, the Meeting commenced at 03:39 P.M. IST and concluded at 04:49 P.M. IST (including the time allowed for E-voting at the AGM). In terms of Articles of Association of the Company, Mr. Kartik Patel, Independent Director and Chairperson of the Company chaired the meeting. Before commencing the proceedings, Mrs. Bhumika Teli, Company Secretary and Compliance officer of the Company, extended a warm welcome to all the members attending the meeting through VC/OAVM and thereafter, introduced the Board of Directors and Key Managerial Personnel along with Management of the Company present at the Meeting and confirmed that all Directors are present at the Meeting. Further, the representatives of Statutory Auditors, Secretarial Auditors and Scrutinizer for the Meeting were also present at the Meeting. THE FOLLOWING DIRECTORS AND KEY MANAGERIAL PERSONNEL WERE PRESENT AT THE MEETING:  Mr. Bharatkumar Ghodasara – Whole-Time Director  Mr. Kartik Patel – Non-Executive Independent Director, Chairperson of the Company  Mrs. Deepa Shah – Non-Executive Independent Director  Mr. Devang Gor – Non-Executive Director  Mrs. Shetal Gor – Non-Executive Director  Mrs. Tuhina Bera – Non-Executive Director  Mrs. Bhumika Teli – Company Secretary and Compliance officer  Mr. Dixit Patel – Chief Financial Officer IN ATTENDANCE:  Mr. Alpesh Panchal – Representative of Statutory Auditors  Mr. Jignesh Kotadiya – Secretarial Auditor and Scrutinizer Registered office: A-53/54, 5th Floor, Pariseema Complex, C.G. Road, Ellisbridge, Ahmedabad 380006. Tel.: (079) 29606020, Fax No.: (079)29606020, Email: investor@galaxybearings.com, Website: www.galaxybearings.com CIN: L29120GJ1990PLC014385 Bearings Limited MEMBERS PRESENT: As per the records of attendance, 60 members attended the Meeting. Mrs. Bhumika Teli confirmed to the Chairman that the requisite quorum is present to proceed with the meeting. The members were further briefed on the general instructions relating to their participation at the Meeting through audio-visual means and also, that the Company had taken all feasible efforts for conducting this AGM in a smooth manner to enable participation and voting through electronic mode. In this regard, the Company has availed the services of M/s. Alankit Assignments Limited for providing the Video Conferencing / Other Audio-Visual Means facility and has engaged the services of Central Depository Services (India) Limited – CDSL for providing the e-voting facility. The Company Secretary informed the members that the facility for joining the AGM through VC/OAVM was made available for the members and since, the meeting was conducted virtually with electronic participation, there was no requirement of providing facility of appointing a proxy. It was confirmed that the Auditors’ Report does not contain any qualifications/modified opinion or adverse remarks. The members were further informed that in compliance with the Act, the Company had provided the remote e-voting facility before the AGM and e-voting facility during the AGM, to the members determined as on the cut-off date i.e. Tuesday, 15th September, 2026, to cast vote electronically on all the resolutions set forth in the Notice. The remote e-voting period before the AGM commenced on Saturday, 19th September, 2026 at 09.00 a.m. (IST) and ends on Monday, 21st September, 2026 at 5.00 p.m. (IST). Members, who have not casted their vote through remote E-voting process have been provided with the facility to cast their vote during the AGM using the CDSL Platform The Company had appointed Mr. Jignesh Kotadiya, Practicing Company Secretary as the Scrutinizer for the purpose of scrutinizing the process of remote e-voting held prior and the e- voting during the AGM. The Chairman, Mr. Kartik Patel, then made his opening remarks and delivered his official address to the members. Mr. Devang Gor, Non-Executive Director addressed the members and briefed them about the financial performance of the Company and gave some insights regarding the business growth. He then asked the Company Secretary to brief the resolutions forming part of the notice of this meeting. Thereafter, The Company Secretary informed the Members that the Notice along with the Integrated Report and Annual Accounts containing the Audited Financial Statements with Directors’ and Auditors’ Report for the year ended March 31, 2026 as sent to the members through electronic mode and made available on the Company’s website, were taken as read. Registered office: A-53/54, 5th Floor, Pariseema Complex, C.G. Road, Ellisbridge, Ahmedabad 380006. Tel.: (079) 29606020, Fax No.: (079)29606020, Email: investor@galaxybearings.com, Website: www.galaxybearings.com CIN: L29120GJ1990PLC014385 Bearings Limited Further, brief on the following resolutions as set out in the Notice convening the 36th Annual General Meeting were read out by her: Business Ordinary / Special Resolution Ordinary Business: To Receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year 1. Ordinary Resolution ended March 31, 2026 and the Reports of Board of Directors and Auditor’s thereon To appoint a director in place of Mr. Devang Maheshchandra Gor (DIN: 08437363), who retires by 2. Ordinary Resolution rotation and being eligible, offers his candidature for re-appointment as director of the Company Special Business: Re-appointment of Mr. Bharatkumar Ghodasara (DIN: 00032054) as Whole-time Director of the Company, 3. Special Resolution approval of remuneration and co [Showing first 8,000 characters — download PDF for full document]