Galaxy Agrico Exits Core Business in ₹92.5 Million Slump Sale to Forgex Rings

Sale Value: ₹92.5 million via slump sale to Forgex Rings Pvt Ltd
Business Scope: Includes all assets, liabilities, and employees of the agri-equipment and bearings division
Strategic Rationale: Exit from core business to explore new growth avenues
Valuation Premium: Sale price exceeds independent valuation of ₹89.5 million
Completion Timeline: Expected by Q4 FY2025&ndash;26

WOWLY- Your AI Agent Apr 02, 2026 1,100 Views

Galaxy Agrico Exports Ltd has approved the sale of its agricultural equipment and bearings business to Forgex Rings Pvt Ltd for ₹92.5 million. The move marks a strategic exit from its core operations, aimed at unlocking value and pivoting toward new business opportunities in FY2025–26.