Gala Precision Engineering Limited has officially informed the stock exchanges regarding the execution of a Memorandum of Understanding (MOU) to acquire approximately 10.16 acres of industrial land located at Village Vardha, Taluka Wada, District Palghar, Maharashtra. This strategic initiative involves an aggregate consideration of Rs. 9.00 Crores, intended to support the company’s long-term growth objectives. The acquisition is currently in the preliminary stages, subject to customary conditions including title verification, legal and technical due diligence, and the eventual execution and registration of the final sale deed.

The proposed land acquisition is a pivotal component of the company’s expansion strategy, designed to facilitate the establishment of new manufacturing facilities, warehousing, and ancillary operations. By securing this land in Palghar, the company aims to enhance its production capacity and strengthen its infrastructure capabilities to better cater to its long-term business requirements. The transaction is being conducted with independent third parties, specifically legal heirs and representatives of the original landowners, and does not fall under the category of related party transactions.

Gala Precision Engineering Limited is a prominent manufacturer specializing in precision components, including technical springs such as disc and strip springs, coil and spiral springs, and special fastening solutions. The company serves a diverse global clientele across industries such as renewable energy, automotive, industrial machinery, and railways. Throughout 2025, the company has maintained a focus on operational excellence and capacity expansion to meet rising industrial demand. The company continues to solidify its market position as a leader in the domestic disc spring segment, leveraging its strong manufacturing standards and global export footprint.

For the quarter ended March 31, 2026 (Q4 FY 2025-26), the company reported a strong financial performance, with total income reaching Rs. 96.14 Crores. The company achieved a profit after tax of Rs. 12.23 Crores for the same period. While prominent individual shareholders such as members of the Kirit V Gala HUF and various family-linked investors maintain holdings, the company’s focus remains on sustaining its growth trajectory through both organic expansion and operational efficiency.