HRS Aluglaze has received approval from Board of Directors for incorporation of a subsidiary company namely ‘Geotrix’ and for investment in its equity shares as part of its strategic initiative to expand its presence in the aluminium and allied products manufacturing segment and to strengthen its integrated architectural solutions portfolio.
The proposed incorporation is expected to enhance execution capabilities, improve supply chain efficiencies, and facilitate focused research and development activities aimed at delivering customized and value-added architectural solutions. The subsidiary will also undertake all incidental and ancillary activities related to project execution.
The company is proposing to subscribe 67,000 equity shares at face value, aggregating to a cash consideration of Rs 6,70,000, thereby acquiring a 67% equity stake in Geotrix. The investment is intended to provide operational scalability and is aligned with the Company’s long-term growth strategy and future business opportunities.
The Board of Directors of HRS Aluglaze at its meeting held on January 31, 2026, has considered and approved the same.
HRS Aluglaze is engaged in the business of providing manufactured doors and windows and building facades using Aluminium Sections, UPVC, Glass and others and also providing turnkey solutions for the same.
