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HRS Aluglaze soars on getting nod to incorporate subsidiary

01 Feb 2026 Evaluate

HRS Aluglaze is currently trading at Rs. 192.00, up by 6.70 points or 3.62% from its previous closing of Rs. 185.30 on the BSE.

The scrip opened at Rs. 188.15 and has touched a high and low of Rs. 192.00 and Rs. 188.15 respectively. So far 1200 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 192.00 on 01-Feb-2026 and a 52 week low of Rs. 126.00 on 18-Dec-2025.

Last one week high and low of the scrip stood at Rs. 192.00 and Rs. 175.05 respectively. The current market cap of the company is Rs. 362.79 crore.

The promoters holding in the company stood at 72.49%, while Institutions and Non-Institutions held 10.77% and 16.73% respectively.

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.

HRS Aluglaze Share Price

277.25 13.20 (5.00%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
National Aluminium 417.00
Maan Aluminium 136.05
Arfin India 89.50
Manaksia Aluminium 27.82
PG Foils 220.55
View more..

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