HRS Aluglaze has scheduled its 14th Annual General Meeting for September 30, 2026, to transact ordinary and special business including the appointment of statutory auditors and approval of related-party transactions.

The meeting will be held via video conference or other audio-visual means at 3:00 pm. Shareholders on record as of September 23, 2026, are eligible to vote through remote e-voting facilitated by NSDL.

Financial Performance FY26

The company reported robust growth in its financial results for the year ended March 31, 2026. Revenue from operations rose to ₹6,753.12 lakh, up from ₹4,210.85 lakh in the previous year. Profit after tax (PAT) more than doubled to ₹1,021.62 lakh compared to ₹514.64 lakh in FY25.

Other income increased significantly to ₹31.54 lakh from ₹3.61 lakh in the prior year. The company incurred a tax expense of ₹354.18 lakh for FY26.

Auditor Appointment

The Board proposes the appointment of M/s. Chirag R. Shah & Associates as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. Shah & Patel. The new auditors will serve for five years until the conclusion of the AGM for FY31. Their annual remuneration will not exceed ₹2,00,000 plus out-of-pocket expenses.

Related-Party Transactions

Shareholders will approve material related-party transactions with entities including Geotrix Private Limited, Umbrella Buildcon, and Hrishikesh Ventures LLP. These transactions involve sales/purchases of goods, lease expenses, and asset transfers for the period FY27 to FY29. The aggregate value of these transactions is projected to represent significant portions of the company's turnover, with Geotrix Private Limited transactions estimated at 60.64% of annual consolidated turnover for FY27.

Management Remuneration

The AGM will consider a special resolution to revise the remuneration of Chairman and Managing Director Mr. Rupesh Pravinbhai Shah. His monthly pay will increase from ₹4,00,000 to ₹5,50,000, effective April 1, 2026. This revision aligns with his expanded responsibilities and contributions to the company's growth.

Borrowing and Guarantees

The company seeks shareholder approval under Section 180(1)(c) of the Companies Act, 2013, to borrow up to ₹300 crore over and above its paid-up capital and free reserves. Additionally, under Section 185, the Board is authorized to grant loans or guarantees up to ₹50 crore to subsidiaries or group entities.

HRS Aluglaze has appointed M/s. Chirag R. Shah & Associates as its statutory auditor to fill a casual vacancy arising from the resignation of M/s. Shah & Patel.

The Board of Directors approved the appointment during a meeting held on September 3, 2026. The new firm, which holds Firm Registration Number 118791W, will hold office until the conclusion of the company’s 14th Annual General Meeting.

Auditor Transition

M/s. Shah & Patel tendered their resignation effective September 3, 2026, citing preoccupation with other assignments. The outgoing auditors confirmed they had completed the statutory audit for FY26 and issued an unmodified opinion on May 22, 2026. They stated there were no disputes or concerns regarding information provided by management.

Shah & Patel had been appointed for a five-year term starting September 25, 2024. They are currently in the process of issuing a limited review report for the half-year ended September 30, 2026.

Other Board Approvals

The Board also approved several other governance matters for FY27:

• Appointment of M/s. Mrunal M Shah & Co. as Internal Auditor.
• Appointment of M/s. Parikh Dave & Associates as Secretarial Auditor.
• Approval of the draft Notice for the 14th Annual General Meeting.
• Approval of the Draft Directors’ Report for FY26.

National Securities Depository Limited (NSDL) was appointed as the Remote E-Voting Agency, while Parikh Dave & Associates was named Scrutinizer for the AGM voting process.