HRS Aluglaze Limited has announced the execution of a significant business asset transfer agreement with Geotrix Building Envelope Private Limited, marking a strategic move in the façade and engineering services sector. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Transaction Overview

The agreement involves the transfer of a specialized business unit that provides comprehensive turnkey solutions in façade services, design engineering, and architectural precast. The transaction is structured as a slump sale, ensuring the transfer of the business as a going concern with all associated assets.

Business Unit Details

The transferred business unit specializes in providing turnkey solutions across multiple segments of the construction and building envelope industry. The transaction encompasses both tangible and intangible assets, ensuring a complete transfer of operational capabilities and intellectual property associated with the business.

The agreement covers the acquisition of existing assets for business expansion purposes, positioning the acquiring entity to leverage established capabilities in the façade and engineering services market.

Regulatory Compliance and Transaction Structure

HRS Aluglaze Limited has confirmed that this transaction does not constitute a related party transaction, as Geotrix Building Envelope Private Limited has no relationship with the company's promoter, promoter group, or group companies. The company holds no shareholding in the acquiring entity.

Management Authorization

The company has authorized Mr. Rupesh P. Shah, Managing Director (DIN: 02806068), to execute all necessary deeds, documents, agreements, and papers on behalf of HRS Aluglaze Limited for this transaction. This authorization ensures streamlined execution of the asset transfer process.

The transaction represents a strategic divestment for HRS Aluglaze Limited while providing Geotrix Building Envelope Private Limited with established capabilities in the specialized façade and engineering services sector.

HRS AluGlaze Limited has begun construction of a new industrial manufacturing facility in Gujarat, marking a significant step in the company's capacity expansion and growth strategy. The project, valued at ₹216 crores, aims to enhance production capacity and operational efficiency.

Project Overview and Strategic Rationale

The decision to establish this new facility stems from consistent growth in the company's operations and order execution capabilities, particularly in aluminium architectural systems, facade, glazing, and allied segments. To address increasing demand and improve operational efficiencies, the Board of Directors approved this manufacturing infrastructure expansion.

HRS AluGlaze has entered into a construction arrangement with Chavda Infra Limited, a reputed infrastructure and construction company, for turnkey construction of the factory building.

Project Specifications

The comprehensive details of this significant industrial development are outlined below:

Expected Benefits and Strategic Impact

The proposed manufacturing facility is designed to deliver multiple strategic advantages for HRS AluGlaze Limited:

• Enhanced production capacity: Enabling the company to service larger and more complex projects
• Improved cost efficiencies: Better turnaround time and quality control measures
• Revenue growth support: Enhanced scalability for future operations
• Strengthened competitive positioning: In the aluminium and facade solutions space
• Robust platform creation: For long-term value generation for shareholders

The facility will align with modern industrial standards and support the company's medium-to-long-term business roadmap.

Financial Structure and Implementation

The project financing will utilize a prudent mix of internal accruals and project-linked funding, as determined appropriate by management. HRS AluGlaze Limited does not anticipate any material adverse impact on its financial position due to this project.

Construction activities are being undertaken in a phased and monitored manner to ensure timely completion, cost discipline, and compliance with applicable statutory norms. This systematic approach demonstrates the company's commitment to efficient project execution and risk management.

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has committed to keep the stock exchange informed of material developments and project milestones as required.