HRS Aluglaze Ltd

Fundraising mode

• Proceeds raised through a fresh equity issue.
• Total issue size disclosed to investors.

Deviation status

• No material deviation from disclosed objects.
• Means of finance and approvals unchanged.

Object deployment progress

• Utilisation aligned with disclosures; some objects ongoing or completed.
• No major deviation observed compared with prior monitoring reports.

Unutilised proceeds and investments

• Unutilised funds are held in cash/bank accounts.
• Some proceeds deployed into bank deposits with modest returns.

Governance and monitoring

• Monitoring agency engaged to oversee fund utilisation.
• Audit committee and board reviewed the monitoring report.

Q1 FY27: orders, execution, and book

• Q1 FY27 orders secured: ₹25.5 crore (excluding GST).
• Unexecuted order book as on 30 Jun 2026: ₹112.3 crore.
• Orders executed in Q1 FY27: ₹14.1 crore.
• Geotrix Pvt. Ltd. order book: ₹6.1 crore.

Geotrix operations and capex deployment

• Geotrix commenced commercial operations on 1 Apr 2026; Q1 FY27 revenue ₹0.8 crore.
• Fresh inflows for Geotrix in Q1 FY27: ₹6.9 crore.
• IPO proceeds deployed towards capacity expansion and infrastructure.
• Capex program to strengthen manufacturing capacity for larger façade projects.
• Manufacturing facility construction progressing as planned.

Dematerialisation processing and listing

• RTA confirmed processing of dematerialisation requests with accepted/rejected status to depositories.
• Securities dematerialised have been listed on the stock exchanges where existing securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.

Order summary

• HRS Aluglaze Limited booked multiple orders totaling ₹11.45 crore, excluding GST.
• Orders are for façade, glazing, windows, railings, and related aluminium works.
• Execution is scheduled over the next 2 to 20 months.

Customers

• Pinnacle Solutions awarded façade and glazing work for Micron semiconductor facility, Sanand, Gujarat.
• Shreepati Skies (R R Chaturvedi) awarded windows and railing work for Aaradhya Avaan, Tardeo, Mumbai.
• Goyal & Co. Construction Pvt. Ltd. awarded aluminium windows, pipe fins, glass railing, casement windows, and vents.
• Galaxy Real Estate Developers (Guj) Pvt. Ltd. awarded aluminium windows, pipe fins, glass railing, casement windows, vents, and aluminium railing.

Contract values and timelines

• Pinnacle Solutions order: ₹3.20 crore, excluding GST; completion by May 30, 2026.
• Shreepati Skies order: ₹0.38 crore, excluding GST; completion by June 30, 2026.
• Goyal & Co. order: ₹2.95 crore, excluding GST; completion by March 30, 2027.
• Galaxy Real Estate order: ₹4.93 crore, excluding GST; completion by December 31, 2027.

Other terms

• The filing does not disclose related-party or promoter-group involvement.
• No specific payment terms or special contract conditions were disclosed.
• Company said the orders strengthen its order pipeline and support growth.

Order from Safal Goyal Realty LLP

• Order for supply, fabrication, and installation of aluminum windows and railings
• Order value INR 10.19 crore excluding GST
• Domestic entity
• Completion deadline September 30, 2026
• No promoter group interest or related party transaction

Order from KEC International Limited

• Order for supply of aluminum composite cladding sheet
• Order value INR 7.24 crore excluding GST
• Domestic entity
• Completion deadline September 30, 2026
• No promoter group interest or related party transaction

Order from Aaryan Build Projects LLP

• Order for supply, fabrication, and installation of windows
• Order value INR 6.59 crore excluding GST
• Domestic entity
• Completion deadline September 30, 2026
• No promoter group interest or related party transaction

Order from Pinnacle Solutions

• Order for execution of doors and windows work
• Order value INR 1.57 crore excluding GST
• Domestic entity
• Completion deadline September 30, 2026
• No promoter group interest or related party transaction

Order from PSP Projects Limited

• Order for installation of aluminum windows, ventilation, and façade work
• Order value INR 0.99 crore excluding GST
• Domestic entity
• Completion deadline September 30, 2026
• No promoter group interest or related party transaction

Order from PSP Projects & Proactive Construction Pvt Ltd

• Order for installation and supply of aluminum windows and ventilation
• Order value INR 0.30 crore excluding GST
• Domestic entity
• Completion deadline September 30, 2026
• No promoter group interest or related party transaction

Order from Shiv Infrastructure

• Order for supply, fabrication, and installation of aluminum façade work
• Order value INR 0.06 crore excluding GST
• Domestic entity
• Completion deadline April 30, 2026
• No promoter group interest or related party transaction

Overall Order Book

• Total order value INR 26.94 crore excluding GST
• Execution period between 3 to 12 months
• All orders from domestic entities

Target Entity and Business Description

• Geotrix Private Limited incorporated in India on 10 February 2026.
• Engaged in manufacturing, fabricating, assembling, supplying, trading, and installing aluminium and architectural products.
• Operates in the aluminium products and architectural systems manufacturing sector.

Acquisition Details

• Incorporated as a wholly owned subsidiary of HRS Aluglaze Limited.
• Issued share capital of Rs. 10,00,000 (Ten Lakhs).
• 100% shareholding acquired by HRS Aluglaze Limited through incorporation.
• No consideration involved as this is a new incorporation.

Purpose and Strategic Rationale

• To expand HRS Aluglaze Limited’s product offerings in aluminium windows, doors, curtain walls, façades, cladding, glazing systems, and composite panels.

Regulatory and Approvals

• No regulatory or governmental approvals specified.