HRS Aluglaze Ltd acquired strategic assets from Geotrix Building Envelope Pvt. Ltd. via a slump sale for ₹6.7 Crores.
A new subsidiary, Geotrix Private Limited, was incorporated in February 2026 to operate the assets under a licensing agreement.
HRS holds a 67% majority stake in the new entity, with technical partner Selvam Ramanathan holding the remaining 33% equity.