MoU3 Feb 2026, 07:04 pm
HRS Aluglaze Ltd Executes MoU with Geotrix Building Envelope for Business Assets Transfer on Slump Sale Basis
AI Summary
HRS Aluglaze Ltd has executed a Memorandum of Transfer of Business Assets on Slump Sale basis with Geotrix Building Envelope Private Limited. The agreement is for the purchase of a business unit that provides turnkey solutions for facade, design engineering services, architectural precast, etc. The transaction includes all assets, including intangible assets, and was executed on July 13, 2023, in accordance with the SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1 /P/CIR/2023/123 dated July 13, 2023.
Key Highlights
- HRS Aluglaze Ltd has entered into a MoU with Geotrix Building Envelope Private Limited.
- The MoU is for the transfer of business assets on a slump sale basis.
- The transaction includes all assets, including intangible assets.
- The agreement is for taking over a business unit that provides turnkey solutions for facade, design engineering services, architectural precast, etc.
- The transaction is in accordance with the SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1 /P/CIR/2023/123 dated July 13, 2023.