Integrated Filing — IndAS



General information about company

Scrip Code 544913
NSE Symbol GLASSWALL
MSEI Symbol NOTLISTED
ISIN INE644Q01039
Name of company GLASS WALL SYSTEMS (INDIA) LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 03-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Half yearly
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Construction Activities
Start date and time of board meeting 03-11-2026   18:00:00
End date and time of board meeting 03-11-2026   18:55:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 05-08-2025
Indicate Company website link for updated RPT policy of the Company www.glasswallsystems.in
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There is no Default on Loans and Debt Securities for the quarter ended September 30,2026.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 21,682.10 21,682.10
Other income 483.20 483.20
Total income 22,165.30 22,165.30
2 Expenses
(a) Cost of materials consumed 8,756.50 8,756.50
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 1,975.30 1,975.30
(e) Finance costs 136.90 136.90
(f) Depreciation, depletion and amortisation expense 302.80 302.80
(f) Other Expenses
1 Other Expenses 5,735.00 5,735.00
Total other expenses 5,735.00 5,735.00
Total expenses 16,906.50 16,906.50
3 Total profit before exceptional items and tax 5,258.80 5,258.80
4 Exceptional items 0.00 0.00
5 Total profit before tax 5,258.80 5,258.80
6 Tax expense
7 Current tax 1,370.60 1,370.60
8 Deferred tax (28.40) (28.40)
9 Total tax expenses 1,342.20 1,342.20
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 3,916.60 3,916.60
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 3,916.60 3,916.60
17 Other comprehensive income net of taxes (16.10) (16.10)
18 Total Comprehensive Income for the period 3,900.50 3,900.50
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,758.70 1,758.70
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 4.61 4.61
Diluted earnings (loss) per share from continuing operations 4.61 4.61
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 4.61 4.61
Diluted earnings (loss) per share from continuing and discontinued operations 4.61 4.61
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) For Notes, refer Quick Results. Notes: 1. The Statement of unaudited standalone financial results for the quarter and half year ended 30 September 2026 of Glass Wall Systems (India) Limited (formerly known as Glass Wall Systems (India) Private Limited) (“the Company”) have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 3 November 2026. The statutory auditors have conducted a limited review of the above Statement of unaudited standalone financial results for the quarter and half year ended 30 September 2026. 2. The Statement of unaudited standalone financial results for the quarter and half year ended 30 September 2026 has been prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under section 133 of the Companies Act, 2013 (the Act) read with the relevant rules thereunder and in terms of Regulation 33 of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosures Requirements) Regulation, 2015, as amended. 3. During the quarter and half year ended 30 September 2026, the Company has completed its Initial Public Offer (IPO) of 2,35,10,425 equity shares of face value of Rs. 2 each at an issue price of Rs. 182 per equity share. The issue consisted of a fresh issue of 32,96,703 equity shares aggregating to Rs. 600.00 Million and an offer for sale of 2,02,13,722 equity shares by selling shareholders aggregating to Rs. 3,678.90 Million. The Company's equity shares were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 16 September 2026. Accordingly, the Statement of unaudited standalone financial results for the quarter and half year ended 30 September 2026 have been drawn up in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 as amended. Further, the utilisation of IPO proceeds has been tabulated below: (Rs. in Million) Objects of the Offer as per the prospectus Amount to be utilised as per the prospectus Utilised upto 30 September 2026 Unutilized amount as on 30 September 2026 * Funding capital expenditure requirement for setting up of Glass Processing Unit (GPU) Project as part of planned backward integration of the Company at Vile Bhagad Facility 500.00 15.05 484.95 General Corporate Purposes 46.30 46.30 - Offer related expenses 53.70 26.07 27.63 Total 600.00 87.42 512.58 *The unutilised IPO proceeds amounting to Rs.450.00 million as at 30 September 2026 are temporarily parked in fixed deposits with scheduled commercial banks, with the remaining balance held in a separately maintained bank account. 4. The Joint Commissioner (Appeals) adjudicated the Maharashtra VAT (MVAT) assessment for the financial years 2005-06 to 2017-18 involving an amount of Rs. 312.13 Million and Central Sales Tax (CST) assessment for the financial years 2014-15 and 2015-16 involving an amount of Rs. 19.93 Million against which the Company had filed appeals with the Maharashtra Sales Tax Tribunal (MSTT). During the year ended 31 March 2026, MSTT passed an order dated 9 July 2025 quashing the demand and asked relevant authorities to recompute demand based on its order. The MVAT Department filed a review/rectification application before the MSTT against the said order which were dismissed by the MSTT vide its order dated 4 May 2026, and upheld its earlier decision. During the quarter and half year ended 30 September 2026, the department has filed a petition with the Bombay High Court dated 24 August 2026. No further proceedings have taken place since filing of the petition. 5. During the year ended 31 March 2026, the Company introduced the Employee Stock Option Plan 2025 (“ESOP 2025” or the “Plan”), comprising a pool of 4,23,192 options with a face value of Rs.2 each with an exercise price of Rs.177.81 per option. The options vest equally over a period of three years, subject to discretion of the management and fulfilment of specified conditions. 6. During the year ended 31 March 2026, the Company acquired 100% equity shares of Yes Systems Private Limited (“Yes Systems”) pursuant to a Share Purchase and Swap Agreement dated 21 August 2025. Yes Systems is in the business of Installation of fenestration in commercial & residential properties etc. including allied activities. As part of the acquisition, the Company issued fully paid up equity shares to the shareholders of Yes Systems in the exchange ratio of 10,000 : 17,43,385. Accordingly, for 50,000 fully paid equity shares of Rs.10 each held in Yes Systems, the shareholders received 87,16,925 fully paid equity shares of Rs.2 each of Glass Wall Systems (India) Limited. The total consideration transferred to the shareholders of Yes Systems amounted to Rs.1,549.96 Million, which includes securities premium of Rs.1,532.53 Million on the shares issued as part of the acquisition. 7. During the quarter and half year ended 30 September 2026, the Company incorporated a wholly owned subsidiary PP Vitrum Systema Technologies Private Limited on 8 July 2026. 8. The Company presents the segment information identified on the basis of internal report used by the Company to allocate resources to the segment and assess their performance. The Board of Directors of the Company is collectively the Chief Operating Decision Maker (CODM) of the Company. The Company has only one reportable business segment of Construction Activities. Therefore, the disclosure as per Ind AS 108 Operating Segments and regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 as amended is not applicable to the Company. 9.The figures for the quarter and half year ended 30 September 2025 have been compiled by the management and were not subjected to audit/review by statutory auditors of the Company. The management has exercised necessary diligence in preparing the financial information of these periods. Note related to Statement of Cash Flows cash and cash equivalents includes a balance of Rs.198.74 million from the Initial Public Offering (IPO) proceeds held in the Public Issue Account with a scheduled commercial bank, which is earmarked towards payment of IPO-related expenses, including expenses attributable to the Offer for Sale (OFS) shareholders, as specified in the Prospectus.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 7,036.80
Capital work-in-progress 428.70
Investment property 985.10
Goodwill 0.00
Other intangible assets 53.90
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 15,505.60
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other financial assets 5,634.50
Total of other non-current financial assets 5,634.50
Total non-current financial assets 21,140.10
Deferred tax assets (net) 513.20
Other non-current assets
1 Income tax assets (net) 42.50
2 Other non-current assets 1,047.60
Total of other non-current assets 1,090.10
Total non-current assets 31,247.90
2 Current assets
Inventories 4,919.80
Current financial asset
Current investments 0.00
Trade receivables, current 9,265.60
Cash and cash equivalents 3,470.70
Bank balance other than cash and cash equivalents 9,212.30
Loans, current 42.20
Other current financial assets
Total of other current financial assets 3,574.40
Total current financial assets 25,565.20
Current tax assets (net)
Other current assets
1 Other current assets  9,784.40
Total of other current assets 9,784.40
Total current assets 40,269.40
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 71,517.30
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,758.70
Other equity 46,248.00
Total equity attributable to owners of parent 48,006.70
Non controlling interest
Total equity 48,006.70
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other financial liabilities 7.40
Total of other non-current financial liabilities 7.40
Total non-current financial liabilities 7.40
Provisions, non-current 514.80
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 522.20
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,423.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 7,684.70
Total Trade payable 10,107.70
Other current financial liabilities
1 Other financial liabilities 2,934.90
Total of other current financial liabilities 2,934.90
Total current financial liabilities 13,042.60
Other current liabilities 8,910.40
1 Other current liabilities 8,910.40
Total of other current liabilities 8,910.40
Provisions, current 657.40
Current tax liabilities (Net) 378.00
Deferred government grants, Current 0.00
Total current liabilities 22,988.40
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 23,510.60
Total equity and liabilites 71,517.30
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) Property, plant and equipment included Right-of-use asset of Rs. 88.33 Million



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Re-measurement gain/(loss) on defined benefit plans (21.50) (21.50)
Total Amount of items that will not be reclassified to profit and loss (21.50)
2 Income tax relating to items that will not be reclassified to profit or loss (5.40) (5.40)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income (16.10) (16.10)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax
Adjustments for reconcile profit (loss)
Adjustments for finance costs 136.90
Adjustments for decrease (increase) in inventories (1,032.50)
Adjustments for decrease (increase) in trade receivables, current 636.80
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (2,327.80)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (229.50)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 3,496.20
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 166.70
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 302.80
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 112.60
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 18.10
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 247.90
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 49.50
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (1.60)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 1,576.10
Net cash flows from (used in) operations 6,834.90
Dividends received (0.80)
Interest paid 0.00
Interest received (397.60)
Income taxes paid (refund) 1,575.60
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 4,860.90
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 1.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 2.80
Purchase of property, plant and equipment 1,038.40
Proceeds from sales of investment property 0.00
Purchase of investment property 391.90
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 27.20
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.80
Interest received 315.20
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (8,420.00)
Net cash flows from (used in) investing activities (9,559.70)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 6,000.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 664.50
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 136.90
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (260.70)
Net cash flows from (used in) financing activities 4,937.90
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 239.10
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 20.80
Net increase (decrease) in cash and cash equivalents 259.90
Cash and cash equivalents cash flow statement at beginning of period 3,210.80
Cash and cash equivalents cash flow statement at end of period 3,470.70





Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Public Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 16-09-2026
Amount Raised 6,000.00
Report filed for Quarter ended 30-09-2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation false
Comments of the Audit Committee after review None
Comments of the auditors, if any None
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Funding capital expenditure requirement for setting up of Glass Processing Unit (GPU) Project as part of planned backward integration of the Company at Vile Bhagad Facility Not Applicable 5,00,00,00,000.00 0.00 15,05,00,511.50 0.00
2 General Corporate Purposes Not Applicable 46,30,23,614.10 0.00 46,30,23,614.10 0.00
3 Offer related expenses Not Applicable 53,69,76,385.90 0.00 26,07,30,150.00 0.00


Signatory Details

Name of signatory Sanjay Sawant
Designation of person Chief Financial Officer
Place Mumbai
Date 03-11-2026




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Glass Wall Systems (India) Limited M.J. Coaters Private Limited Promoter Group Company Purchase of goods or services NA 980.00 517.40 848.80
2 Glass Wall Systems (India) Limited GWS Engineers & Fabricators Private limited Promoter Group Company Purchase of goods or services NA 116.60 0.00 59.70
3 Glass Wall Systems (India) Limited PP Vitrum Systema Technologies Private Limited Subsidiary Investment NA 1.00 0.00 1.00 Textual Information(1)
4 Glass Wall Systems (India) Limited Yes Systems Private Limited Subsidiary Any other transaction Rent Income NA 12.60 6.00 0.80 Textual Information(2)
5 Glass Wall Systems (India) Limited PP Vitrum Systema Technologies Private Limited Subsidiary Any other transaction Rent Income NA 13.50 0.00 14.60
6 Glass Wall Systems (India) Limited Mr. Sanjay Sawant Chief Financial Officer Any other transaction Reimbursement of expenses Paid / (Received) NA 0.50 0.00 0.00
7 Glass Wall Systems (India) Limited Ms. Sunaina Primlani Gera Independent Director Any other transaction Reimbursement of expenses Paid / (Received) NA 0.20 0.00 0.00
8 Glass Wall Systems (India) Limited Mr. Jawahar H. Hemrajani Chairman and Whole Time Director Remuneration NA 75.00 8.60 8.70
9 Glass Wall Systems (India) Limited Mr. Eshan J. Hemrajani Managing Director and Chief Executive Officer Remuneration NA 75.00 8.60 8.70
10 Glass Wall Systems (India) Limited Mr. Sanjay Sawant Chief Financial Officer Remuneration NA 41.20 5.20 7.40
11 Glass Wall Systems (India) Limited Ms. Shweta Singh Company Secretary Remuneration NA 6.50 1.60 0.00 Textual Information(3)
12 Glass Wall Systems (India) Limited Mr. Sagar Lambole Company Secretary Remuneration NA 2.20 0.00 1.10 Textual Information(4)
13 Glass Wall Systems (India) Limited Ms. Sunaina Primlani Gera Independent Director Any other transaction Sitting Fees NA 11.30 0.00 0.00
14 Glass Wall Systems (India) Limited Mr. Siddharth Nandkishore Bafna Independent Director Any other transaction Sitting Fees NA 10.50 0.00 0.00
15 Glass Wall Systems (India) Limited Ms. Nandita Khurana Independent Director Any other transaction Sitting Fees NA 6.80 0.00 0.00
16 Glass Wall Systems (India) Limited Mr. Sanjay Sawant Chief Financial Officer Any other transaction Share based payments NA 0.30 0.00 0.00
17 Glass Wall Systems (India) Limited Yes Systems Private Limited Subsidiary Investment 0.00 NA 0.00 15,499.60 15,499.60 Textual Information(5)
Total value of transaction during the reporting period 1,353.20



Text Block

Textual Information(1) Glass Wall Systems (India) Limited incorporated a wholly owned subsidiary PP Vitrum Systema Technologies Private Limited on 8 July 2026.
Textual Information(2) Closing balance is Net off a) Secuity deposit payable of Rs.0.60 Million and 2) Other receivable of Rs. 0.68 and
Textual Information(3) (w.e.f. 3 April 2025 till 22 July 2026)
Textual Information(4) (w.e.f. 3 August 2026)
Textual Information(5) Glass Wall Systems (India) Limited acquired 100% equity shares of Yes Systems Private Limited pursuant to a Share Purchase and Swap Agreement dated 21 August 2025.