Interarch Building Solutions Limited has completed a strategic land acquisition in Gujarat, strengthening its operational footprint with the purchase of freehold industrial land worth ₹5.81 crore. The transaction was completed on March 24, 2026, marking a significant milestone in the company's expansion strategy.

Land Acquisition Details

The company has acquired approximately 52,855 square meters of industrial land through a registered sale deed. The property is strategically located at Block/Survey No. 276 in Mouje Viroja, Taluka Matar, within the Kheda district of Gujarat.

Financial Investment

The total consideration for this land acquisition amounts to ₹5,81,40,500, excluding stamp duty and registration fees. This investment demonstrates the company's commitment to expanding its industrial capabilities and operational infrastructure.

Strategic Purpose and Seller Information

The acquired land will serve the purpose of setting up and expanding Interarch Building Solutions' industrial and operational facilities. This acquisition aligns with the company's growth strategy and capacity enhancement plans. The land was purchased from Mr. Iqbalbhai Husenbhai Shaikh in a transaction that does not fall under related party transactions, ensuring arm's length dealing principles.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This acquisition follows a previous disclosure dated February 2, 2026, indicating the company's systematic approach to regulatory compliance and transparent communication with stakeholders.

Interarch Building Solutions Limited has disclosed receiving a notice under the Micro, Small and Medium Enterprises Development Act, 2006, for alleged delayed payment claims totaling ₹9.55 crore. The company made this disclosure pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Notice Details and Claims

The notice was received on 16 March 2026 from the Micro and Small Enterprises Facilitation Council (MSEFC), Bengaluru Urban, Department of Industries & Commerce, Government of Karnataka. The petitioner, M/s. AGRIMA Roof & Facade Systems, has filed a reference under Section 18 of the MSMED Act, 2006.

Nature of Dispute

The petitioner has alleged delays in payments and raised various contractual claims arising from the execution of works. According to the company's disclosure, the dispute pertains to contractual matters relating to project execution, including scope, billing and related issues. The notice was filed for alleged delayed payments under the MSMED Act provisions.

Company's Response and Position

Interarch Building Solutions has stated that it is reviewing the matter and will take appropriate legal steps. The company believes that the claims are not tenable and intends to contest them. The financial impact, if any, cannot be ascertained at this stage as the company is currently evaluating the matter.

Legal Proceedings Timeline

Financial and Operational Impact

The company has disclosed that while the petitioner has claimed approximately ₹9.55 crore including principal and interest, the financial impact cannot be determined at this stage. The matter is listed for conciliation and may proceed to arbitration in accordance with the MSMED Act, 2006. The company is evaluating both the claims and potential financial implications as the legal process unfolds.