Interarch Building Solutions Limited has announced the successful completion of its postal ballot process, with all three special resolutions receiving overwhelming shareholder approval. The company informed stock exchanges on March 28, 2026, that the resolutions were deemed passed on March 27, 2026, marking the conclusion of the remote e-voting process.

Executive Director Appointment Confirmed

Following the postal ballot approval, the company has officially confirmed the appointment of Mr. Manish Kumar Garg (DIN: 09083957) as Executive Director. The appointment details were communicated to stock exchanges through a regulatory filing under Regulation 30 of SEBI Listing Regulations.

Director Profile and Qualifications

Mr. Manish Kumar Garg brings exceptional credentials to his new role as Executive Director. He is an alumnus of Harvard Business School and holds a Civil Engineering degree from Delhi, with over three decades of expertise in metal buildings and pre-engineered buildings (PEB) domain.

Postal Ballot Process Overview

The postal ballot was conducted entirely through electronic means, with the remote e-voting period running from February 26, 2026, at 9:00 a.m. to March 27, 2026, at 5:00 p.m. The process was overseen by CS Vineet K Chaudhary from VKC & Associates, who served as the appointed scrutinizer.

Resolution Results Summary

All three special resolutions achieved remarkable approval rates, demonstrating strong shareholder confidence in the company's strategic direction. The director appointment resolution (Resolution 2) received 99.88% approval from shareholders.

Compliance and Regulatory Framework

The company ensured full compliance with regulatory requirements under the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Arvind Nanda (DIN: 00149426) signed the official communication confirming that Mr. Garg is not debarred from holding directorship by SEBI or any statutory authority.

The successful completion of this postal ballot process and the formal appointment of Mr. Garg as Executive Director strengthens Interarch Building Solutions' leadership team as the company proceeds with its approved strategic initiatives, including the proposed fundraising through QIP.

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.