Interarch Building Solutions Limited has announced a comprehensive postal ballot notice seeking shareholder approval for three critical special resolutions that will shape the company's strategic direction and capital structure. The notice, issued on February 24, 2026, outlines significant corporate actions including fund reallocation, leadership appointments, and capital raising initiatives.

IPO Proceeds Variation and Reallocation

The company is seeking approval to vary the terms of its Initial Public Offering (IPO) proceeds utilization. From the original IPO conducted through a prospectus dated August 21, 2024, Interarch Building Solutions raised ₹2000 million through a fresh issue of 22,24,539 equity shares at ₹900 per share.

The proposed variation involves redirecting ₹129.40 million from unutilized IPO proceeds, originally designated for Andhra Pradesh Unit-I (₹26.50 million) and upgradation of Kichha & TN/Pantnagar Facilities (₹102.90 million), towards Manufacturing Facility-II at Andhra Pradesh. An additional ₹0.42 million saved from land acquisition costs will also be allocated to this facility, bringing the total reallocation to ₹129.82 million.

Executive Director Appointment

The second resolution proposes the appointment of Mr. Manish Kumar Garg (DIN: 09083957) as Executive Director for a five-year term from February 2, 2026 to February 1, 2031. Mr. Garg, currently serving as Chief Executive Officer, is a Harvard Business School alumnus with over three decades of experience in the metal buildings and pre-engineered buildings sector.

The remuneration package includes additional perquisites such as mediclaim insurance, mobile expenses, gratuity, company car and fuel, along with other benefits as per company policy.

Qualified Institutional Placement (QIP) Fundraising

The third resolution seeks approval for raising up to ₹100 crore through a Qualified Institutional Placement (QIP) by issuing equity shares of ₹10 face value each to Qualified Institutional Buyers. The funds will be utilized for two major expansion projects:

Key features of the proposed QIP include:

• Minimum 10% allocation to Mutual Funds
• Maximum 50% allocation to any single QIB
• Discount of up to 5% on floor price as permitted
• One-year lock-in period for allotted shares
• Completion within 365 days of resolution approval

Voting Process and Timeline

The postal ballot will be conducted exclusively through remote e-voting, with Central Depository Services Limited (CDSL) providing the e-voting platform. CS Vineet K Chaudhary of M/s VKC & Associates has been appointed as the scrutinizer for the process.

Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date and have registered email addresses will be eligible to participate in the e-voting process. The postal ballot notice is available on the company's website at www.interarchbuildings.com and on stock exchange websites.

Interarch Building Solutions Limited has announced its unaudited financial results for the third quarter of FY26, demonstrating strong operational performance and continued growth momentum. The company's Board of Directors approved the results at a meeting held on February 02, 2026, followed by an earnings conference call on February 03, 2026.

Financial Performance Overview

The company delivered impressive financial results for the quarter ended December 31, 2025, with substantial improvements across key performance indicators.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company maintained its growth trajectory with strong year-over-year improvements.

Management Commentary and Growth Outlook

During the earnings call, Managing Director Arvind Nanda expressed satisfaction with the quarterly performance, stating that results exceeded expectations. The company is well-positioned to achieve and surpass its original revenue target, with projections indicating potential revenue of ₹1,900 crores for FY26 against the initial target of ₹1,710-1,720 crores.

The pre-engineered building (PEB) industry has gained significant recognition as a distinct category, with increased market acceptance for steel buildings and integrated solutions. The company's capacity utilization is currently running high, with monthly revenue run-rate of approximately ₹156-157 crores.

Capacity Expansion and QIP Fundraising

The Board approved raising funds through a Qualified Institutional Placement (QIP) for up to ₹100 crores to accelerate capacity expansion plans. The funds will be utilized for two major projects:

The expansion will increase total PEB capacity to 240,000 tons and heavy structure capacity to 40,000-45,000 tons, supporting a revenue potential of ₹3,400-3,500 crores.

Order Book and Pipeline

The company maintains a strong order book of ₹1,685 crores, with quarterly order inflow of ₹570-575 crores. The order pipeline shows robust prospects:

Key sectors driving growth include manufacturing, renewables, data centers, and multi-story commercial buildings. Notable orders include projects for JSW and semiconductor facilities for Micron and Tata Electronics.

Export Initiatives

The company secured export orders from Myanmar and Ghana during the quarter, with active discussions for projects in North America and Africa. Export margins are typically better than domestic operations due to reduced project management responsibilities.

Operational Highlights

Cost management remained effective during the quarter. Cost of raw materials and components consumed was ₹30,543.74 lakhs, employee benefits expense stood at ₹4,296.60 lakhs, while erection and installation charges were ₹4,748.59 lakhs.

Regulatory and Financial Updates

The company recorded an exceptional item of ₹324.23 lakhs related to new Labour Codes implementation. The Income Tax Department conducted proceedings from August 18-22, 2025, with full cooperation provided and no demands raised.

IPO proceeds utilization continued with ₹15,810.89 lakhs utilized out of net proceeds of ₹18,809.79 lakhs, leaving ₹2,998.90 lakhs temporarily invested in fixed deposits.

Future Projections

Management projects 15% growth for FY27, targeting revenue of ₹2,100+ crores, with the long-term goal of ₹2,500 crores by FY27-28 remaining intact. The company maintains a debt-free status with cash reserves exceeding ₹200 crores.