Interarch Building Solutions Limited has submitted its quarterly monitoring agency report for the period ended December 31, 2025, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, prepared by CRISIL Ratings Limited as the appointed monitoring agency, provides a comprehensive overview of the company's IPO proceeds utilization during the third quarter of fiscal year 2026.

Regulatory Compliance Statement

On February 7, 2026, the company filed a formal statement with NSE and BSE confirming no deviations or variations in the use of IPO proceeds for the quarter ended December 31, 2025. Managing Director Arvind Nanda digitally signed the compliance document, reaffirming adherence to the objects mentioned in the original IPO offer letter dated August 22, 2024.

IPO Proceeds Utilization Summary

During the quarter ended December 31, 2025, the company utilized Rs 46.21 million from its IPO proceeds, bringing the cumulative utilization to Rs 1,581.08 million. The monitoring agency confirmed that all utilization remains aligned with the objects disclosed in the original offer document.

Object-wise Fund Deployment

The company's IPO proceeds are being deployed across six primary objects, with varying levels of completion. The capital expenditure towards setting up the project received Rs 0.63 million during the quarter, while upgradation of existing manufacturing facilities saw Rs 18.62 million deployment.

Fund Reallocations and Approvals

The company has undertaken strategic reallocations of IPO proceeds through shareholder approvals. During the quarter ended March 31, 2025, shareholders approved the reallocation of Rs 287.90 million from Object 1, with Rs 240.20 million redirected to Object 2 and Rs 47.70 million to General Corporate Purposes.

Additionally, in May 2025, shareholders approved another reallocation totaling Rs 95.00 million from Objects 1 and 2 toward a new object for manufacturing Facility-II at Andhra Pradesh. This reallocation specifically addresses the final payment for new land acquisition adjacent to the company's existing property.

Deployment of Unutilized Funds

The remaining Rs 300.47 million of unutilized proceeds has been strategically invested in fixed deposits and maintained in designated bank accounts. The largest portion, Rs 190.00 million, is placed in a YES Bank fixed deposit maturing on September 6, 2026, earning 6.45% returns.

InterArch Building Solutions has received approval to raise capital through a Qualified Institutional Placement (QIP), marking a significant step in the company's fundraising initiatives. The approval covers the issuance of equity shares or convertible securities worth up to ₹100 crore.

QIP Approval Details

The company has secured the necessary approvals to proceed with the capital raising exercise through the QIP route. This mechanism allows companies to raise funds from qualified institutional buyers, providing access to institutional capital markets.

Capital Raising Structure

The approval provides InterArch Building Solutions with flexibility in structuring the fundraising exercise. The company can choose between:

• Direct equity share issuance to qualified institutional buyers
• Convertible securities that can be converted to equity at a later date

This dual option approach allows the company to optimize the capital structure based on market conditions and investor preferences at the time of issuance.

Strategic Implications

The QIP approval represents an important corporate development for InterArch Building Solutions, enabling access to institutional funding. Qualified Institutional Placements serve as an efficient mechanism for companies to raise capital from sophisticated institutional investors, including mutual funds, insurance companies, and foreign institutional investors.

The ₹100 crore fundraising capacity provides the company with substantial financial resources that can be deployed for various corporate purposes as determined by the management and board of directors.