Interarch Building Solutions has successfully secured a major contract worth approximately Rs 44 crore, marking a significant business achievement for the company. The contract was awarded by a domestic customer for comprehensive pre-engineered steel building solutions, as disclosed under Regulation 30 of SEBI Listing Regulations.

Contract Specifications

The contract encompasses a complete turnkey solution including design, engineering, manufacturing, supply and erection of Pre-Engineered Steel Building System. The project has been structured with a 7-month completion period and includes a 5% advance payment along with the order placement.

Project Scope

The comprehensive nature of this contract demonstrates the company's integrated capabilities across the entire project lifecycle. The scope covers complete design and engineering services, followed by manufacturing of steel building components, supply chain management, and on-site erection activities.

Business Impact

This contract win positions Interarch Building Solutions favorably in terms of revenue generation and project execution capabilities. The substantial value of approximately Rs 44 crore reflects the company's ability to compete for and secure major contracts in the pre-engineered steel building sector.

The successful acquisition of this contract demonstrates the company's market presence and its capacity to deliver comprehensive building solutions. The 7-month execution timeline indicates the company's confidence in its operational efficiency and project management capabilities.

Market Position

The contract award underscores Interarch Building Solutions' competitive positioning in the pre-engineered steel building industry. The ability to secure contracts of this magnitude reflects the company's technical capabilities, integrated service offerings, and client confidence in its project delivery track record.

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.