Interarch Building Solutions seeks Rs 25,000.00 lakhs via Qualified Institutional Placement for expa Back
Interarch Building Solutions Limited, formerly Interarch Building Products Limited, has announced unaudited financial results for the quarter ended June 30, 2026, alongside disclosures regarding a stock split and a Qualified Institutional Placement (QIP). The company, which operates in a single segment focused on pre-engineered buildings, metal roofing, cladding, and false ceilings, has received board approval for a QIP to raise up to Rs 25,000.00 lakhs for capital expenditure projects. Shareholders can anticipate a 1:5 stock split within three months of receiving approvals, intended to increase liquidity and broaden the shareholder base. As of June 30, 2026, Rs 1,498.00 lakhs of IPO proceeds remain unutilized, held in fixed deposits and a bank account, while Rs 943.92 lakhs were recently transferred between company accounts using IPO funds. The company is also undergoing a tax assessment for income tax returns filed between 2019 and 2025.