StockWatch
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Civil Construction
Board Meeting6 Aug 2026, 07:51 pm

Interarch Approves Stock Split, ₹250 Cr QIP, and Financial Results

AI Summary

Interarch Building Solutions Limited's Board of Directors, in a meeting held on August 6, 2026, approved the standalone unaudited financial results for the quarter ended June 30, 2026. Key decisions also included a stock split of existing equity shares (face value ₹10 to ₹2), subject to shareholder approval, and an alteration of the Memorandum of Association's capital clause. Additionally, the board approved the allotment of 45,415 equity shares under the ESOP scheme and a proposal to raise up to ₹250 Crores through a Qualified Institutions Placement (QIP), superseding a previous ₹100 Crores approval. The company also notified stock exchanges of these developments.

Key Highlights

  • Board approved Q1 FY27 unaudited financial results.
  • Approved stock split of equity shares (₹10 to ₹2 face value).
  • Proposed raising up to ₹250 Crores via Qualified Institutions Placement (QIP).
  • Approved allotment of 45,415 equity shares under ESOPs.
  • MOA capital clause alteration approved, subject to shareholder nod.