StockWatch
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Civil Construction
Split6 Aug 2026, 07:30 pm

Interarch Building Solutions Approves Stock Split & ₹250 Cr QIP

AI Summary

Interarch Building Solutions Limited's Board of Directors has approved a stock split, reducing the face value of equity shares from ₹10 to ₹2. This move is subject to shareholder and other necessary approvals. The company also approved a Qualified Institutions Placement (QIP) to raise up to ₹250 Crores, superseding a previous approval for ₹100 Crores. Additionally, the board approved the standalone unaudited financial results for the quarter ended June 30, 2026, and the allotment of 45,415 equity shares pursuant to ESOP exercise. The Memorandum of Association's capital clause will be altered to reflect the stock split.

Key Highlights

  • Board approved stock split: ₹10 FV to ₹2 FV.
  • Proposed QIP to raise up to ₹250 Crores.
  • Approved Q2 FY27 unaudited financial results.
  • Approved allotment of 45,415 shares via ESOP.
  • MOA capital clause alteration approved.