ALPHA TRIBE

Interarch Building Solutions LimitedOthers, 14-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

14-08-2025 | 03:22 pm

Interarch Building Solutions has reported a variation in the use of its Initial Public Offer funds, as approved by shareholders. The company has reallocated Rs 5.00 Cr from its original project capital expenditure and Rs 4.50 Cr from facility upgradation. A total of Rs 9.50 Cr has been redirected to acquire new land for a second manufacturing facility in Andhra Pradesh. This strategic land acquisition, adjacent to existing property, aims to capitalize on market opportunities and bolster the company's competitive edge in the growing region. Additionally, Rs 0.89 Cr surplus from offer expenses has been adjusted to General Corporate Purposes.

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