Interarch Q2 FY27 Revenue Rises 3% YoY to ₹505.38 Crore

Date: 04th November, 2026

Board Meeting Outcomes

The Board of Directors at its meeting held on November 04, 2026, which commenced at 03:30 P.M. (IST) and concluded at 04:23 P.M. (IST), considered and approved the following matters:

Standalone Unaudited Financial Results for the quarter ended September 30, 2026.
Resignation of Ms. Sonali Bhagwati Dalal from the position of Chairperson.
Change in designation and elevation of Mr. Arvind Nanda from Managing Director to Whole-Time Director, designated as "Executive Chairperson".
Change in designation and elevation of Mr. Manish Kumar Garg from Executive Director & CEO to Managing Director & CEO, along with a revision in his remuneration.

The decisions regarding the changes in designations for Mr. Nanda and Mr. Garg are subject to the approval of the shareholders of the Company and such other approvals as may be necessary.

KMP / Board Changes

Resignation

Name: Ms. Sonali Bhagwati Dalal
Designation: Chairperson of the Board
Type of Change: Resignation
Effective Date: Close of business hours on 04th November, 2026.
Continuing Role: She shall continue to serve as a Non-Executive Independent Director of the Company.

Appointments / Elevations

Name: Mr. Arvind Nanda
Previous Designation: Managing Director
New Designation: Whole-Time Director, designated as "Executive Chairperson"
Effective Date: 05th November, 2026
Term: A consecutive term of five (5) years.
Basis: Based on the recommendation of the Nomination and Remuneration Committee.

Name: Mr. Manish Kumar Garg
Previous Designation: Executive Director & CEO
New Designation: Managing Director & CEO
Effective Date: 05th November, 2026
Term: A consecutive term of five (5) years.
Other Details: Along with a revision in his remuneration.
Basis: Based on the recommendation of the Nomination and Remuneration Committee.

Financial Results (Standalone Unaudited)

Period: Quarter and Half Year Ended September 30, 2026 (Reviewed by Audit Committee)

Currency: ₹ in lakhs (1 lakh = 100,000)

Profit & Loss Statement

| Revenue from operations | 50,538.33 | 45,064.62 | 49,208.62 | 96,502.95 | 87,186.11 | 1,89,800.10 |

| Other income | 43.02 | 300.02 | 600.40 | 743.04 | 1,593.70 | 2,862.55 |

| Total Income | 50,581.35 | 45,364.64 | 49,809.02 | 97,246.09 | 88,779.81 | 1,92,662.65 |

| Total Expenses | 48,492.49 | 42,509.40 | 45,358.94 | 89,401.99 | 80,651.70 | 1,73,838.99 |

| Profit before exceptional items and tax | 2,088.86 | 3,755.24 | 4,350.08 | 7,844.10 | 8,128.11 | 18,823.66 |

| Exceptional Item (Impact of new Labour Codes) | - | - | - | - | - | (3,324.23) |

| Profit before tax | 2,088.86 | 3,755.24 | 4,350.08 | 7,844.10 | 8,128.11 | 15,499.43 |

| Total income tax expense | 1,019.51 | 930.64 | 1,122.10 | 1,950.15 | 2,062.24 | 5,046.94 |

| Profit for the period/year | 1,069.35 | 2,820.60 | 3,227.98 | 5,893.95 | 6,065.87 | 10,452.49 |

| Other comprehensive income (net of tax) | 73.97 | 73.97 | 8.06 | 147.54 | 16.10 | 295.07 |

| Total comprehensive income | 1,143.32 | 2,894.57 | 3,236.04 | 6,041.49 | 6,081.97 | 10,747.56 |

| Paid-up equity share capital (Face value of ₹10/-) | 1,681.70 | 1,677.19 | 1,677.19 | 1,681.70 | 1,677.19 | 1,677.19 |

| Other equity | 90,637.24 | Not Provided | Not Provided | 90,637.24 | Not Provided | 86,434.59 |

| Basic EPS (₹) | 6.27 | 16.84 | 19.25 | 35.11 | 36.17 | 80.41 |

| Diluted EPS (₹) | 6.18 | 16.74 | 19.15 | 34.90 | 35.98 | 79.86 |

Balance Sheet Highlights (Standalone)

| Particulars | As at 30.09.2026 (Unaudited) | As at 31.03.2026 (Audited) |

| Total Assets | 1,40,952.56 | 1,30,097.09 |

| Non-current assets | 58,123.37 | 51,022.28 |

| Current assets | 82,829.19 | 79,074.81 |

| Total Equity | 92,318.94 | 88,111.78 |

| Equity share capital | 1,681.70 | 1,677.19 |

| Other equity | 90,637.24 | 86,434.59 |

| Total Liabilities | 48,633.62 | 41,985.31 |

Cash Flow Highlights (Standalone, Half Year Ended)

| Particulars | 30.09.2026 (Unaudited) | 30.09.2025 (Unaudited) |

| Net cash flows from operating activities | 8,527.20 | 4,195.85 |

| Net cash flows (used in)/from investing activities | (2,147.02) | 2,282.87 |

| Net cash flows used in financing activities | (2,372.08) | (671.55) |

| Net Increase in cash and cash equivalents | 4,008.10 | 5,807.17 |

| Cash and cash equivalents at half year end | 6,068.60 | 14,279.43 |

Auditor’s Report

Auditor Name: S.R. Batliboi & Co LLP

Location: New Delhi

Type of Opinion: Unmodified Review Conclusion

Conclusion: "...nothing has come to our attention that causes us to believe that the accompanying Statement... has not disclosed the information required... or that it contains any material misstatement."

Emphasis of Matter:

The auditors drew attention to Note 8 regarding a search and survey conducted by the Income Tax Department from August 18, 2025, to August 22, 2025, under Section 132 and 133A of the Income-Tax Act, 1961. The conclusion is not modified in respect of this matter.

Other Operational / Strategic Disclosures

1. IPO Proceeds Utilization: As of September 30, 2026, ₹674.42 lakhs of IPO net proceeds (₹18,809.79 lakhs) remained unutilized. ₹674.00 lakhs was invested in fixed deposits pending utilization.

2. Income Tax Search & Survey (Note 8): The Income Tax Department conducted search proceedings from August 18-22, 2025. The company has filed a block assessment return and responded to subsequent notices (dated Sept 14, 2026, and Oct 23, 2026). As of the report date, no assessment or demand order has been received. Management is of the view that no material adjustment is required in these results.

3. Exceptional Item (Note 9): An amount of ₹3,324.23 lakhs was recognized as an exceptional item (past service cost) in the year ended March 31, 2026, due to changes from the new Labour Codes.

4. Share Sub-Division: The Board and shareholders have approved the sub-division of 1 equity share of ₹10 each into 5 equity shares of ₹2 each. The record date is fixed for November 30, 2026. EPS figures are not adjusted for this pending sub-division.

5. Fundraising: The Board and shareholders have approved raising funds of up to ₹25,000 lakhs through a Qualified Institutional Placement (QIP).

6. Dividend: During the quarter, the company paid a final dividend of ₹12.5 per share for FY 2025-26, aggregating to ₹2,099.99 lakhs.

7. ESOPs (Note 6): Under the ESOP 2023 plan, 25,450 options were granted during the half-year ended Sept 30, 2026. 45,179 options were exercised during the quarter ended Sept 30, 2026.

8. Segment Information: The company operates as a single segment (manufacturing, supply, erection and installation of pre-engineered buildings, metal roofing & cladding system and metal false ceilings).