Interarch Building Solutions CEO, MD, chairman, board of directors and AGM
NSE: INTERARCHBSE: 544232ConstructionSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1,508.80.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹2,505 Cr951st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 6 Aug 2026
- 18.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 13 May 2026
- 2.8
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.84%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 6 Aug 2026
- 16.5%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 6 Aug 2026
- 18.8%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 13 May 2026
- 0.02
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 92,87061.2% delivered
Interarch Building Solutions board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorARVIND NANDA
- ChairpersonSONALI BHAGWATI DALAL
- Chief executiveMANISH KUMAR GARG
- Company Secretary and Compliance OfficerNIDHI GOEL
10 directors5 independent4 executive1 non-executive
- ARVIND NANDA · Managing directorExecutive · joined Nov 1983 · reappointed Aug 2021 · 1 listed board · 1 committee seat
- GAUTAM SURIExecutive · joined Nov 1983 · reappointed Jan 2024 · 1 listed board · 1 committee seat
- ISHHAN SURINon-executive · joined Sep 2011 · reappointed Mar 2024 · 1 listed board · 1 committee seat
- VIRAJ NANDAExecutive · joined Feb 2017 · reappointed Apr 2025 · 1 listed board
- SANJIV BHASINIndependent · joined Jan 2024 · 29 months as independent · 2 listed boards · 2 as independent · 3 committee seats, 2 as chair
- MOHIT GUJRALIndependent · joined Jan 2024 · 29 months as independent · 1 listed board · 1 as independent
- SONALI BHAGWATI DALAL · ChairpersonIndependent · joined Jan 2024 · 29 months as independent · 1 listed board · 1 as independent · 1 committee seat
- ADITYA VIJIndependent · joined Aug 2025 · 10 months as independent · 1 listed board · 1 as independent · 1 committee seat
- ANOOP KUMAR MITTALIndependent · joined Aug 2025 · 10 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 2 as chair
- MANISH KUMAR GARG · Chief executiveExecutive · joined Feb 2026 · 1 listed board
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 13 May 202610 of 10 present5 independent · 99 days in between
- 2 Feb 20268 of 9 present4 independent
Audit Committee
Chair SANJIV BHASIN
SONALI BHAGWATI DALAL, ADITYA VIJ, ANOOP KUMAR MITTAL
- 13 May 20263 of 4 present3 independent · 99 days in between
- 2 Feb 20263 of 4 present3 independent
Nomination and remuneration committee
Chair ADITYA VIJ
ISHAAN SURI, MOHIT GUJRAL, SANJIV BHASIN
- 2 Feb 20264 of 4 present3 independent
Stakeholders Relationship Committee
Chair ANOOP KUMAR MITTAL
ARVIND NANDA, GAUTAM SURI, ISHHAN SURI
- 17 Mar 20264 of 4 present1 independent · 7 days in between
Risk Management Committee
Chair GAUTAM SURI
SANJIV BHASIN, ARVIND NANDA
- 9 Mar 20263 of 3 present1 independent · 40 days in between
Corporate Social Responsibility Committee
Chair ARVIND NANDA
GAUTAM SURI, SONALI BHAGWATI DALAL
- 27 Jan 20262 of 3 present0 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- S.R. Batliboi & Co. LLPPeer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Interarch Building Solutions AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Interarch Building Solutions dividend history
Annual general meeting, 10 Sep 2026
63,988 shareholders on the register on 3 Sep 2026; present: 4 promoters and 163 others; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result (opens in a new tab)
- TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREONOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.42%
Turnout: all 66.19% · promoters 100.00% · institutions 62.94% · other public 1.41%
- TO DECLARE FINAL DIVIDEND ON EQUITY SHARES FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.70%
Turnout: all 66.19% · promoters 100.00% · institutions 62.94% · other public 1.41%
- TO CONSIDER RE-APPOINTMENT OF MR. GAUTAM SURI AS A DIRECTOR OF THE COMPANY, LIABLE TO RETIRE BY ROTATIONOrdinaryPromoters have an interest in it98.52% for1.48% against
Against: promoters 0.00% · institutions 9.12% · other public 0.49%
Turnout: all 40.15% · promoters 56.07% · institutions 62.94% · other public 1.41%
- TO RATIFY THE REMUNERATION OF THE COST AUDITORS APPOINTED BY THE BOARD OF DIRECTORS OF THE COMPANY, FOR THE FINANCIAL YEAR ENDING MARCH 31, 2027Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.82%
Turnout: all 66.18% · promoters 100.00% · institutions 62.94% · other public 1.38%
- RENEWAL OF THE EXISTING BORROWING POWERS UNDER SECTION 180(1)(c) OF THE COMPANIES ACT, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.56%
Turnout: all 66.19% · promoters 100.00% · institutions 62.94% · other public 1.40%
- CREATION OF CHARGES, MORTGAGES, HYPOTHECATION ON THE IMMOVABLE AND MOVABLE PROPERTIES OF THE COMPANY UNDER SECTION 180(1)(a) OF THE COMPANIES ACT, 2013Special99.22% for0.78% against
Against: promoters 0.00% · institutions 7.89% · other public 0.27%
Turnout: all 66.18% · promoters 100.00% · institutions 62.94% · other public 1.37%
- TO INCREASE IN THRESHOLD OF LOANS/ GUARANTEES, PROVIDING OF SECURITIES AND MAKING OF INVESTMENTS IN SECURITIES UNDER SECTION 186 OF THE COMPANIES ACT, 2013Special91.57% for8.43% against
Against: promoters 0.00% · institutions 85.88% · other public 0.75%
Turnout: all 66.18% · promoters 100.00% · institutions 62.94% · other public 1.38%
- TO APPROVE RAISING OF FUNDS BY WAY OF ISSUANCE OF EQUITY SHARES THROUGH QUALIFIED INSTITUTIONS PLACEMENT (QIP)Special99.41% for0.59% against
Against: promoters 0.00% · institutions 6.02% · other public 0.49%
Turnout: all 66.19% · promoters 100.00% · institutions 62.94% · other public 1.40%
- TO APPROVE SUB-DIVISION (STOCK SPILIT) OF EQUITY SHARES OF THE COMPANY FROM ` 10 EACH TO ` 2 EACH FULLY PAID-UPOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.19%
Turnout: all 66.19% · promoters 100.00% · institutions 62.94% · other public 1.41%
- TO APPROVE ALTERATION OF CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANYOrdinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.55%
Turnout: all 66.18% · promoters 100.00% · institutions 62.94% · other public 1.38%
- TO CONSIDER AND APPROVE THE VARIATION IN TERMS OF OBJECTS OF THE ISSUESpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.75%
Turnout: all 66.18% · promoters 100.00% · institutions 62.94% · other public 1.38%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 27 Mar 2026, 3 resolutions
73,785 shareholders on the register on 20 Feb 2026; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result (opens in a new tab)
- TO CONSIDER AND APPROVE THE VARIATION IN TERMS OF OBJECTS OF THE ISSUESpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.52%
Turnout: all 65.75% · promoters 100.00% · institutions 64.23% · other public 0.69%
- APPOINTMENT OF MR. MANISH KUMAR GARG (DIN: 09083957) AS AN EXECUTIVE DIRECTOR OF THE COMPANYSpecial99.88% for0.12% against
Against: promoters 0.00% · institutions 1.31% · other public 0.20%
Turnout: all 65.72% · promoters 100.00% · institutions 64.23% · other public 0.59%
- TO APPROVE RAISING OF FUNDS BY WAY OF ISSUANCE OF EQUITY SHARES THROUGH QUALIFIED INSTITUTIONS PLACEMENT (QIP)Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.24%
Turnout: all 65.75% · promoters 100.00% · institutions 64.23% · other public 0.69%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Sep 2025, 10 resolutions
66,869 shareholders on the register on 18 Sep 2025; present: 4 promoters and 63 others; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result (opens in a new tab)
1 - TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025,TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON;MoreLess
Ordinary99.98% for0.02% againstAgainst: promoters 0.00% · institutions 0.00% · other public 4.11%
Turnout: all 67.17% · promoters 100.00% · institutions 57.65% · other public 1.40%
- 2 - TO DECLARE FINAL DIVIDEND ON EQUITY SHARES FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 4.06%
Turnout: all 67.17% · promoters 100.00% · institutions 57.65% · other public 1.40%
- 3 - TO CONSIDER RE-APPOINTMENT OF MR. ISHAAN SURI AS A DIRECTOR OF THE COMPANY, LIABLE TO RETIRE BY ROTATIONOrdinaryPromoters have an interest in it99.47% for0.53% against
Against: promoters 0.00% · institutions 4.16% · other public 4.13%
Turnout: all 38.23% · promoters 56.07% · institutions 35.44% · other public 1.40%
- 4 - TO APPROVE THE RE-APPOINTMENT OF MR.ARVIND NANDA (DIN: 00149426) AS MANAGING DIRECTORSpecialPromoters have an interest in it99.95% for0.05% against
Against: promoters 0.00% · institutions 0.00% · other public 4.13%
Turnout: all 33.85% · promoters 43.93% · institutions 57.65% · other public 1.40%
- 5 - TO RATIFY THE REMUNERATION OF THE COST AUDITORS APPOINTED BY THE BOARD OF DIRECTORS OF THE COMPANY, FOR THE FINANCIAL YEAR ENDING MARCH 31, 2026Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 4.16%
Turnout: all 67.17% · promoters 100.00% · institutions 57.65% · other public 1.40%
- 6 - TO APPROVE THE APPOINTMENT OF M/S. APR & ASSOCIATES, COMPANY SECRETARIES AS SECRETARIAL AUDITOR OF THE COMPANY FOR A FIRST TERM OF FIVE YEARSOrdinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 4.11%
Turnout: all 67.17% · promoters 100.00% · institutions 57.65% · other public 1.40%
- 7 - TO APPROVE THE APPOINTMENT OF MR. ADITYA VIJ (DIN: 03200194) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A PERIOD OF 5 (FIVE) YEARS W.E.F. AUGUST 07, 2025Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 4.11%
Turnout: all 67.17% · promoters 100.00% · institutions 57.65% · other public 1.40%
- 8 - TO APPROVE THE APPOINTMENT OF MR.ANOOP KUMAR MITTAL (DIN: 05177010) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A PERIOD OF 5 (FIVE) YEARS W.E.F. August 07,2025Special99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 4.11%
Turnout: all 67.17% · promoters 100.00% · institutions 57.65% · other public 1.40%
- 9 - TO APPROVE INCREASE IN BORROWING LIMITS OF THE COMPANYSpecial99.47% for0.53% against
Against: promoters 0.00% · institutions 4.61% · other public 4.23%
Turnout: all 67.17% · promoters 100.00% · institutions 57.65% · other public 1.40%
- 10 - TO APPROVE SELL, LEASE OR OTHERWISE DISPOSE OFF WHOLE OR SUBSTANTIALLY WHOLE OF ANY OF UNDERTAKING/S OF THE COMPANYSpecial99.47% for0.53% against
Against: promoters 0.00% · institutions 4.61% · other public 4.28%
Turnout: all 67.17% · promoters 100.00% · institutions 57.65% · other public 1.40%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 3 May 2025, 2 resolutions
69,129 shareholders on the register on 28 Mar 2025; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result (opens in a new tab)
- Approve the variation in terms of objects of the issue.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 2.88%
Turnout: all 63.46% · promoters 94.18% · institutions 62.16% · other public 0.26%
- Approve the re-designation and appointment of Mr. Viraj Nanda (DIN: 07711708) as an Executive Director of the Company.SpecialPromoters have an interest in it98.39% for1.61% against
Against: promoters 0.00% · institutions 7.68% · other public 2.20%
Turnout: all 33.36% · promoters 43.93% · institutions 62.16% · other public 0.26%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 22 Feb 2025, 4 resolutions
68,242 shareholders on the register on 17 Jan 2025; votes counted by CS Vineet K Chaudhary / VKC & Associates.The company's voting result (opens in a new tab)
1 - To consider and approve the change of name of the Company and consequential amendment to Memorandum of Association and Articles of Association of the Company and in this regard, to consider and if thought fit.MoreLess
Special100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.03%
Turnout: all 70.32% · promoters 100.00% · institutions 77.63% · other public 21.81%
- 2 - To consider and approve the variation in terms of objects of the issue to consider and if thought fit.Special98.34% for1.66% against
Against: promoters 0.00% · institutions 12.22% · other public 0.03%
Turnout: all 70.32% · promoters 100.00% · institutions 77.63% · other public 21.81%
- 3- To consider and approve Ratification of the Employee Stock Option Plan 2023 (INTERARCH ESOP 2023).Special95.94% for4.06% against
Against: promoters 0.00% · institutions 29.82% · other public 0.06%
Turnout: all 70.32% · promoters 100.00% · institutions 77.63% · other public 21.81%
- 4 - To consider and approve ratification of the extension of the benefits under the “INTERARCH EMPLOYEE STOCK OPTION PLAN 2023”to the Employees of Subsidiary companies of the company.Special95.94% for4.06% against
Against: promoters 0.00% · institutions 29.82% · other public 0.07%
Turnout: all 70.32% · promoters 100.00% · institutions 77.63% · other public 21.81%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.
Mutual fund votes, meeting of 10 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
- TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON1 for0 against
- TO DECLARE FINAL DIVIDEND ON EQUITY SHARES FOR THE FINANCIAL YEAR ENDED MARCH 31, 20261 for0 against
- TO CONSIDER RE-APPOINTMENT OF MR. GAUTAM SURI AS A DIRECTOR OF THE COMPANY, LIABLE TO RETIRE BY ROTATION
Against Navi Mutual Fund
- Navi Mutual FundNo concern on merit, time commitment and attendance of the proposed appointee. Transparency Concern: The proposed Executive director is 73 years of age and the approval has been sought through Ordinary resolution, however, there is no clarity on whether approval via Special resolution has been sought for continuation of his directorship beyond the age of 70 years.
0 for1 against - TO RATIFY THE REMUNERATION OF THE COST AUDITORS APPOINTED BY THE BOARD OF DIRECTORS OF THE COMPANY, FOR THE FINANCIAL YEAR ENDING MARCH 31, 20271 for0 against
- RENEWAL OF THE EXISTING BORROWING POWERS UNDER SECTION 180(1)(c) OF THE COMPANIES ACT, 20131 for0 against
- CREATION OF CHARGES, MORTGAGES, HYPOTHECATION ON THE IMMOVABLE AND MOVABLE PROPERTIES OF THE COMPANY UNDER SECTION 180(1)(a) OF THE COMPANIES ACT, 20131 for0 against
- TO INCREASE IN THRESHOLD OF LOANS/ GUARANTEES, PROVIDING OF SECURITIES AND MAKING OF INVESTMENTS IN SECURITIES UNDER SECTION 186 OF THE COMPANIES ACT, 2013
Against Navi Mutual Fund
- Navi Mutual FundCompliant with law. Governance and Transparency Concern: The Company is seeking blanket / umbrella approval without adequate disclosures of full particulars of loans/ guarantees/ investments to be provided.
0 for1 against - TO APPROVE RAISING OF FUNDS BY WAY OF ISSUANCE OF EQUITY SHARES THROUGH QUALIFIED INSTITUTIONS PLACEMENT (QIP)1 for0 against
- TO APPROVE SUB-DIVISION (STOCK SPILIT) OF EQUITY SHARES OF THE COMPANY FROM ` 10 EACH TO ` 2 EACH FULLY PAID-UP1 for0 against
- TO APPROVE ALTERATION OF CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY1 for0 against
- TO CONSIDER AND APPROVE THE VARIATION IN TERMS OF OBJECTS OF THE ISSUE1 for0 against
Mutual fund votes, meeting of 27 Mar 2026, 2 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- TO CONSIDER AND APPROVE THE VARIATION IN TERMS OF OBJECTS OF THE ISSUE1 for0 against
- APPOINTMENT OF MR. MANISH KUMAR GARG (DIN: 09083957) AS AN EXECUTIVE DIRECTOR OF THE COMPANY1 for0 against
- TO APPROVE RAISING OF FUNDS BY WAY OF ISSUANCE OF EQUITY SHARES THROUGH QUALIFIED INSTITUTIONS PLACEMENT (QIP)1 for0 against
3 proposals not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
- Item 2, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundManish Garg, 53, is the CEO of Interarch Building Solutions with over 30 years of experience in the metal buildings and pre-engineered buildings (PEB) domain. He was previously associated with the company as General Manager (Marketing) from 1994-2007. Subsequently, he served as President and CEO – (steel building business) at Everest Industries Limited He was appointed as CEO of the company on 9 August 2021. He will continue to draw the same remuneration as currently being paid in his capacity as CEO, along with the applicable perquisites and benefits. Manish Garg’s remuneration (including fair value of options granted) aggregated Rs. 41.4 mn in FY25. We estimate his annual remuneration at Rs. 21.4 mn (excluding fair value of stock options). We raise concern that the company has not disclosed the quantum of stock options to be granted to him during his tenure. In the absence of information, we are unable to make a reasonable estimate of his overall proposed executive remuneration. The company must cap his aggregate remuneration in absolute terms and disclose performance metrics that determine the variable pay. While we support his appointment, we are unable to support the resolution given the lack of clarity about the remuneration terms.
0 for1 against - Item 3, as a fund house numbered it1 for0 against
3 earlier meetings
Mutual fund votes, meeting of 25 Sep 2025, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
1 - TO RECEIVE, CONSIDER AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025,TOGETHER WITH THE REPORTS OF THE BOARD OF DIRECTORS AND THE AUDITORS THEREON;MoreLess
3 for0 against- 2 - TO DECLARE FINAL DIVIDEND ON EQUITY SHARES FOR THE FINANCIAL YEAR ENDED MARCH 31, 20253 for0 against
- 3 - TO CONSIDER RE-APPOINTMENT OF MR. ISHAAN SURI AS A DIRECTOR OF THE COMPANY, LIABLE TO RETIRE BY ROTATION3 for0 against
- 4 - TO APPROVE THE RE-APPOINTMENT OF MR.ARVIND NANDA (DIN: 00149426) AS MANAGING DIRECTOR3 for0 against
- 5 - TO RATIFY THE REMUNERATION OF THE COST AUDITORS APPOINTED BY THE BOARD OF DIRECTORS OF THE COMPANY, FOR THE FINANCIAL YEAR ENDING MARCH 31, 20261 for0 against
- 6 - TO APPROVE THE APPOINTMENT OF M/S. APR & ASSOCIATES, COMPANY SECRETARIES AS SECRETARIAL AUDITOR OF THE COMPANY FOR A FIRST TERM OF FIVE YEARS3 for0 against
- 7 - TO APPROVE THE APPOINTMENT OF MR. ADITYA VIJ (DIN: 03200194) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A PERIOD OF 5 (FIVE) YEARS W.E.F. AUGUST 07, 20253 for0 against
- 8 - TO APPROVE THE APPOINTMENT OF MR.ANOOP KUMAR MITTAL (DIN: 05177010) AS AN INDEPENDENT DIRECTOR OF THE COMPANY FOR A PERIOD OF 5 (FIVE) YEARS W.E.F. August 07,20253 for0 against
- 9 - TO APPROVE INCREASE IN BORROWING LIMITS OF THE COMPANY1 for0 against
- 10 - TO APPROVE SELL, LEASE OR OTHERWISE DISPOSE OFF WHOLE OR SUBSTANTIALLY WHOLE OF ANY OF UNDERTAKING/S OF THE COMPANY2 for0 against
3 proposals not matched to one resolution
- Approve hypothecation/mortgage/pledge/ creation of charge on movable and immovable properties to secure borrowings of the company upto Rs. 15.0 bn1 for0 against
Ratification of remuneration of Rs. 75000/- plus applicable taxes and reimbursement of actual travel and out of pocket expenses, to be paid to JSN and Co. Cost Accountants as Cost Auditors (Membership Registration No. 455) as Cost Auditors of the Company for conducting the cost audit for financial year 2025-26.MoreLess
2 for0 againstTo borrow any sum or sums of money from time to time at their discretion for the purpose of the business of the Company, from any one or more banks, financial institutions, mutual funds and other persons, firms, bodies corporate or by way of loans or credit facilities (fund based or non-fund based) or by issue of bonds with or without security as the Board may think fit, which together with the moneys already borrowed by the Company (apart from the temporary loans obtained from the bankers of the Company in the ordinary course of business) and being borrowed by the Board at any time shall not exceed in the aggregate at any time Rs. 1500 Crores irrespective of the fact that such aggregate amount of borrowings outstanding at any one time may exceed the aggregate for the time being of the paid-up capital of the Company and its free reserves that is to say reserves not set apart for any specific purpose.MoreLess
2 for0 against
Mutual fund votes, meeting of 3 May 2025, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
- Approve the variation in terms of objects of the issue.2 for0 against
- Approve the re-designation and appointment of Mr. Viraj Nanda (DIN: 07711708) as an Executive Director of the Company.
Against Taurus Mutual Fund
- Taurus Mutual FundViraj Nanda, 28, son of Arvind Nanda, promoter and MD, has been a Non-Executive Director since 14 February 2017. The company proposes to redesignate and appoint him as executive director from 1 April 2025. The resolution does not provide a tenure for his appointment as executive director – nevertheless, we recognize that the maximum tenure is five years under regulations. The company must articulate his roles and responsibilities as executive director. Viraj Nanda’s FY24 remuneration aggregated Rs. 1.6 mn in non-executive capacity. His maximum estimated remuneration in executive capacity aggregates Rs. 6.7 mn annually. While we support the remuneration, we do not support his appointment because at twenty-eight years of age and with less than ten years of relevant work experience, his appointment does not align with our voting guidelines. His redesignation will result in four promoter directors (three executive and one non-executive) on the board, which is high for the size of the company and deters from attracting the right talent to the company. Viraj Nanda is a member of the NRC: we believe the NRC must comprise only of nonconflicted/non-tenured independent directors to avoid potential conflict of interest. Additionally, a FIR has been filed against him and other promoters for allegedly absconding from construction obligations and a case alleging misappropriation of Rs. 7.5 mn is currently pending in court.
2 for1 against
1 proposal not matched to one resolution
- Item 1, as a fund house numbered it1 for0 against
Mutual fund votes, meeting of 22 Feb 2025, 3 fund houses
Each resolution counts the houses whose vote was matched to it; the rest are listed last.
1 - To consider and approve the change of name of the Company and consequential amendment to Memorandum of Association and Articles of Association of the Company and in this regard, to consider and if thought fit.MoreLess
3 for0 against- 2 - To consider and approve the variation in terms of objects of the issue to consider and if thought fit.2 for0 against
- 3- To consider and approve Ratification of the Employee Stock Option Plan 2023 (INTERARCH ESOP 2023).
Against Mirae Asset Mutual Fund, Taurus Mutual Fund
- Mirae Asset Mutual FundESOP pricing at significant discount to market price (high discount implies non-alignment of potential future growth for shareholder and ESOP holders)
- Taurus Mutual FundThe ‘Interarch Employee Stock Option Plan 2023 (ESOP 2023) was approved prior to listing by shareholders at 2023 AGM held on 18 August 2023 and was amended on 8 March 2024. As per company’s red herring prospectus (RHP), 273,750 stock options have already been granted pre-IPO at an exercise price of Rs. 250 per option. Under the ESOP 2023, exercise price is at the discretion of the Nomination and Remuneration Committee (NRC) and its may be different for different set of employees for options granted on same/different dates. The NRC may determine the vesting criteria which may include performance based or time-based conditions or a mix of both. Further, the maximum vesting period has not been disclosed as it will be specified in the grant letter. We do not favour ESOP schemes where options are granted at a significant discount to market price. In the case of deeply discounted options, there is no alignment between the interests of investors and those of employees. We make an exception in cases where the vesting of such options is mandatorily linked to pre-defined performance parameters and the company has disclosed the targets for such parameters. Since there is no clarity on the vesting criteria, maximum vesting period and exercise price at which options will be granted, we do not support the resolution.
1 for2 against - 4 - To consider and approve ratification of the extension of the benefits under the “INTERARCH EMPLOYEE STOCK OPTION PLAN 2023”to the Employees of Subsidiary companies of the company.
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundLinked to #3. ESOP pricing at significant discount to market price (high discount implies non-alignment of potential future growth for shareholder and ESOP holders)
1 for1 against
2 proposals not matched to one resolution
- Item 2, as a fund house numbered it1 for0 against
- Item 4, as a fund house numbered it
Against Taurus Mutual Fund
- Taurus Mutual FundThrough a separate resolution #4, the company seeks shareholder approval to extend the scheme to employees of subsidiary companies. Our view on this resolution is linked to our view on resolution #3. Thus, we do not support this resolution.
0 for1 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltySh. BALAJI KADAVEL IRS, Joint Commisioner , Appeal II,Since 9 Jun 2026
Appeal Rejection Order
Audit Conducted for 2017 to 2022 and Demand of Rs.73,65,769.00 raised by the department against which company filed the Appeal and now the same is rejected by Joint Commiosner The company will file an appeal in due course against this order in TribunalMoreLess
- Tax disputeState Tax Authority, UttarakhandSince 12 Dec 2023Final Order pending at High CourtAt the filing before: Pending at High Court, Nainital
- Tax disputeAgrima Roof and FaçadeSince 16 Mar 2026Last hearing was held on 25.06.2026. Next date of hearing has not yet been notified.At the filing before: It is an MSME Case, First Hearing is still pending for listing
- Tax disputeCenterlised Processing Centre Income Tax Department Bengaluru, (CPC)Since 21 Apr 2026The appeal proceedings are ongoing and haven’t been concluded as on 30 June 2026At the filing before: Appeal Filed on dated 19-05-2026
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A statement's amounts are left out where the raise it states and its own uses differ by fifty times or more, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesAug 2024, checked by CRISIL LIMITED | – | Financing the capital expenditure towards setting up the Project | – | – | No |
| Public IssuesAug 2024, checked by CRISIL LIMITED | – | Financing the capital expenditure towards upgradation of the Kichha Manufacturing Facility, Tamil Nadu Manufacturing Facility I ,Tamil Nadu Manufacturing Facility II and Pant Nagar | – | – | No |
| Public IssuesAug 2024, checked by CRISIL LIMITED | – | Funding investment in information technology assets for upgradation of existing information technology infrastructure of the Company | – | – | No |
| Public IssuesAug 2024, checked by CRISIL LIMITED | – | Funding incremental working capital requirements | – | – | No |
| Public IssuesAug 2024, checked by CRISIL LIMITED | – | General corporate purposes (GCP)* | – | – | No |
| Public IssuesAug 2024, checked by CRISIL LIMITED | – | Towards Manufacturing Facility - II at Andhra Pradesh for the final payment towards the new land acquistion | – | – | No |
| Public IssuesAug 2024, checked by CRISIL LIMITED | – | Civil and PEB of AP Heavy Facility -II at Andhra Pradesh | – | – | No |