Interarch Building Solutions Secures Rs.44 Crore Domestic Order
Filing Summary
Interarch Building Solutions Ltd has secured a domestic order valued at approximately Rs.44 Crores plus tax. The order involves the design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system. The contract specifies a completion period of seven months and includes a 5% advance payment. The name of the customer remains confidential due to commercial considerations. The order does not involve any related party transactions or promoter interest. This update is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Interarch Building Solutions Ltd has announced the receipt of a significant order valued at approximately Rs.44 Crores plus tax. The order has been awarded by a domestic entity, although the customer’s name is not disclosed due to confidentiality and commercial reasons. This information is provided under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The scope of the order includes the complete design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system. The contract specifies a completion period of seven months. The terms include a 5% advance payment upon order placement. The order is classified as domestic, with no international involvement.
There are no related party transactions associated with this order, and the company’s promoters or promoter group have no interest in the entity awarding the contract. The order is not considered a related party transaction, and therefore, the question of whether it is conducted at arm’s length does not arise.
Interarch Building Solutions Ltd, formerly known as Interarch Building Products Limited, specializes in providing comprehensive solutions in the field of pre-engineered buildings. The company focuses on delivering innovative and efficient building solutions, leveraging its expertise in design, engineering, and manufacturing to meet diverse client needs in the construction sector.