Statement of deviation or variation in utilisation of funds, if any, under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
UNIMECH · price
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Unimech Aerospace and Manufacturing Ltd has disclosed deviations in the utilisation of IPO proceeds for the quarter ended March 31, 2026. The company raised INR 2500 million (250 Crores) through its IPO on December 31, 2024. Shareholders approved a change in the objects of the issue on December 17, 2025, redirecting funds from original purposes to Mergers & Acquisitions, Green Field Projects, and Joint Ventures. Specifically, the company reduced allocations for capital expenditure (from 36.37 Cr to 25.29 Cr), working capital (from 43.89 Cr to 40.65 Cr), investment in subsidiary (from 44.71 Cr to 40.00 Cr), and general corporate purposes (from 40.65 Cr to 12.83 Cr), while creating a new allocation of 61.29 Cr for M&A, Joint Ventures, and Green Field Projects. The Audit Committee and Auditors have no comments on the deviation.
The company is shifting its IPO fund usage from original operational purposes (capex, working capital) toward strategic growth initiatives (M&A, JVs, greenfield projects). This represents a significant strategic pivot that shareholders approved, though it reduces near-term deployment in the originally stated expansion plans.