Unimech Aerospace and Manufacturing Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
UNIMECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Unimech Aerospace has filed a quarterly statement under SEBI's Regulation 32 reporting a deviation in the use of funds raised through its IPO. The company raised INR 250 crore via its IPO on December 27, 2024, earmarked for capital expenditure, working capital, investment in its material subsidiary, and general corporate purposes. The deviation noted is that working capital funds are temporarily parked in liquid mutual funds pending actual deployment toward stated IPO objectives, in the best interest of the organisation. The statement was reviewed by the Audit Committee and Board on July 24, 2025, with no adverse comments. Care Ratings Limited is acting as the monitoring agency for the IPO proceeds.
This is a routine disclosure with a benign explanation — the temporary parking of unutilised IPO funds in liquid funds is standard treasury practice and not a red flag. Shareholders need not worry; no shareholder approval was triggered and no variation in the stated objects of the issue has been proposed.