Announced Thu, 14 May · 18:56 IST

Unimech Aerospace and Manufacturing Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

UNIMECH · price

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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹951.00
prior close
₹967.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.8-2.5-3.0-2.1-3.2-1.7-2.7-2.7-0.8+1.2+10.1+20.9+26.6
Up moveDown movePending
AI summary

Unimech Aerospace has disclosed deviations in the utilisation of INR 2,500 million (250 Crores) raised through its IPO on December 31, 2024. The company obtained shareholder approval on December 17, 2025, via postal ballot to change the objects of the issue. The original objects including capital expenditure for machinery, working capital, and subsidiary investments have been reallocated. A new category for 'M&A, Joint Ventures and Green Field Projects' has been created with an allocation of 61.29 Crores. The Audit Committee and Auditors have both given nil comments on the deviation. The monitoring agency is Care Ratings Limited.

Likely market impact

Shareholders should note that the company is pivoting from original expansion plans to inorganic growth strategies including acquisitions, joint ventures, and greenfield projects. This reallocation is shareholder-approved but indicates a shift in capital deployment strategy that could affect timelines of original projects.