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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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.
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.