Unimech Aerospace and Manufacturing Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
UNIMECH · price
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Awaiting price reaction for this filing.
Unimech Aerospace reported its Q1 FY26 (quarter ended June 30, 2025) results. Consolidated revenue from operations stood at ₹6,298.85 lakhs with a profit after tax of ₹1,912.43 lakhs and EPS of ₹3.76. Standalone revenue from operations was ₹1,170.55 lakhs with a profit after tax of ₹886.20 lakhs and EPS of ₹1.74. The Board appointed Mr. Akash Shetty (ICSI Fellow, M.No. F11314) as the new Company Secretary and Compliance Officer effective July 24, 2025. RSM India was also appointed as Internal Auditor for FY 2025-26. The filing reveals that the previous Company Secretary resigned on March 26, 2025, and the interim Compliance Officer resigned on July 8, 2025, making this the third change in the KMP role in four months. IPO proceeds of ₹23,091.10 lakhs have been partially utilised, with ₹11,798 lakhs still un-deployed as of June 30, 2025.
Strong consolidated profitability (PAT of ₹19.12 crore) and continued revenue growth are positives for shareholders. However, frequent turnover at the Company Secretary/Compliance Officer level (three changes in four months) may raise minor governance concerns. Investors should track utilisation of the remaining ₹117.98 crore of IPO funds as it directly impacts the company's growth plans.